Succession Planning Lessons from a Pro Football Legend

I’m a huge Dallas Cowboy fan (for those of you who don’t know it) and today I was privileged to hear a Washington Redskin Legend share his passion for helping business and even current NFL Rookies with their financial success. The legend, Brian Mitchell, a ferocious punt and kick-off return specialist who played 14 years in the NFL and is 2^ndAll-Time in All Purpose Yards of 23,330, behind Jerry Rice.

What intrigued me about the story of Brian Mitchell was his overall mindset, but specifically how he had a plan, a succession plan, for when his football career was over. The average NFL career last less than 3 years, Brian knew this and he knew that his career could end in one play. So he planned for that. He realistically looked at the longevity of a NFL career and took action by developing relationships, pursing radio and TV (in college he even changed his major from chemical engineering to business management) with a passion to help business people. He told the group (it was a seminar hosted by Great Legal Marketing and Foster Web Marketing) that he realistically thought he would spend four years in the NFL. Because of his hard work and no career ending injuries he was fortunate to spend 14 years in the NFL.

Small business owners need to take this same approach. Realistically assess your current business, develop relationships with professional advisors (lawyer, accountant, financial planner), begin to identify someone you can begin to mentor and ultimately transition the business to, and draw up a “map.” This process takes time, won’t happen over night, but it is worth it and you owe to yourself, your family and your employees.

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Mr Jeffery Field and his entire staff are dedicated to helping you through the minefield that is the will/trust process, and dealing with . With a background and experience in Law and Finance, Jeff is uniquely qualified to guide you and he has a heart of a teacher which is important to me.

Stephen Montgomery

February 9, 2023

Jeff and his team are professional, but also personable. They relate well to your personal needs. He put together an estate plan for my family, as well as, ensuring my children will avoid child protective services incase of a sudden death of me and my husband. The peace of mind I have in that cannot be replaced.

Lindsey Mayo

July 20, 2022

Char

July 19, 2022

Arturo Vargas

April 18, 2021

Excellent in all categories. I would recommend to anyone who would need an estate planning.

Alicia Schmidt

March 8, 2021

Mr. Field and his entire office were extremely helpful in assisting our family with our trust matters. He is very patient and pays close attention to his clients needs and create a plan that is specific to those matters. Our family is very grateful to the Field law firm. Thank you, The Vargas family

Ernie Vargas

March 4, 2021

The staff and Mr. Field take their time to thoroughly explain the living trust process and guide you through each step needed until completion.

jennifer hathaway

February 22, 2021

I am beyond happy with the level of personalized customer service this office offers. All of my questions were answered and my worries were put to rest; by having contacted the field law office. I’m so happy that now we can rest assured knowing that our future is correctly taken care of in a trust. I loved the way that Mr. Field explained estate planning in layman’s terms. He was interesting and insightful; even when the subject matter is heavy. The entire staff is so helpful & knowledgeable and they never make you feel like you are a bother. Contact them, you won’t regret it!

Oscar C

February 2, 2021

Mr. Field was very responsive and thorough. He answered all our questions in detail and explained our options thoroughly. He and his staff were (and continue to be) very accommodating and professional.

Patty Fernandez

January 28, 2021

The thought of setting up a trust had been daunting for a number of years, but the team at Field Law made it comfortable and I didn't need to have all of the answers to every detail right away. I am so relieved that I finally got it done.

Kathy Lew

December 22, 2020