Solocast with Laurie Barkman, show host and business transition sherpa. Laurie discusses a critical owner succession pitfall to avoid. You don't know what you will do after you leave the business. Personal readiness is an important aspect of business transition planning, and it's often overlooked. Being emotionally unprepared for the transition can lead to feelings of loss and a lack of purpose. Many owners struggle with the decision within 12 months of selling their business. What can you do now to avoid succession regrets?

Listen in to learn more about:

• Why owners feel pushed out of their business when they leave

• Key drivers for exiting without regrets

• Know what's important to you for personal transition

• Seller notes, earnouts, and recapitalization strategies

• Take a personal readiness to exit assessment

 

Show Links:

• Complete Personal Readiness Assessment at MyTransitionScore.com

• Order “The Business Transition Handbook” on Amazon https://amzn.to/3Hqj2eo

• Subscribe to Succession Stories YouTube Channel

• Connect with Laurie Barkman on LinkedIn: https://www.linkedin.com/in/lauriebarkman/

• Subscribe to The Business Transition Newsletter-- text Transition to +1-646-495-9867

 

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About Succession Stories Podcast

Succession Stories is an award-winning podcast guiding entrepreneurs from transition to transaction. Hosted by Laurie Barkman, author of "The Business Transition Handbook: How to Avoid Transition Pitfalls and Create Valuable Exit Options." 

Learn more about Laurie's strategic business transition planning and M&A advisory services by visiting: https://thebusinesstransitionsherpa.com 

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SHOW SPONSOR: STONY HILL ADVISORS

Is this the year to sell your company? Don't leave your exit to chance.

Stony Hill Advisors works with owners like you to get ready and maximize value when you're ready to sell.

Visit www.stonyhilladvisors.com/podcast for a complimentary business valuation.