The Business Transition Handbook, Laurie Barkman on The Wayfinder Show

August 19, 2024•1 min read

Laurie Barkman joins host Luis Hernandez for a compelling discussion on setting up businesses for successful exits and successions. Known as the ‘Business Transition Sherpa,’ Laurie shares her journey from founding and leading a $100 million revenue company to selling it to a Fortune 50 giant.

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In this episode, Laurie delves into key concepts from her book, The Business Transition Handbook, and her podcast, Succession Stories. Sh emphasizes the importance of building value with the end in mind, understanding the right future owner for your business, and distinguishing between exits and succession.

Laurie’s actionable advice on creating transferable business processes, preparing for transitions, and leveraging acquisitions as a growth strategy is a must-listen for entrepreneurs. Don’t miss the insights and real-world case studies that could transform your business strategy.

SHOW LINKS
Website: https://www.wayfindershow.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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