897: Laurie Barkman on Thrive LouD

897: Laurie Barkman on Thrive LouD

October 27, 20231 min read

Consider this: 100% of business owners will leave their business one day. But few are prepared.

Consider this: 100% of business owners will leave their business one day. But few are prepared.Laurie Barkman, the business transition sherpa, joins host, Lou Diamond. As a mergers and acquisitions advisor, Laurie provides a structured process for business owners to plan successful transitions of their companies.

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She dives deep into her book, “The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options.” This book demystifies the often overwhelming exit process, guiding business owners who are considering leaving their ventures or simply beginning to think about their next steps.

Laurie returns to Thrive LouD and shares how her book and podcast are essential resources to business owners everywhere.

Show Links:

Website: https://www.thriveloud.com/

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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