When is the right time to transition your business? Bill Spohn, President and Owner of TruTech Tools, plans to retire in three years. TruTech Tools is an award-winning e-commerce reseller of tools and test instruments for HVAC and building performance professionals. He’s working on making the company less dependent on him by adding capable leaders, documenting workflows, and keeping a notebook of ideas. Bill joins host Laurie Barkman on Succession Stories for a "Legacy Series" conversation how entrepreneurs can start plan your future exit and benefit from talking about it.   Listen in to learn more about: Ensuring your business can thrive without you Hiring the right talent Portfolio approach to building wealth When to start transition planning Why it's good to talk about your exit intentions Documenting workflows and standard operating procedures (SOPs)     Guest and show notes: Bill Spohn LinkedIn: https://www.linkedin.com/in/billspohn/ Building HVAC Science Podcast: www.buildinghvacscience.com Download a guide to better SOPs: https://bit.ly/SOPGuide   Learn how Strategic Business Transition Planning with Laurie Barkman can bring clarity to your biggest succession questions by visiting https://thebusinesstransitionsherpa.com    THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com OR text TRANSITION to +1 (762)320-2826     SHOW US THE LOVE :   RATE + FOLLOW SUCCESSION STORIES SUBSCRIBE wherever you listen and follow on YouTube Write a review using Rate This Podcast https://ratethispodcast.com/successionstories