Pathways to Successful Business Transitions, Laurie Barkman on The IC-DISC Show

January 13, 2024•1 min read

Today on the IC-DISC show, Laurie Barkman, a renowned CEO and author of The Business Transition Handbook, joins host, David Spray, for an insightful discussion. As the acclaimed Business Transition Sherpa, Laurie sheds light on the reality that all business owners will exit someday.

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They explore the challenges of selling a business, like why most small businesses don’t sell successfully and the potential pitfalls. They also discuss relying on experienced advisors and how understanding taxes and markets can aid planning. Laurie shares invaluable advice on navigating this critical phase successfully. This episode is a must-listen for any business owner planning to navigate their business transition.

SHOW LINKS:

Website: https://www.ic-discshow.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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