Avoiding Succession Pitfalls, Laurie Barkman on Exit Readiness Podcast

Avoiding Succession Pitfalls, Laurie Barkman on Exit Readiness Podcast

Succession Stories| Appearances| Exit Value| Sell or Transition
August 08, 2023•1 min read

As with any strategic planning it’s as important to know what pitfalls to avoid as much as it is what actions to take or put in place. And there are not a few pitfalls to avoid when planning your exit which is most often the most significant and impactful event and transaction of their life as a business owner.

Laurie Barkman, the business transition sherpa, talks with Exit Readiness show host Pat Ennis about the more common pitfalls to avoid.

Laurie is the former CEO of a $100 million revenue company that was sold to a Fortune 50. She is an mergers and acquisitions advisor, exit planner and author of “The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Exit Options.”

Show Links:

Pat’s LinkedIn: https://www.linkedin.com/in/pat-ennis

Ennis Legacy Partners Website: https://ennislp.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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