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Laurie and Ken explore the topics of ownership succession, sale to an ESOP, and the legacy he hopes to leave on the company and beyond.
Laurie Barkman underscores the importance of succession planning, noting that every business owner will eventually depart from their company. To shed light on this crucial topic, she invited author Beth Armknecht Miller back to her podcast, 'Succession Stories,' where they delve into Miller's book '...
Chris Panagiotu discusses what eventually all business owners need to determine about their exit and financial future. Know what you need to live on so you don't find yourself surprised if the after-tax number doesn't fully meet your retirement needs.
Discover strategies for choosing between financial and strategic buyers, creating a sell-ready business, setting an exit timeline, understanding buyer motivations, and working with expert advisors to achieve a successful exit and unlock valuable options for your future.
Rick talks about growth and self-awareness as a leader; taking a strategic view from the balcony; and why strategic transition planning done well includes the emotional and personal side, not just the practical stuff.
The Murdoch family transition provides an interesting case study in succession planning, and why it's important to prepare for leadership transition and communicate expectations for next generation success.
Brian Trzcinski discusses questions business owners need to answer to enhance value and reduce risk.
The problem statement is a compass that guides your team through the maze of challenges toward efficient solutions. However, crafting a problem statement isn't as simple as it may seem; it requires finesse and precision.
Business transition and succession planning involves big decisions. There are emotional aspects too! While there's no one roadmap, here are six critical steps to achieve business transition success regardless of which path you take.
Ever wondered why some business owners experience feelings of regret after selling their businesses? In this webinar titled "How to Avoid Exit Regrets," we delve into this often-overlooked aspect of business ownership.
AI automation can be a game-changer for small businesses looking to streamline their processes, save time and money, and stay competitive. With the help of AI, small businesses can achieve greater efficiency, make better decisions, and improve the overall customer experience.
Eva talks candidly with host Laurie Barkman about how the business consumed the family, and caused relationships to become dysfunctional.
how the lack of planning for business succession can lead to decreased value and challenges during transition. She emphasizes the benefits of early exit strategy development, which not only enhances business value but also contributes to overall profitability and satisfaction.
JLD joins Succession Stories host Laurie Barkman to talk about business and personal legacy. What does it take to create a business that leaves a lasting legacy?
Laurie Barkman emphasizes the importance of decreasing owner dependency for increased business value. She presents seven actionable strategies, including building leadership teams, delegating tasks, and aligning incentives, that help organizations thrive beyond their owners' involvement.