Succession Stories

Laurie Barkman

Succession Stories is an award-winning podcast guiding entrepreneurs from transition to transaction hosted by Laurie Barkman, The Business Transition Sherpa®. Succession Stories explores the entrepreneurial stages of a business from growth to maturity focusing on value creation, exit planning, succession, and M&A for owner-led companies. If you are an entrepreneur looking for inspiration to create a more valuable business, or an owner who wants to figure out the best way to transition or sell their closely held company, this podcast is for you. Hosted by Laurie Barkman, Amazon best-selling author of "The Business Transition Handbook: How to Avoid Transition Pitfalls and Create Valuable Exit Options." Learn more about Laurie's strategic business transition planning and M&A advisory services by visiting: https://thebusinesstransitionsherpa.com read less
BusinessBusiness

Episodes

155: Successfully Exiting A Family Business After Turning It Around, JV Crum III
Apr 7 2024
155: Successfully Exiting A Family Business After Turning It Around, JV Crum III
Succession Stories host Laurie Barkman, The Business Transition SherpaⓇ, sits down with JV Crum III, founder of the Conscious Millionaire Institute and Conscious World Foundation Inc.–a global non-profit that trains youth to become conscious leaders. What happens when you’re asked to join the family business but then discover there are BIG financial challenges? JV shares his experience how he helped turn around a family trucking company and became a millionaire by age 25. He overcame conflicts with his father, improved business performance, and sold to a larger family-owned trucking line, resulting in a transaction that took only three months to close. In this insightful episode, they dive into the complexities of family businesses, founder-led enterprises, and the unique challenges faced by hired executives.  Listen in to learn more about: Understanding the importance of aligning personal purpose with business goals to achieve fulfillment and success. Recognizing the impact of family dynamics in business and learning strategies to navigate them effectively. Gaining insights into the process of selling a business, including finding the right buyer and negotiating a successful deal. Embracing a mindset shift towards prioritizing internal growth and mindset development as the key drivers of business success. Discovering the three essential areas of focus for business growth: mindset, strategy, and execution. Things often happen at the right moment when you least expect it.  Enjoy this Succession Stories episode about successfully exiting a family business after turning it around with JV Crum III.   Find JV Crum III Here: https://consciousmillionaire.com/ https://www.facebook.com/jvcrum/   ❤️ Show us the love on Rate This Podcast: https://ratethispodcast.com/successionstories _______________________________________ SIGN-UP FOR NEW MASTERCLASS TO MAXIMIZE VALUE AND EXIT ON YOUR TERMS: "Endgame Entrepreneurship: Build With The Exit In Mind" https://thebusinesstransitionsherpa.com/course/ _______________________________________ Unlock deeper insights into entrepreneurship and scalability by engaging with us through various social media platforms: My Links: 🌐 Website: https://TheBusinessTransitionSherpa.com ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options" 🎙 Podcast: https://podfollow.com/succession-stories 🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa _______________________________________ 📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com
154: Success Secrets For Family Businesses Navigating Growth Crossroads, Meghan Lynch
Apr 2 2024
154: Success Secrets For Family Businesses Navigating Growth Crossroads, Meghan Lynch
Succession Stories host Laurie Barkman, The Business Transition SherpaⓇ, is joined by Meghan Lynch, the driving force behind Six-Point Creative, a marketing services firm dedicated to empowering family-owned and closely-held businesses. Meghan's mission is to help family businesses compete against industry giants. Listen in as they explore: The challenges that family businesses face in balancing sustainability and growthStrategies for family businesses to achieve 2X growth while maintaining control over relationships, messaging, and future direction3 essential steps for family-held businesses to achieve their goals in the coming year and beyond Enjoy this Succession Stories episode about how family businesses navigate growth crossroads with Meghan Lynch.   