How to Build a Business Transition Plan with Laurie Barkman » Succeed As Your Own Boss
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Laurie Barkman is the founder and CEO of SmallDotBig LLC, a strategy advisory organization for business entrepreneurs to optimize the benefit of their organization anticipating a foreseeable future possession changeover. Moreover, she is a Spouse with Stony Hill Advisors, an M&A firm symbolizing firms on the get-facet or promote-facet of transactions. Through her 25+ 12 months vocation, Laurie has established benefit by digital transformation at organizations ranging from large enterprises to startups, like American Eagle Outfitters, Ingersoll-Rand, Topanga Partners, MediaSite, JazzHR, Burns White, and The Art Institutes. As host of the Succession Tales Podcast, Laurie curates conversations with following-generation entrepreneurs. You can uncover her present wherever you hear to podcasts.
Laurie has joined me to explore the strategy of enterprise acquisitions from each the seller’s and the buyer’s perspectives. She tells us how you can establish the threats in your small business that potential purchasers may well see and how thoughts can influence the skill to offer your enterprise. She talks about the significance of not possessing your company revolve all over on your own but setting up it in this sort of a way that it can exist independently, and the nuance between becoming a enterprise operator and possessing a business. We also touch on approaches in which you can develop an appealing organization from the get started, growing organically vs expanding by way of acquisitions, and the facts and elements guiding receiving an exact worth estimation for your business enterprise. For extra information, check out the website link beneath to Laurie’s podcast, “Succession Stories”.
“If you want to create a business enterprise that just one day will prosper with no you, then you will set the course now.” – Laurie Barkman
Pay attention to the podcast beneath:
This week on SmallBizChat Podcast:
- Why are some enterprises seemingly unsellable?
- The place are the risks in your small business?
- How to prepare for a business enterprise transition
- The best way to changeover your enterprise to your loved ones or children
- How to preserve emotion out of the selling course of action
- Figuring out what your business enterprise is really worth
- Techniques for escalating worth in your enterprise
- Widespread pitfalls of mergers and acquisitions
Suitable Assets:
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