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This week, in episode 195, Mel Gravely tells Jay Goltz and Liz Picarazzi about his recently executed succession plan, including what\u2019s worked and what could have gone better. The main thing that could have gone better, Mel says, is his purchase of another small business where he says he misdiagnosed the challenges the business is confronting: \u201cI thought they just had a bad model and they weren't managing it well. It was worse.\u201d All of which leads to a discussion of the role that a board of advisors can play in helping an owner build a business. While Mel has said he wouldn\u2019t run a lemonade stand without a board, Liz and Jay\u2014like most business owners\u2014have taken a different approach. The notion of having a board of advisors, Jay tells us, is something he struggles to get his head around. \u201cI\u2019ve been doing this for 45 years,\u201d he says, \u201cand I\u2019ve never had anybody to answer to.\u201d Plus: with the talk of tariffs getting louder, Liz updates us on her search for an alternative to manufacturing her trash enclosures in China. \u201cWe really have to have a Plan B,\u201d she says. \u201cWe'd be stupid not to have a Plan B.\u201d