Find Meghan Here: https://sixpointcreative.com/   ❤️ Show us the love on Rate This Podcast: https://ratethispodcast.com/successionstories _______________________________________ SIGN-UP FOR OUR NEW MASTERCLASS TO MAXIMIZE VALUE AND EXIT ON YOUR TERMS: "Endgame Entrepreneurship: Build With The Exit In Mind" https://thebusinesstransitionsherpa.com/course/ _______________________________________ Embark on a journey of understanding and practical application as we navigate the realms of building a scalable business, unveiling the potential for growth and empowerment. Unlock deeper insights into the transformative realm of entrepreneurship and scalability by engaging with us through various social media platforms: My Links: 🌐 Website: https://TheBusinessTransitionSherpa.com ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options" 🎙 Podcast: https://podfollow.com/succession-stories 🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa _______________________________________ 📘 THE BUSINESS TRANSITION HANDBOOK: Get a free digital copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com
153: Discovering The Hidden Secrets Behind A $37 Million Exit, Max Lewis
Mar 20 2024
153: Discovering The Hidden Secrets Behind A $37 Million Exit, Max Lewis
Welcome back to the Succession Stories podcast. If you haven't already, be sure to subscribe, and if you enjoy the show, please leave us a review! Go to RateThisPodcast.com/successionstories.  Host Laurie Barkman welcomes Max Lewis, entrepreneur and author of “Who Is Max Lewis?” Max shares what led to the eventual sale of his company for $37 million.  From selling mangos as a child to amassing millions by exchanging propane tanks, Max beat the odds and became one of America's ultra-high net-worth individuals by 36 years old. Through persistence, hard work, and a willingness to learn from mistakes, he tactfully planned for nothing less than success. It’s also about a family in business that fell apart as a family business. For 18 months, Max was literally locked out of his business by his brother. Max’s story is about forgiveness, resilience, and the power of faith. There are lots of pivotal moments in our lives. Which ones will stand out to transform your entrepreneurial journey?  His message is that extraordinary success is within your reach—when you're willing to put in the work.  Enjoy this Succession Stories episode about discovering the secrets behind a $37 million exit with Max Lewis. Find Max Lewis Here: https://whoismaxlewis.com/ ❤️ Show us the love on Rate This Podcast: https://ratethispodcast.com/successionstories _______________________________________ SIGN-UP FOR NEW MASTERCLASS TO MAXIMIZE VALUE AND EXIT ON YOUR TERMS: "Endgame Entrepreneurship: Build With The Exit In Mind" https://thebusinesstransitionsherpa.com/course/ _______________________________________ Embark on a journey of understanding and practical application as we navigate the realms of building a scalable business, unveiling the potential for growth and empowerment. Unlock deeper insights into the transformative realm of entrepreneurship and scalability by engaging with us through various social media platforms: My Links: 🌐 Website: https://TheBusinessTransitionSherpa.com ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options" 🎙 Podcast: https://podfollow.com/succession-stories 🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa _______________________________________ 📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com
152: Why Your Company Needs a Board, Ralph Ward
Mar 12 2024
152: Why Your Company Needs a Board, Ralph Ward
Ralph Ward is the editor of the Corporate Board Magazine and an expert in corporate governance. He’s the author of six books on corporate governance and board issues. I asked him to join me on the show to talk about best practices for private company boards. It’s about governance and strategic guidance. Boards aren’t just for large public companies. Even newer, privately held firms can benefit from having a board. Boards also get involved in CEO succession planning. We address challenges faced by family businesses and how boards can help navigate these complexities. Enjoy this Succession Stories episode about why your company might need a board with Ralph Ward. Corporate governance and board formation in private companies.Board formation in private companies often delayed until crisis strikesPrivate companies can bring in outside directors with experience in succession planning to help founders navigate family dynamics and ensure a smooth transition.Advisory boards can help with succession planning and governance in family businesses.Advisory boards can provide outside perspectives and help with growth stage challenges in companies.Tips and tools for dealing with drama in the boardroom and improving corporate governance.Advisory boards can provide valuable networking opportunities for companies, connecting them with important people in their industry. Find Ralph Here:  www.corporateboard.com www.boardroominsider.com ❤️ Show us the love on Rate This Podcast: https://ratethispodcast.com/successionstories _______________________________________ SIGN-UP FOR NEW MASTERCLASS TO MAXIMIZE VALUE AND EXIT ON YOUR TERMS: "Endgame Entrepreneurship: Build With The Exit In Mind" https://thebusinesstransitionsherpa.com/course/ _______________________________________ Engage with us on our social media platforms: My Links: 🌐 Website: https://TheBusinessTransitionSherpa.com ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options" 🎙 Podcast: https://podfollow.com/succession-stories 🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa _______________________________________ 📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com
