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Created by Laurie Barkman, Former...
Selling your business can be a daunting process, especially when you're faced with a barrage of questions from potential buyers. This stage is critical as it can determine the success of your sale and the future of your company. It's not just about showcasing your business's strengths but also...
When it comes to financing your business growth, you might feel stuck between two tough choices: selling shares to raise cash, or borrowing money from a bank. Selling shares means giving up some of your valuable equity, while bank loans can be expensive and often require a personal guarantee. But...
100% of business owners are going to exit one day, but less than 10% have a written and communicated plan for doing so. If you fall into the remaining 90%, it’s time to get a plan in place.
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 '...
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.
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.
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.
![How to Avoid Exits Regrets with Laurie Barkman, Stony Hill Advisors [Video]](https://thebusinesstransitionsherpa.com/wp-content/uploads/2023/09/How-to-Avoid-Exit-Regrets-Stony-Hill-400x250.jpeg)
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.
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.
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.
The recent buyout offer between U.S. Steel and Cleveland-Cliffs is a prime example of a critical business decision. Laurie emphasized the importance of careful evaluation in such scenarios.
#NeverRetire movement is gaining traction and challenging the idea that retirement is the ultimate goal.