Aug 8, 2023

Avoiding Succession Pitfalls, Laurie Barkman on Exit Readiness Podcast

As with any strategic planning it’s as important to know what pitfalls to avoid as much as it is what actions to take or put in place.

And there are not a few pitfalls to avoid when planning your exit which is most often the most significant and impactful event and transaction of their life as a business owner.

Laurie Barkman, the business transition sherpa, talks with Exit Readiness show host Pat Ennis about the more common pitfalls to avoid.

Laurie is the former CEO of a $100 million revenue company that was sold to a Fortune 50. She is an mergers and acquisitions advisor, exit planner and author of “The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Exit Options.”

Show Links:

Pat’s LinkedIn: https://www.linkedin.com/in/pat-ennis

Ennis Legacy Partners Website: https://ennislp.com

New Episodes Available Weekly On:

        

Get Succession Stories in Your Inbox Free

Case studies, examples, templates, and tools for business transition, plus notification of new episodes.

The Business Transition Handbook

The Business Transition Handbook

Preparing owners to navigate the emotional and practical nature of the transition process so you can exit on your terms and avoid succession regrets.

“A game changer to help you win in your exit and in life.”

 

Browse More Episodes

The ESOP Advantage: Wealth, Legacy & Business Transitions

Employee Stock Ownership Plans (ESOPs) are one of the best-kept secrets in business succession planning. In this episode, Laurie Barkman sits down with Dan Zugell, Senior Vice President at Business Transition Advisors and a nationally recognized expert in ESOPs, to explore how these plans create...

Listen
Your Business is Not Your Baby: How to Build a Sellable Company

Your Business is Not Your Baby: How to Build a Sellable Company

Is your business truly valuable—or just another job you’ve created for yourself? In this episode of Succession Stories, Laurie Barkman speaks with Justin Goodbread, award-winning exit planner, best-selling author, and serial entrepreneur who has built and sold six businesses. Justin shares how he...

Listen
Built to Last: Family Business Leadership

Built to Last: Family Business Leadership

Join Matthew Powell, CEO of Century Companies and a fourth-generation family business leader, along with host Laurie Barkman, as they explore the art of building sustainable, multi-generational enterprises. In a world of short-term exits, Matthew champions a different path—creating lasting value...

Listen
Embracing Business Transition: The Journey to Your Next Chapter

Embracing Business Transition: The Journey to Your Next Chapter

What does transition mean to you? For each of us, it takes on a different significance depending on where we are in life. Transition is movement—it’s part of a process, a journey that leads us from one chapter to the next. As a business owner, this journey often involves navigating the...

Listen