Succession Planning in 2026: What Business Owners Need to Know Now

Succession planning is no longer something business owners think about at the finish line; in today’s market, it’s a critical part of running the race. In this episode of the Optimize Wealth Podcast, Lance Norquest breaks down the biggest succession planning trends shaping 2026 and what business owners should be preparing for now.

From early planning timelines to the rising importance of leadership depth, hybrid exit structures, and valuation drivers, Lance walks through the key factors influencing successful transitions; whether the goal is internal succession, external sale, or staged liquidity. He also highlights common pitfalls, including the #1 mistake owners make: waiting too long to start.

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