Jun 18, 2024

Overcoming Succession Pitfalls, Laurie Barkman on Work At Home Rockstars

In this episode of the Work at Home Rockstar podcast, Laurie Barkman, also known as the Business Transition Sherpa, joins host Tim Melanson. Laurie shares her journey of becoming a CEO, the challenges of customer concentration risk, and the importance of planning for business succession and exit strategies.

She emphasizes the value of certifications, continuous learning, and the importance of thinking about the end game when building a business. Laurie also discusses her new course, ‘End Game Entrepreneurship,’ and offers valuable insights and tools for small business owners to create valuable exit options and avoid pitfalls in succession planning.

SHOW LINKS
Website: https://workathomerockstar.com/

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

How Two Brothers Took Startup Software Firm From Idea to Exit, Chris and David Sinkinson

Laurie Barkman interviews brothers and business partners, David and Chris Sinkinson, about their experience as co-founders of AppArmor, a bootstrapped SaaS business with a $40 million exit. They discuss the importance of understanding product-market fit, the role of unhappy customers in...

Listen

Why You Need a Transition Plan: Preparing for the Inevitable Exit

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

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

View all Episodes