Our guest today is Tyson Ray.

After nearly three decades building a successful financial advisory practice, Tyson thought he had it all figured out—until his 50th birthday reality check revealed his own succession plan was not what he thought it was.

That moment of brutal honesty sparked the question: “If I wasn’t prepared, how many other advisors are walking around with the same blind spot?”

The answer led to his book Total Succession, his SPACE™ framework (See, Prepare, Act, Commit, Exit), and The Total Succession podcast, where he helps financial advisors exit their businesses with clarity, confidence, and no regrets.

In this episode of Family Business Today, you will learn:

Why focusing on business sellability can improve the day-to-day and the future of a family business
The mistakes family businesses make that unintentionally make their business harder to sell
That sellability is about more than just the family business owner’s financial outcome and can help protect employees, clients, and family members
The reasons family business owners often build businesses that can’t function without them
The signs to watch out for that a family business isn’t as sellable as owners assumed
And more…

To learn more about Tyson and his business, visit https://totalsuccession.com/.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and working together they create a lasting family legacy. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business contact us today for a FREE Transition Assessment (follow link) and receive a one-on-one review of your business transition preparedness with a family business consultant.

Until next time, There’s No Business Like a Family Business…. We Know!