Guiding Businesses From Transition to Transaction, Laurie Barkman on Your Business, Your Life

Guiding Businesses From Transition to Transaction, Laurie Barkman on Your Business, Your Life

August 28, 20231 min read

Without proper guidance and careful planning, it can be difficult to know where to start when considering how best to transition ownership and ensure profitable continuity for yourself and future owners.

Furthermore, understanding the pitfalls of succession planning and developing clear exit options before any transactions occur is essential in creating positive long-term outcomes for all parties involved.

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Laurie Barkman, The Business Transition Sherpa, Author, and M&A Advisor, joins host of Your Business, Your Life, Matt DiFrancesco, as they talk about how entrepreneurs can approach transitioning their businesses from transactional model efforts to more strategic initiatives —and what measures need to be taken to avoid common missteps along the way.

Show Links:

Website: https://highliftfinancial.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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