In this enlightening episode, Laurie Barkman, a seasoned business transition strategist, discusses the dynamics of selling a business, the ideal time to sell, and the significance of expanding one's identity beyond one's business.Key Takeaways:➡️ Sell when your business is on an upward growth trajectory.➡️ It's challenging to time the market and focus on business trajectory and past performance.➡️ Consider life stages, not just age, when contemplating selling.➡️ Reverse-engineer your exit by thinking ahead and working backward.➡️ The legacy left for stakeholders is crucial when selling a business.➡️ Understand the value of your business and establish a time horizon for the transition.➡️ Commit to the process, clarify personal goals, and identify transition drivers.Laurie Barkman's Bio: Laurie Barkman is the seasoned owner of The Business Transition Sherpa, where she assists business owners in navigating the complexities of transitioning and selling their businesses. With extensive experience in the field, Laurie offers strategic insights, helping business owners maximize value and ensure successful exits. Her holistic approach is centered on expanding one's identity beyond just their business.Contact Information:Website: The Business Transition SherpaLinkedIn: Laurie BarkmanEmail: [email protected] for Show Notes:Why Americans Over 60 Never Want to RetireLearn more about your ad choices. Visit megaphone.fm/adchoices