150: How To Build a Scalable Business with Alex Neist, Founder of Hostage Tape
Mar 4 2024
150: How To Build a Scalable Business with Alex Neist, Founder of Hostage Tape
Welcome back to the Succession Stories podcast. If you’re not already, please give me a follow on LinkedIn and Instagram @lauriebarkman. Be sure to subscribe, and if you enjoy the show, please leave us a review! Go to RateThisPodcast.com/successionstories.  Today we welcome Alex Neist, a serial entrepreneur and former professional athlete. Alex is the founder of Hostage Tape, a health enhancement product that has quickly scaled into an e-commerce powerhouse, generating seven figures in monthly revenue. Alex shares his succession stories from AFL quarterback, to tech company founder, and selling the business to a strategic buyer in a cash and equity deal. You’ll want to hear why Alex decided to leave once his equity vested, and his journey of self-reflection and personal challenges to overcome. Eventually it led to the origin story behind Hostage Tape and how he’s creating scalable businesses around commodity products. Alex believes that to get better, you have to be able to confront failure. Enjoy this Succession Stories episode about how to build a scalable business with Alex Neist. Find Alex Neist Here: https://instagram.com/hostagetape ❤️ Show us the love on Rate This Podcast: https://ratethispodcast.com/successionstories _______________________________________ SIGN-UP FOR NEW MASTERCLASS TO MAXIMIZE VALUE AND EXIT ON YOUR TERMS: "Endgame Entrepreneurship: Build With The Exit In Mind" https://thebusinesstransitionsherpa.com/course/ _______________________________________ Embark on a journey of understanding and practical application as we navigate the realms of building a scalable business, unveiling the potential for growth and empowerment. Unlock deeper insights into the transformative realm of entrepreneurship and scalability by engaging with us through various social media platforms: My Links: 🌐 Website: https://TheBusinessTransitionSherpa.com ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options" 🎙 Podcast: https://podfollow.com/succession-stories 🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa _______________________________________ 📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com
151: Avoid Burnout: Top Tips For Entrepreneurial Success, Cesar Quintero
Mar 3 2024
151: Avoid Burnout: Top Tips For Entrepreneurial Success, Cesar Quintero
Succession Stories host Laurie Barkman, The Business Transition Sherpa™, welcomes Cesar Quintero, a serial entrepreneur in the foodservice industry. At age 24, Cesar moved to Miami given the economic turmoil in Venezuela to pursue his dream of starting a business and helping others achieve a healthier lifestyle by founding Fit2Go - the first corporate healthy meal delivery service in Miami.  Nearly 10 years later, he launched two new companies: RawBar2Go, the first licensed food boats in Florida, and The Profit Recipe, a coaching firm empowering entrepreneurs to work ON the business and not IN the business by implementing best practices and the Entrepreneurial Operating System (EOS).  With nearly 50 employees at their peak, and $3.5 million in revenue, Cesar was close to burning out. He resented the business because of the lack of time freedom that he felt. Listen in as Cesar describes his personal journey of rediscovering the passion for his business. Hear how he bounced back by implementing transformative systems and processes; the open book approach to sharing financials with his team, and eventually selling the business to a team member. Entrepreneur burnout happens more often than you may realize. 75% of entrepreneurs report occasional or frequent burnout. Enjoy this Succession Stories episode on how to avoid entrepreneur burnout with Cesar Quintero.   ❤️ Show us the love on Rate This Podcast: https://ratethispodcast.com/successionstories   Find Cesar Quintero Here:  Cesar´s Linkedin: https://linkedin.com/in/cesarquintero Profit recipe website: https://theprofitrecipe.com/ Profit recipe FB: https://www.facebook.com/TheProfitRecipe/ Profit recipe LinkedIn: https://www.linkedin.com/company/the-profit-recipe _______________________________________ CHECK OUT OUR NEW MASTERCLASS: "Endgame Entrepreneurship: Build With The Exit In Mind" https://thebusinesstransitionsherpa.com/course/ Learn how to maximize value and exit on your terms! _______________________________________ Embark on a journey of understanding and practical application as we navigate ways to avoid entrepreneur burnout, unveiling the potential for growth and empowerment. Unlock deeper insights into the transformative realm of entrepreneurship and scalability by engaging with us through various social media platforms: My Links: 🌐 Website: https://TheBusinessTransitionSherpa.com ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options" 🎙 Podcast: https://podfollow.com/succession-stories 🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa _______________________________________ 📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com
149: How To Have Tough Succession Conversations, Jane Hanson
Feb 4 2024
149: How To Have Tough Succession Conversations, Jane Hanson
Succession Stories host Laurie Barkman, The Business Transition Sherpa®, welcomes Jane Hanson, a nine-time Emmy award winning correspondent. She has an amazing resume as a network co-anchor in New York, and has covered events ranging from the tragedy of 9/11 to the joy of the Yankees victory parades. She has interviewed presidents, business leaders, prisoners, and celebrities. She’s currently a much sought-after communications coach working with top-tier leaders in every field while continuing to emcee, speak and host broadcasts. Laurie and Jane discuss how leaders have tough conversations, especially when it comes to succession. At the core of everything has got to be respect. Whatever the conversation is, you need to prepare carefully. You also have to make sure that your decision is absolute, there can't be any wavering. Also hear Jane’s take on the HBO show, Succession, and how she’d advise the sibling rivals if she could. Enjoy this Succession Stories episode on how to have tough succession conversations with Jane Hanson. Find Jane Here: https://www.janehanson.com/   ❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify _______________________________________ My Links: 🌐 Website: https://TheBusinessTransitionSherpa.com ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options" 🎙 Podcast: https://podfollow.com/succession-stories 🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa _______________________________________ 📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com OR text TRANSITION to +1-762-320-2826 _______________________________________ ONLINE MASTERCLASS COMING SOON: "Endgame Entrepreneurship: Build With The Exit In Mind" Join the waitlist: https://thebusinesstransitionsherpa.com/course/
148: How to Spot Sales Risk in Your Succession Plan with David Newman
Jan 30 2024
148: How to Spot Sales Risk in Your Succession Plan with David Newman
Succession Stories host Laurie Barkman, The Business Transition Sherpa®, welcomes David Newman, author of the business bestseller "Do It! Marketing" and his new book, "Do It! Selling." He's the founder of the Do It! MBA mentoring program and the host of The Selling Show, a top-rated business podcast.  Laurie and David discuss his take on how business owners can avoid a common succession pitfall related to sales. It’s called the “Rainmakers Dilemma” and happens when the owner of the business drives the sales process and most of the revenue.  The risk is that if the owner isn’t there, the business is likely to flatline or decline. To dive deeper on this topic, we've also included a link to an ebook about the Rainmakers Dilemma and what to do about it in the show notes as an additional resource for you.  Enjoy this Succession Stories episode about avoiding sales succession pitfalls with David Newman.   Show links: Download the Rainmakers Dilemma ebook: https://bit.ly/rainmakers_dilemma Find David Newman here: https://doitmarketing.com   ❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify _______________________________________ My Links: 🌐 Website: https://TheBusinessTransitionSherpa.com ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options" 🎙 Podcast: https://podfollow.com/succession-stories 🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa _______________________________________ 📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com OR text TRANSITION to +1-762-320-2826 _______________________________________ ONLINE MASTERCLASS COMING SOON: "Endgame Entrepreneurship: Build With The Exit In Mind" Join the waitlist: https://thebusinesstransitionsherpa.com/course/
147: How to Talk with Family about Business Ownership Succession, Matt DiFrancesco
Jan 29 2024
147: How to Talk with Family about Business Ownership Succession, Matt DiFrancesco
