A Guide to Business Transitions for Architects, Laurie Barkman on EntreArchitects

May 14, 2024•1 min read

In this episode, Laurie Barkman–The Business Transition Sherpa–delves into the critical importance of architects initiating transition planning early in their careers, stressing the immense benefits it offers both financially and personally.

Drawing from her extensive experience as the former CEO of a $100 million revenue company, Laurie sheds light on the nuances between exit planning, contingency planning, and succession planning, all while emphasizing the significance of adopting a transition mindset. Whether you’re a budding architect launching a startup or an established firm owner eyeing the next phase, Laurie offers invaluable insights tailored to every stage of your career trajectory.

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Discover the key factors that elevate the value of architectural firms and gain expert guidance on navigating the labyrinth of finding the perfect buyer for your firm. Laurie’s structured approach, honed through years of experience as a mergers and acquisitions advisor, promises a seamless transition process for business owners.

Don’t miss this episode packed with actionable advice and strategic wisdom from Laurie Barkman, as she equips architects with the tools they need to sculpt a prosperous future for their firms.

SHOW LINKS

Website: https://entrearchitect.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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