165: How to Overcome Personal Fears, Heather Penny

165: How to Overcome Personal Fears, Heather Penny

July 05, 20241 min read

We all go through transition times in our lives.

Personal transition is hard. You’ve probably heard me say that 75% of owners express regrets one year after selling. I’m on a mission to break the cycle.

What do we fear in times of transition?

How do we develop a vision for ourselves beyond today?

When it comes to business transition, the identity we have – business owner, CEO, leader, family member, all play a part.

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Heather Penny is the author of “The Life You’re Made For” and “Grace Space.” She works with business leaders on ways to embrace change. How can we anticipate life changes and take hold of them, embrace them, so they don’t control us?

I invited Heather to the show to talk about transitions in life and business. What do we fear in times of transition?

Again, it’s probably back to our identity. All play a part about how we feel about our future. By anticipating changes, taking hold of change, and embracing it, you’re controlling your destiny rather than watching and waiting…and maybe regretting.

Enjoy this Succession Stories episode about overcoming personal fears in business transition with Heather Penny.

 

Find Heather Penny Here: 

https://heatherpenny.com/
https://heatherpenny.com/podcast/
https://www.linkedin.com/in/heather-penny-ph-d-61840414/

❤️ Show us the love on Rate This Podcast: https://ratethispodcast.com/successionstories

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BUYERS BUY ON THEIR TIME, NOT YOURS. WILL YOU BE READY?

Learn more about the Endgame Entrepreneurship Masterclass and build with your exit in mind. 

https://btsherpa.com/course

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My Links:

🌐 Website: https://btsherpa.com

⏰️ Meet With Laurie: https://btsherpa.com/connect

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📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free digital copy of “The Business Transition Handbook: How To Avoid Succession Pitfalls and Create Valuable Exit Options” by author Laurie Barkman: 

https://btsherpa.com/book

Laurie Barkman

Laurie Barkman, The Business Transition Sherpa, emphasizes the importance of planning for the exit of a business, citing that only 20% of companies in the lower middle market have an intention to sell. She highlights the need for an ownership succession plan, estimating the value of the business, addressing risk tripwires, and embracing a sell-ready mindset.

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