Succession Stories host Laurie Barkman, The Business Transition Sherpa®, welcomes Matt DiFrancesco, Principal of HighLift Financial, and host of the "Your Business, Your Life" podcast.  Laurie and Matt discuss navigating complex family dynamics for business succession planning. How to have difficult conversations with family members, especially children, about their roles in the business and potential ownership succession. Family legacy and continuity planning are essential parts of the conversation as well as common challenges for succession planning in family businesses including timing of decisions. Enjoy this Succession Stories episode on navigating family business succession planning with Matt DiFrancesco. Find Matt DiFrancesco here: highliftfinancial.com Listen in to learn more about: Business Exit TimeframeNavigating Family DynamicsCreating a Family Legacy   ❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify _______________________________________ My Links: 🌐 Website: https://TheBusinessTransitionSherpa.com ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options" 🎙 Podcast: https://podfollow.com/succession-stories 🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa _______________________________________ 📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com OR text TRANSITION to +1-762-320-2826 _______________________________________ ONLINE MASTERCLASS COMING SOON: "Endgame Entrepreneurship: Build With The Exit In Mind" Join the waitlist: https://thebusinesstransitionsherpa.com/course/
146: Tax Strategies to Consider When Selling a Business, Ross Brannon
Jan 24 2024
146: Tax Strategies to Consider When Selling a Business, Ross Brannon
Succession Stories host Laurie Barkman, The Business Transition Sherpa®, welcomes Ross Brannon, Tax Shelter and Private Equity Consultant at CoastalOne. Ross joined Laurie for a conversation about tax strategies business owners should consider when selling a business. Listen in to learn more about tax deferral and tax mitigation strategies including opportunity zones, installment sales, and diversified investment structures. Don’t wait until you’re in a transaction to learn about tax mitigation strategies. It’s called financial planning for a reason. You need time to plan. They also discuss the importance of planning for life after selling your business and why Ross doesn’t believe in the notion of retirement. Find purpose and impact in the next chapter of your life. Enjoy this Succession Stories episode about tax strategies to consider when selling your business with Ross Brannon. Find Ross here: https://rossbrannon.com/ Listen in to learn more about: Navigating Tax ComplexitiesStrategic Exit PlanningDiversified Financial ApproachesAvoiding Retirement and Staying Engaged   ❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify _______________________________________ My Links: 🌐 Website: https://TheBusinessTransitionSherpa.com ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options" 🎙 Podcast: https://podfollow.com/succession-stories 🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa _______________________________________ 📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com OR text TRANSITION to +1-762-320-2826 _______________________________________ ONLINE MASTERCLASS COMING SOON: "Endgame Entrepreneurship: Build With The Exit In Mind" Join the waitlist: https://thebusinesstransitionsherpa.com/course/
145: Your Kids Want Your Wealth, Not Your Business, Elliott H. Kallen
Jan 14 2024
145: Your Kids Want Your Wealth, Not Your Business, Elliott H. Kallen
Succession Stories host Laurie Barkman, The Business Transition Sherpa(™), welcomes Elliot H. Kallen, President of Prosperity Financial Group, a financial planning and advising firm. Elliot is a three time CEO with a passion for working with family businesses to achieve a meaningful life beyond financial measure. Listen in as they discuss the emotional aspect of family businesses and the hypothetical umbilical cord that’s hard to sever. It could be a reason why family business owners want their kids to take over– so they can stay close to the action. Or, they may be reluctant to let go of their company baby and plan to work until they die.  Does the next generation even want to own the business, or do they want the wealth from an exit and the ability to move on? And what’s your retirement strategy? Make it more than watching four hours of TV a day. Elliot is a proponent of creating a meaningful life. He shared the heart-wrenching story of his youngest son’s death by suicide, and how he’s honoring his memory by taking action to help other families. A Brighter Day charity unites stress and depression resources with teens and their parents with the goal of stopping teen suicide.  Enjoy this Succession Stories episode about meaningful transitions with Elliot Kallen. Find Elliot here: https://prosperityfinancialgroup.com/ ❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify _______________________________________ My Links: 🌐 Website: https://TheBusinessTransitionSherpa.com ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options" 🎙 Podcast: https://podfollow.com/succession-stories 🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa _______________________________________ 📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com OR text TRANSITION to +1-762-320-2826 _______________________________________ ONLINE MASTERCLASS COMING SOON: "Endgame Entrepreneurship: Build With The Exit In Mind" Join the waitlist: https://thebusinesstransitionsherpa.com/course/
