A critical truth: 100% of business owners will eventually leave their company. Yet, only a small percentage actively plan for this transition. The reasons behind a business owner’s exit can largely be categorized as either running away or running toward something new. Understanding these motivations is key to ensuring a smooth and successful transition.
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 complex and sometimes daunting process of business transition. I see entrepreneurship as an expedition, one with a natural progression that requires careful navigation. I don’t have all the answers, but I do have a process, and I’ll be with you every step of the way.
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 complex and sometimes daunting process of business transition. I see entrepreneurship as an expedition, one with a natural progression that requires careful navigation. I don’t have all the answers, but I do have a process, and I’ll be with you every step of the way.
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 50 giant.
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