Mar 10, 2022

Business Transition Planning with Laurie Barkman – Leaders of Transformation Podcast

How do family businesses need to transform to survive through the next generation?

Laurie Barkman was a guest on the Leaders of Transformation Podcast hosted by Nicole Jansen. As a business transition sherpa, certified M&A Advisor, and founder of the firm, SmallDotBig, Laurie explains what impacts business value, common mistakes leaders make, and how to prepare your business as a more valuable, sellable asset.

Laurie is the former CEO of a $100 million revenue company with an exit to a Fortune 50 company. With more than 25 years of C-Suite and award-winning marketing expertise, she provides actionable perspectives to drive sustainable value.

She is a Partner with Stony Hill Advisors, a mergers and acquisitions firm, through which she guides owners through the complex process of letting it go.

Laurie is also an Adjunct Professor of Entrepreneurship at Carnegie Mellon University. She leads executive workshops with Vistage, and hosts a weekly podcast called Succession Stories.

80% of business owners want to stop working in their business in the next 5-10 years, but most have not planned for that transition. Listen as Laurie reveals the steps needed to prepare ahead of time, so you are ready to transition successfully when the time comes.

What you’ll learn in this episode

  • Why succession planning is so hot right now
  • What impacts business value, and how it is calculated
  • Factors that reduce your business value
  • How to increase your business valuation
  • Common mistakes owners make when selling their company
  • How Laurie got into this industry
  • What owners can do to start preparing their business to be more sellable

View the original post on the Leaders of Transformation website, with host Nicole Jansen

Podcast Highlights

3:00 – Succession in the media

4:15 – Business transition options and market dynamics

9:30 – Choosing the right buyer for your business

15:55 – Factors that determine business valuation

20:45 – Eight Value Drivers

26:17 – Protecting confidential information

33:25 – Laurie’s background experience

35:48 – Tenth generation legacy story

41:10 – Taking action

Episode Resources

Succession Stories Podcast: Succession Stories Podcast

Contact Laurie Barkman

Follow Laurie Barkman on Social Media

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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.”

 

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