144: How Will Your Company Be Remembered? Rocco Cozza
Jan 7 2024
144: How Will Your Company Be Remembered? Rocco Cozza
Succession Stories host Laurie Barkman, The Business Transition Sherpa(™), welcomes Rocco Cozza, Founder and Managing Partner of Cozza Law Group, for a conversation spotlighting a topic owners may be starting to think about, but not yet talk about – business legacy and succession planning.  Learn key framing questions to help you think about business legacy and implications for planning your succession. “What do you want people to say about your business when you're no longer here?” It’s important to plan for your exit from the beginning. If you want to build a business to stay within your family and you want your kids to be involved, have that discussion early and often.  And if you're not giving yourself a minimum of five years for exit planning, you won’t have enough time to address risk levers and do the planning you need. Enjoy this Succession Stories episode about business legacy and succession planning with Rocco Cozza. Listen in to learn more about: Critical aspects of planning Finding your business legacy Ways to mitigate risk as you plan aheadAchieving exit success without regrets Find Rocco here: https://www.cozzalaw.com/ ❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify _______________________________________ My Links: 🌐 Website: https://TheBusinessTransitionSherpa.com ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options" 🎙 Podcast: https://podfollow.com/succession-stories 🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa _______________________________________ 📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com OR text TRANSITION to +1-762-320-2826 _______________________________________ ONLINE MASTERCLASS COMING SOON: "Endgame Entrepreneurship: Build With The Exit In Mind" Join the waitlist: https://thebusinesstransitionsherpa.com/course/
143: Benefits of Strategic Planning For Transition, John Denny
Dec 17 2023
143: Benefits of Strategic Planning For Transition, John Denny
Succession Stories host Laurie Barkman, The Business Transition Sherpa(™), welcomes John Denny, Principal of Denny Civic Solutions and the first client Laurie brought onto the show. In this episode, Laurie and John tackle a topic close to Laurie’s heart – succession planning and ownership transition. Listen in as they explore the keys to successful exits without regrets, the nuances of envisioning your business legacy, and discuss critical aspects of planning for the future. They also highlighted that planning succession isn't taboo; it's an essential conversation for every business owner's future. Enjoy this Succession Stories episode on ownership succession and legacy with John Denny.   Find John here: https://www.dennycivicsolutions.com/ ❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify _______________________________________ My Links: 🌐 Website: https://TheBusinessTransitionSherpa.com ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options" 🎙 Podcast: https://podfollow.com/succession-stories 🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa _______________________________________ 📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com OR text TRANSITION to +1-762-320-2826
142: Post-Transaction Tax Strategies, Chuck Goldblum
Dec 3 2023
142: Post-Transaction Tax Strategies, Chuck Goldblum
Succession Stories host Laurie Barkman, The Business Transition Sherpa(™), welcomes Chuck Goldblum, Founder and Financial Strategist of Hurley Capital. Today's episode is critical if you’re planning to sell your business. Laurie and Chuck discuss a topic many owners want to know more about – maximizing net proceeds after a sale.  Listen in as they explore tax strategies when you’re planning to sell your business, navigating life after the sale, and pivotal success factors for a regret-free exit.  Being proactive can pay off because you need time to implement these strategies. Plan the work, and work the plan. Enjoy this Succession Stories episode about post-transaction tax strategies to navigate life after the sale with Chuck Goldblum. Find Chuck Here: https:/hurleycapital.com/ ❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify _______________________________________ My Links: ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 🎙 Podcast: https://podfollow.com/succession-stories 🌐 Website: https://TheBusinessTransitionSherpa.com 🎥 YouTube: https://www.youtube.com/@successionstoriespodcast 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa _______________________________________ 📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com OR text TRANSITION to +1-762-320-2826
