In this episode of Selling the Dream, Doug Howard and Kathi Fleck discuss the critical importance of succession planning for business owners. They explore the CEPA certification, the philosophy behind exit planning, and the financial aspects that influence business value. The conversation emphasizes the need for business owners to understand their financial needs and the importance of planning well in advance for a successful transition. They also touch on the challenges of identifying sellable businesses and the role of time in the succession planning process.

In this episode of Selling the Dream, Doug Howard, Kathi Fleck are joined by Rick Baker to discuss the intricacies of succession planning for business owners. They explore the challenges faced during the transition, the importance of effective communication, delegation, and training, and the need for business valuation. The conversation also touches on the emotional aspects of preparing for retirement and the necessity of having contingency plans in place to navigate unforeseen challenges.

In this episode of Selling the Dream, Doug Howard and Kathi Fleck engage with Rick Baker, a seasoned entrepreneur in the remodeling industry, to discuss the critical topic of succession planning.

Rick shares his journey in business, the importance of preparing for retirement, and the steps he is taking to ensure a smooth transition for his company. The conversation highlights the challenges of business ownership, the significance of building a vision for the future, and the necessity of having a solid plan in place to enrich the lives of team members while ensuring the sustainability of the business.

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On this episode of Selling the Dream, Doug Howard and Kathi Fleck are joined by Paula Kruger to discuss the complexities of business transitions, focusing on Employee Stock Ownership Plans (ESOPs) as a viable option for business owners looking to sell. They explore the benefits of ESOPs for both sellers and employees, the importance of having a solid succession plan, and the challenges faced by family businesses during transitions. The conversation emphasizes the need for expert guidance in navigating these processes and highlights the potential long-term benefits of thoughtful planning.

In this episode of Selling the Dream, Doug Howard and Kathi Fleck discuss the critical importance of succession planning for business owners. They explore the misconceptions surrounding succession planning, emphasizing that it is not solely for those nearing retirement. The conversation highlights the need for early planning, understanding business valuation, and adapting to generational shifts in business ownership. Doug and Kathi stress the significance of having a clear succession plan to ensure business longevity and value, encouraging younger entrepreneurs to be proactive in their planning.

In this episode of Selling the Dream, Doug Howard and Kathi Fleck discuss the intricacies of selling a business with M&A advisor Paula Kruger. They explore the importance of preparing a business for sale, the role of accurate financials, and the necessity of expert guidance in the selling process. The conversation emphasizes the need for business owners to start planning early and to consider succession planning as a critical aspect of their business strategy. The episode concludes with insights on transitioning to life after selling a business and the importance of having a solid plan in place.

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In this episode of Selling the Dream, Doug Howard and Kathi Fleck engage in a thought-provoking conversation with Scott Couchenour about life transitions, identity, and the importance of coaching.

They explore the concept of life in quarters, discussing how individuals can design their lives intentionally rather than living by default. The discussion emphasizes the significance of understanding one's identity beyond career roles, especially during transitions such as retirement or business exits.

Scott shares insights on how to make a meaningful impact in later life stages and the value of coaching in navigating these changes.

In this episode of Selling the Dream, Doug Howard and Kathi Fleck discuss the critical topic of succession planning for business owners. They explore various options for transitioning ownership, including family members, leadership teams, and ESOPs. The conversation emphasizes the importance of preparing for leadership readiness, understanding family dynamics, and the necessity of having a clear organizational structure in place. Doug and Kathi also highlight the need for business owners to start planning well in advance of their desired exit date to ensure a smooth transition.

In this episode of Selling the Dream, Doug Howard and Kathi Fleck are joined by Scott Couchenour, a succession planning expert.

Scott shares his personal experience of unplanned and untimely business closure and how it led him to become a partner for business owners planning their exit. He emphasizes the importance of addressing the emotions and challenges that come with selling a business, such as conflict, emotional attachment, retirement anxiety, fear of regret, and loss of identity.

Scott also highlights the need for personal strategic planning, including identifying core values, strengths, and purpose, to create a fulfilling post-business life.

Click HERE to learn more about Scott and Serving Strong Enterprises.

In this episode, business coaches Doug Howard and Kathi Fleck discuss the process of selling a business and the importance of preparing for life after the sale. They emphasize that every business should be considered potentially sellable and that business owners should start thinking about the sale well in advance. They also highlight the need to have a clear vision of what life beyond the business will look like.

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