Aug 28, 2023

Guiding Businesses From Transition to Transaction, Laurie Barkman on Your Business, Your Life

Without proper guidance and careful planning, it can be difficult to know where to start when considering how best to transition ownership and ensure profitable continuity for yourself and future owners.

Furthermore, understanding the pitfalls of succession planning and developing clear exit options before any transactions occur is essential in creating positive long-term outcomes for all parties involved.

Laurie Barkman, The Business Transition Sherpa, Author, and M&A Advisor, joins host of Your Business, Your Life, Matt DiFrancesco, as they talk about how entrepreneurs can approach transitioning their businesses from transactional model efforts to more strategic initiatives —and what measures need to be taken to avoid common missteps along the way.

Show Links:

Website: https://highliftfinancial.com/

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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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6 Critical Steps to Plan Your Business Transition

6 Critical Steps to Plan Your Business Transition

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.
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Who Else Wants to Run a Company That Can Thrive Without You?

Who Else Wants to Run a Company That Can Thrive Without You?

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.
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