141: Winning at Organic Growth with Shawn O'Malley at "We Study Markets"
Nov 21 2023
141: Winning at Organic Growth with Shawn O'Malley at "We Study Markets"
Succession Stories host Laurie Barkman, The Business Transition Sherpa™, welcomes Shawn O’Malley, Chief Editor and Financial Writer for "We Study Markets" at The Investor's Podcast Network.  “We Study Markets” financial newsletter has quickly gained traction with 36,000 daily readers at the time of this recording. The essence of this episode is about organic growth and intrapreneurship – building a new business within an existing enterprise. Shawn is working at the intersection of unmet market potential and Gen Z creativity.  Listen in as Laurie and Shawn discuss the challenges of building a startup within an established company; the power of trust; learning from failures; and how curiosity fosters continuous learning. "When you’re young…it's okay to fail and make a lot of mistakes. As Ray Dalio said, “Pain plus reflection equals growth or progress." Hear what’s motivating a Gen Z leader early in his career– something many companies strive to better understand for talent development.   Find Shawn O'Malley and "We Study Markets" Here:  "We Study Markets" newsletter: https://westudymarkets.beehiiv.com/ The Investors Podcast: https://www.theinvestorspodcast.com/ Shawn O'Malley on Twitter: https://twitter.com/Shawn_OMalley_   ❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify _______________________________________ My Links: ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 🎙 Podcast: https://podfollow.com/succession-stories 🌐 Website: https://TheBusinessTransitionSherpa.com 🎥 YouTube: https://www.youtube.com/@successionstoriespodcast 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa _______________________________________ 📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com OR text TRANSITION to +1-762-320-2826
140: Exploring Ownership Succession and Legacy with Ken Rusk
Nov 19 2023
140: Exploring Ownership Succession and Legacy with Ken Rusk
Succession Stories host Laurie Barkman, The Business Transition Sherpa™, welcomes Ken Rusk, founder of Rusk Industries.  Ken's journey is a blueprint for blue-collar entrepreneurship. He’s on a mission to redefine the narrative around blue-collar jobs in his book, "Blue Collar Cash.”  Laurie and Ken explore the topics of ownership succession, sale to an ESOP, and the legacy hopes to leave on the company and beyond. “We don't live to work, we work so that we can live.” Stay tuned for an inspiring conversation that might just shift your perspective on work, success, and the journey to building your dream life.    Find Ken Here: kenrusk.com   ❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify _______________________________________ My Links: ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 🎙 Podcast: https://podfollow.com/succession-stories 🌐 Website: https://TheBusinessTransitionSherpa.com 🎥 YouTube: https://www.youtube.com/@successionstoriespodcast 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa _______________________________________ 📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com OR text TRANSITION to +1-762-320-2826
139: How Transferable Are Your Business Assets? Heather Pearce Campbell
Nov 12 2023
139: How Transferable Are Your Business Assets? Heather Pearce Campbell
Succession Stories host Laurie Barkman, The Business Transition Sherpa(™), welcomes Heather Pearce Campbell, The Legal Website Warrior. Heather equips entrepreneurs with tools to champion positive change and safeguard businesses.  Her passion for working with entrepreneurs extends to her popular podcast “Guts, Grit, and Great Business.”. Laurie and Heather discuss protecting the transferability of your business assets. It’s as much about legal protection as it is about value protection.  Heather shares ways to protect the assets in your business and proactive problem prevention when the time comes for a business transition. When you’re building and scaling, you’ll want to close the legal gaps needed to ensure a smooth and lucrative transition in the future.  Find Heather Here:  legalwebsitewarrior.com   ❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify _______________________________________ My Links: ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 🎙 Podcast: https://podfollow.com/succession-stories 🌐 Website: https://TheBusinessTransitionSherpa.com 🎥 YouTube: https://www.youtube.com/@successionstoriespodcast 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa _______________________________________ 📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com OR text TRANSITION to +1-762-320-2826
