Aug 15, 2023

When’s a Good Time to Think About Succession, Laurie Barkman on Building HVAC Science Podcast

This episode should be helpful to business owners. However, anyone working in a business should find it interesting to know more about one of the topics on the mind of many business owners: business succession planning.

After walking the walk of leading a $100M family-owned business through their transition, Laurie is now a guide to business owners providing a structured process to plan successful transitions of their companies.

Laurie’s journey and expertise serve as a beacon of guidance, illuminating a path towards effectively planning and executing seamless transitions in the dynamic realm of business.

Laurie hosts a podcast, Succession Stories, has written a book: The Business Transition Handbook and is an adjunct professor of Entrepreneurship at the Tepper School of Business at Carnegie Mellon University.

Show Links:

Youtube: https://www.youtube.com/@TruTechTools/podcasts
Website: https://www.buildinghvacscience.com/
Bill Spohn’s LinkedIn: https://rb.gy/8svaf

28thCommAwards_SiteBugs_Final_SiteBug_AudioPodcasts_Gold

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

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.”

Learn More About the Book

Browse More Episodes

171: From Reluctant Successor to Innovation Leader, Karen Norheim

In this Succession Stories episode, – When the episode first aired in 2021, Karen emerged as a leader who, despite initial reluctance, embraced her role with a combination of curiosity and determination. Under her guidance, the company leaned into strategic growth and innovation, reaping the...

Listen

The Business Transition Handbook, Laurie Barkman on The Wayfinder Show

Laurie Barkman joins host Luis Hernandez for a compelling discussion on setting up businesses for successful exits and successions. Known as the ‘Business Transition Sherpa,’ Laurie shares her journey from founding and leading a $100 million revenue company to selling it to a Fortune...

Listen

170: Navigating Family Business Transitions, Maryann Bell

Laurie Barkman interviews Maryann Bell, a partner at Wingspan Legacy Partners, about the common myths and challenges facing next-generation successors in family businesses. Maryann shares insights on the importance of communication, education, and bringing in outside expertise to navigate the...

Listen

Knowing When to Sell: Signs It’s Time to Hand Over Your Business

Deciding when to sell your business is one of the most challenging decisions you’ll ever face. It’s a deeply personal choice, often fraught with emotions and financial implications. One practical way to gauge the right time to sell is to recognize when someone else is willing to invest...

Listen

Preparing for a Successful Exit with Business Transition Insights, Laurie Barkman on the DealQuest Podcast

Laurie Barkman returns to the DealQuest Podcast with host Corey Kupfer to share her expertise in mastering business transitions and exit strategies. In this insightful episode, Laurie and Corey dive into the critical aspects of strategic planning and readiness, discuss the latest M&A...

Listen

5 Proven Strategies to Attract Business Acquirers and Sell Your Company

Making the first move in business sales often puts you at a slight disadvantage. Initiating a sale can reveal just how eager you are to part with your business. Instead, it’s always more advantageous to be approached by potential acquirers rather than doing the approaching. Luckily, the...

Listen

4 Common Pitfalls To Avoid When Selling Your Business

Selling your business can feel like an intense examination. Picture this: a stranger meticulously inspecting every aspect of what you’ve built. This process, known as due diligence, is essential but can be overwhelming. Professional acquirers will have a comprehensive checklist of questions...

Listen

8 Essential Questions to Prepare for When Selling Your Business: A Guide for Entrepreneurs

Selling your business is a monumental task, often filled with complex decisions and rigorous scrutiny from potential buyers. To navigate this journey successfully, it’s crucial to be well-prepared and ready to address the key questions that buyers will inevitably ask. In her Amazon...

Listen

How To Build With The Exit in Mind, Laurie Barkman on Practical Leadership Podcast

In this episode, we dive into the crucial topic of building a business with the end in mind. Laurie Barkman, author of “The Business Transition Handbook” and a seasoned Business Transition Sherpa™ joins host, Paul Morton, to share key insights and strategies for preparing for a...

Listen

How to Make Your Business More Valuable, Laurie Barkman on Marketing The Invisible

Is succession planning something you keep pushing aside? It’s time to bring it to the forefront. Ensuring your company’s value is properly assessed and that you’re rewarded for it is essential, whether you plan to sell or not. Proper preparation can prevent succession issues and...

Listen

View all Episodes