Avoiding Pitfalls From Business Transition to Transaction – Your Partner In Success™ Radio!

Avoiding Pitfalls From Business Transition to Transaction – Your Partner In Success™ Radio!

November 28, 20221 min read

Laurie Barkman joined host Denise Griffitts on Your Partner In Success Radio! to discuss how to avoid pitfalls from business transition to transaction.

Growing a business requires preparing and planning for the future in order to make it transferable. Laurie Barkman is teaching entrepreneurs about making their business firm by helping them maximize enterprise value, creating succession plans, and identifying M&A strategies. 80% of business owners want to stop working in their business in the next 5-10 years, but most have not planned for that transition. Many need to improve the business first.

Laurie Barkman is a “business transition sherpa.” With her firm, SmallDotBig, she advises owners on having more valuable, sellable businesses. And as a Partner with Stony Hill Advisors, a mergers and acquisitions firm, she guides them through the complex process of letting it go.

Laurie is the former CEO of a $100 million revenue company with an exit to a Fortune 50 company. With more than 25 years of C-Suite and award-winning marketing expertise, she provides actionable perspectives to drive sustainable value.

Engaging audiences across the US, Laurie is an Adjunct Professor of Entrepreneurship at Carnegie Mellon University, leads executive workshops with Vistage, and hosts an award-winning podcast called Succession Stories. Laurie earned her MBA from Carnegie Mellon and BS from Cornell University. She is a Certified Value Builder Advisor and has a Certificate from the Exit Planning Institute.

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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