Overcoming Succession Pitfalls, Laurie Barkman on Work At Home Rockstars

June 18, 2024•1 min read

In this episode of the Work at Home Rockstar podcast, Laurie Barkman, also known as the Business Transition Sherpa, joins host Tim Melanson. Laurie shares her journey of becoming a CEO, the challenges of customer concentration risk, and the importance of planning for business succession and exit strategies.

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She emphasizes the value of certifications, continuous learning, and the importance of thinking about the end game when building a business. Laurie also discusses her new course, ‘End Game Entrepreneurship,’ and offers valuable insights and tools for small business owners to create valuable exit options and avoid pitfalls in succession planning.

SHOW LINKS
Website: https://workathomerockstar.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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