138: How To Maximize Wealth and Your Legacy, Tim Scannell
Nov 5 2023
138: How To Maximize Wealth and Your Legacy, Tim Scannell
Succession Stories host Laurie Barkman, The Business Transition Sherpa(TM), welcomes Tim Scannell, Managing Director, Partner at Hightower Great Lakes. Tim is the Managing Director at Hightower Great Lakes and host of "The Wealth Stream Podcast."  As an expert in proactive wealth management and tax planning, Tim guides families and business owners toward their financial aspirations. Laurie and Tim pull back the curtain on what a virtual family office is and what value they provide to owners and enterprising families.  Learn how you can prepare for a successful exit and safeguard your assets.The process can take two to three years and you’ll want to get professionals involved up front. Enjoy this Succession Stories episode to maximize wealth and preserve your financial legacy. Listen to learn more about: Wealth Management ProcessWorking With AdvisorsParallel Path PlanningWhat is a Virtual Family Office Find Tim Here: https://hightowergreatlakes.com/ ❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify _______________________________________ My Links: ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 🎙 Podcast: https://podfollow.com/succession-stories 🌐 Website: https://TheBusinessTransitionSherpa.com 🎥 YouTube: https://www.youtube.com/@successionstoriespodcast 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa _______________________________________ 📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com OR text TRANSITION to +1-762-320-2826
137: Planning for the Unexpected In Your Business, Pat Ennis
Oct 29 2023
137: Planning for the Unexpected In Your Business, Pat Ennis
Succession Stories host, Laurie Barkman, is joined by Pat Ennis, Founder of Ennis Legacy Partners. With decades of experience in financial services, Pat has extensive understanding of the challenges business owners face. Because 100% of owners will eventually exit, it's important to understand the 6Ds– risks that can derail a business like death, divorce, and disasters. Understandably these risks can feel like taboo topics so that’s why we’re diving in.  “Owners need a plan to prepare the business to maintain essential functions to avoid potential disaster or crisis.” Learn why having an ownership contingency plan can enable you to preserve your business legacy, ensure business continuity, and prepare potential successors. Listen in to learn more about: Importance of Planning6 Ds and Business ContinuityAvoiding Business DissolutionKey Planning Steps   Find Pat Here: https://ennislp.com/   My Links: ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 🎙 Podcast: https://podfollow.com/succession-stories 🌐 Website: https://TheBusinessTransitionSherpa.com 🎥 YouTube: https://www.youtube.com/@successionstoriespodcast 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa     📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com OR text TRANSITION to +1-762-320-2826   ❤️ Show us the love:  Submit a review on Apple Podcasts or Spotify
136: Reasons Why Your Business Won't Sell and What To Fix Now, Christine Nicholson
Oct 23 2023
136: Reasons Why Your Business Won't Sell and What To Fix Now, Christine Nicholson
A majority of small businesses that intend to exit don’t actually sell. A big reason is owner-dependency. A business that can’t thrive without its owner will likely be less desirable to buyers. Listen in as Succession Stories host Laurie Barkman, The Business Transition Sherpa, talks with Christine Nicholson, an award-winning business mentor in the UK. An expert on exit and succession planning in owner-managed businesses, Christine is the author of four books offering practical advice on running better businesses including her latest book, “SELL IT,” helping business owners get their business and themselves ready for the hardest part of the entrepreneurial journey, leaving their business in the hands of others.  Enjoy this Succession Stories episode to learn why your business won’t sell and what you can fix now.   Find Christine Here: https://www.businessmentoruk.com/   My Links: ⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/ 🎙 Podcast: https://podfollow.com/succession-stories 🌐 Website: https://TheBusinessTransitionSherpa.com 🎥 YouTube: https://www.youtube.com/@successionstoriespodcast 😎 Instagram: https://www.instagram.com/lauriebarkman/ ✖️ Twitter: https://twitter.com/LaurieBarkman 😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa     📘 THE BUSINESS TRANSITION HANDBOOK: Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:  https://thebusinesstransitionhandbook.com OR text TRANSITION to +1-762-320-2826   ❤️ Show us the love:  Submit a review on Apple Podcasts or Spotify