Sep 7, 2023

Expand Your Identity Beyond Your Business, Laurie Barkman on Financial Flossing

In this enlightening episode, Laurie Barkman, a seasoned business transition strategist, joins host Ross Brannon to discuss the dynamics of selling a business, the ideal time to sell, and the significance of expanding one’s identity beyond one’s business.

Laurie dives into the intricacies of selling a business. She emphasizes the importance of seizing the opportunity during an upward growth phase, advises against trying to time the market, and suggests considering life stages rather than just age when planning to sell.

She also highlights the need to reverse-engineer the exit plan, focus on leaving a meaningful legacy for stakeholders, and understand your business’s true value while setting a clear transition timeline. Her key takeaway: commit to the process, clarify personal goals, and identify your driving factors for a successful business exit.

Show Links:

Spotify: https://open.spotify.com/show/6giUCcsWrp3q9mvq17rUtJ
Apple Podcast: https://podcasts.apple.com/ma/podcast/financial-flossing/id1573619911

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

How to Protect Your Equity When Your Business Needs Cash

How to Protect Your Equity When Your Business Needs Cash

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...

Listen
Lazy CEO Podcast, Business Transitions and Liquidity Events

Lazy CEO Podcast, Business Transitions and Liquidity Events

In this episode of The Lazy CEO Podcast, host Jim Schleckser discusses the topic of liquidity events and business transitions with expert Laurie Barkman from the Business Transition Sherpa. Laurie shares her personal experience going through an M&A process as a CEO and highlights the challenges, emo...
Listen