Host Laurie Barkman, The Business Transition SherpaⓇ, is joined by Susan Keller, Founder of Entrepreneurial Executives. Susan advises businesses from startups to publicly traded companies on growth strategies and transactions.

Laurie talks with Susan as a fellow M&A Advisor about why it's valuable for entrepreneurs to get an early start with transition planning. A great place to begin is conducting a thorough business evaluation to identify what needs improvement in the business.

They also discuss the challenges of owner dependency, and separating your identity from the company. Emotional considerations can arise if not. Set an intention to separate yourself from your business to see what aspects of your culture and values a potential buyer might want to preserve.

Top 5 takeaways:

1. Complete a comprehensive business assessment to identify operational gaps and formulate a robust transition plan.
2. Approach projects from the perspective of a potential buyer to enhance the business's appeal in the market.
3. Create a clear CEO job description to recognize dependencies and optimize the business's value.
4. Conduct thorough due diligence on potential partners to ensure a seamless and beneficial transaction.
5. Foster collaboration among all parties involved to achieve a mutually beneficial deal and pave the way for a successful transition.

Find Susan Keller Here:

https://www.ceoatlas.com

https://www.linkedin.com/in/susanakeller/

❤️ Show us the love on Rate This Podcast: https://ratethispodcast.com/successionstories

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BUYERS BUY ON THEIR TIME, NOT YOURS. WILL YOU BE READY?

Learn more about the Endgame Entrepreneurship Masterclass and build with your exit in mind.

https://thebusinesstransitionsherpa.com/course/

_______________________________________

My Links:

🌐 Website: https://TheBusinessTransitionSherpa.com

⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/

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📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free digital copy of "The Business Transition Handbook: How To Avoid Succession Pitfalls and Create Valuable Exit Options" by author Laurie Barkman:

https://thebusinesstransitionhandbook.com

Host Laurie Barkman, The Business Transition Sherpa, talks with Jon Eesley, founder of Windsor Advisory Group. With over 27 years of experience working with privately held businesses, Jon has helped countless business owners navigate the complexities of succession planning. His approach focuses on understanding clients' personal goals and values to develop financial strategies that support their vision.

Laurie and Jon discuss ways to approach the transition planning process to overcome fear by leaning in on your personal motivations and vision for your legacy. Learn how to clarify your purpose beyond financial gains. Plan a succession that combines your head, heart, and calculator to ensure future generations maintain the family legacy.

Listen in to learn more about:

• Strategies for clarifying your personal motivations beyond financial security
• Best practices for establishing clear family values and legacy
• Ensuring you find fulfillment in your next chapter beyond financial gains
• Questions to consider about your role and purpose before transitioning your business
• Advice for prioritizing purpose over legalities in your succession plan

Enjoy this Succession Stories episode on preparing for a successful ownership transition with Jon Eesley.

Find Jon Easley Here: https://windsoradvisorygroup.com/

❤️ Show us the love on Rate This Podcast: https://ratethispodcast.com/successionstories

_______________________________________

BUYERS BUY ON THEIR TIME, NOT YOURS. WILL YOU BE READY?

Learn more about the Endgame Entrepreneurship Masterclass and build with your exit in mind.

https://thebusinesstransitionsherpa.com/course/

_______________________________________

My Links:

🌐 Website: https://TheBusinessTransitionSherpa.com

⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/

_______________________________________

📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free digital copy of "The Business Transition Handbook: How To Avoid Succession Pitfalls and Create Valuable Exit Options" by author Laurie Barkman:

https://thebusinesstransitionhandbook.com

Host Laurie Barkman, The Business Transition SherpaⓇ, is joined by Darryl Bates-Brownsword, Managing Partner of Succession Plus in the UK. He hosts The Exit Insights Podcast and is a business consultant with over two decades of experience building and selling companies.

They discuss the importance of preparing for business exits and scaling entrepreneurial ventures. For business transition, you need a well-thought-out plan, valuation growth, and clear vision for the future.

Listen in to learn more about:

• Making a mindset shift from revenue growth to valuation growth to make a business more attractive for exit.

• Beginning with the end in mind to know what you want as an outcome from exiting your business and what your vision is for after exiting.

• Planning the "earnout period" before exiting to de-risk the business transaction

Show Links:

https://succession.plus/us/

https://www.linkedin.com/in/darrylbates-brownsword/

https://succession.plus/uk/podcasts-uk/how-to-objectively-value-your-business-for-maximum-exit-success/

❤️ Show us the love on Rate This Podcast: https://ratethispodcast.com/successionstories

_______________________________________

ENDGAME ENTREPRENEURSHIP MASTERCLASS

LEARN HOW TO MAXIMIZE VALUE AND EXIT ON YOUR TERMS:

https://thebusinesstransitionsherpa.com/course/

_______________________________________

📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free digital copy of "The Business Transition Handbook" by author Laurie Barkman:

https://thebusinesstransitionhandbook.com

Guest Bio:

Darryl Bates-Brownsword is a dynamic, driven Business Consultant and Coach with over 20 years of experience and passion for creating successful outcomes for founder-led businesses. He is a great connector, team builder, problem solver, and inspirer — showing the way through complexity to simplicity. He has built two international multi-million revenue businesses; one now operating in 16 countries. His quick and analytical approach cuts through to the core issues quickly and identifies the context. He challenges the status quo and gets consistent, repeatable and reliable business results.