The Business Transition Sherpa, Laurie Barkman on The Selling Show

The Business Transition Sherpa, Laurie Barkman on The Selling Show

September 29, 20231 min read

In this episode, Laurie joins host, David Newman and talks about what to avoid when transitioning out of a business, detaching yourself in a healthy way, when to plan for an exit, and much more! She is on a mission to help business owners build generational wealth. Laurie advises owners on how to create more valuable businesses and find the right buyer when it’s time to let go.

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Key takeaways:

  • Mistakes made in business transitions

  • Exit strategies

  • Mindset traps and resets

  • Train, delegate, build

  • When your business should be ready to be sold

  • Strategic, financial, and related buyers

  • Productizing a service

 

 

Show Links:
Website: https://doitmarketing.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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