How to Build a Business Transition Plan with Laurie Barkman » Succeed As Your Own Boss

Laurie Barkman is the founder and CEO of SmallDotBig LLC, a strategy advisory firm for organization homeowners to maximize the value of their company anticipating a foreseeable future ownership changeover. On top of that, she is a Husband or wife with Stony Hill Advisors, an M&A​ ​firm symbolizing corporations on the buy-facet or provide-aspect of transactions. Throughout her 25+ calendar year career, Laurie has made benefit by means of digital transformation at firms ranging from big enterprises to startups, including American Eagle Outfitters, Ingersoll-Rand, Topanga Associates, MediaSite, JazzHR, Burns White, and The Art Institutes. As host of the Succession Stories Podcast, Laurie curates conversations with upcoming-generation entrepreneurs. You can uncover her exhibit where ever you hear to podcasts.

Laurie has joined me to explore the thought of business enterprise acquisitions from both of those the seller’s and the buyer’s perspectives. She tells us how you can establish the hazards in your business that prospective consumers may see and how emotions can effect the ability to market your business enterprise. She talks about the importance of not owning your enterprise revolve around you but developing it in this sort of a way that it can exist independently, and the nuance in between remaining a business enterprise operator and owning a company. We also contact on ways in which you can create an desirable business from the get started, increasing organically vs escalating by means of acquisitions, and the information and facts and variables at the rear of obtaining an exact worth estimation for your small business. For more details, go to the connection below to Laurie’s podcast, “Succession Stories”.

“If you want to construct a business enterprise that a person working day will thrive without you, then you will set the training course now.” – Laurie Barkman

Hear to the podcast below:

 

This week on SmallBizChat Podcast:

• Why are some enterprises seemingly unsellable?
• In which are the dangers in your company?
• How to get ready for a organization changeover
• The best way to transition your enterprise to your household or small children
• How to keep emotion out of the promoting approach
• Figuring out what your small business is worth
• Procedures for escalating value in your business
• Common pitfalls of mergers and acquisitions

Suitable Sources:

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