Succession Stories

Succession Stories host Laurie Barkman, The Business Transition Sherpa(TM), welcomes Tim Scannell, Managing Director, Partner at Hightower Great Lakes. Tim is the Managing Director at Hightower Great Lakes and host of "The Wealth Stream Podcast."

As an expert in proactive wealth management and tax planning, Tim guides families and business owners toward their financial aspirations.

Laurie and Tim pull back the curtain on what a virtual family office is and what value they provide to owners and enterprising families.

Learn how you can prepare for a successful exit and safeguard your assets.The process can take two to three years and you'll want to get professionals involved up front.

Enjoy this Succession Stories episode to maximize wealth and preserve your financial legacy.

Listen to learn more about:

• Wealth Management Process
• Working With Advisors
• Parallel Path Planning
• What is a Virtual Family Office

Find Tim Here: https://hightowergreatlakes.com/

❤️ Show us the love: Submit a review for "Succession Stories" on Apple Podcasts or Spotify

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My Links:

⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/

🎙 Podcast: https://podfollow.com/succession-stories

🌐 Website: https://TheBusinessTransitionSherpa.com

🎥 YouTube: https://www.youtube.com/@successionstoriespodcast

😎 Instagram: https://www.instagram.com/lauriebarkman/

✖️ Twitter: https://twitter.com/LaurieBarkman

😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa

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📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:

https://thebusinesstransitionhandbook.com

OR text TRANSITION to +1-762-320-2826

Succession Stories host, Laurie Barkman, is joined by Pat Ennis, Founder of Ennis Legacy Partners. With decades of experience in financial services, Pat has extensive understanding of the challenges business owners face.

Because 100% of owners will eventually exit, it's important to understand the 6Ds– risks that can derail a business like death, divorce, and disasters. Understandably these risks can feel like taboo topics so that's why we're diving in.

"Owners need a plan to prepare the business to maintain essential functions to avoid potential disaster or crisis."

Learn why having an ownership contingency plan can enable you to preserve your business legacy, ensure business continuity, and prepare potential successors.

Listen in to learn more about:

• Importance of Planning
• 6 Ds and Business Continuity
• Avoiding Business Dissolution
• Key Planning Steps

Find Pat Here: https://ennislp.com/

My Links:

⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/

🎙 Podcast: https://podfollow.com/succession-stories

🌐 Website: https://TheBusinessTransitionSherpa.com

🎥 YouTube: https://www.youtube.com/@successionstoriespodcast

😎 Instagram: https://www.instagram.com/lauriebarkman/

✖️ Twitter: https://twitter.com/LaurieBarkman

😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa

📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:

https://thebusinesstransitionhandbook.com

OR text TRANSITION to +1-762-320-2826

❤️ Show us the love: Submit a review on Apple Podcasts or Spotify

A majority of small businesses that intend to exit don't actually sell. A big reason is owner-dependency. A business that can't thrive without its owner will likely be less desirable to buyers.

Listen in as Succession Stories host Laurie Barkman, The Business Transition Sherpa, talks with Christine Nicholson, an award-winning business mentor in the UK. An expert on exit and succession planning in owner-managed businesses, Christine is the author of four books offering practical advice on running better businesses including her latest book, "SELL IT," helping business owners get their business and themselves ready for the hardest part of the entrepreneurial journey, leaving their business in the hands of others.

Enjoy this Succession Stories episode to learn why your business won't sell and what you can fix now.

Find Christine Here: https://www.businessmentoruk.com/

My Links:

⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/

🎙 Podcast: https://podfollow.com/succession-stories

🌐 Website: https://TheBusinessTransitionSherpa.com

🎥 YouTube: https://www.youtube.com/@successionstoriespodcast

😎 Instagram: https://www.instagram.com/lauriebarkman/

✖️ Twitter: https://twitter.com/LaurieBarkman

😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa

📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:

https://thebusinesstransitionhandbook.com

OR text TRANSITION to +1-762-320-2826

❤️ Show us the love: Submit a review on Apple Podcasts or Spotify

Pete Walsh is a Master Coach and a trusted advisor who brings real-life lessons to his family business and executive clients. Pete is the first guest on Succession Stories who turned down next generation succession.

In 1919, Pete's great uncle and grandfather started Walsh Bros. as a typewriter repair company in the times of the US wild west. As the 3rd generation, Pete joined the business and slowly worked his way up the company ladder. There were lots of owner branches on the family tree, and Pete felt that the road to autonomy and ownership was too much of an uphill journey. He said no to family business succession and ventured out on his own. Years later, the family sold the business to Target Corporation bringing an end to Walsh Bros after a successful 89-year run.

Pete followed his passion for leadership development and coaches family businesses across the US. He is also the author of The Family Business Playbook that includes some timeless advice from his grandfather.

Listen in as Pete joins host Laurie Barkman for a great conversation about family business performance and what it takes to win. Enjoy this Succession Stories episode about turning down the family business with Pete Walsh.

Find Pete Walsh Here: https://familybusinessperformance.com

My Links:

⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/

🎙 Podcast: https://podfollow.com/succession-stories

🌐 Website: https://TheBusinessTransitionSherpa.com

🎥 YouTube: https://www.youtube.com/@successionstoriespodcast

😎 Instagram: https://www.instagram.com/lauriebarkman/

✖️ Twitter: https://twitter.com/LaurieBarkman

😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa

📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:

https://thebusinesstransitionhandbook.com

OR text TRANSITION to +1-762-320-2826

❤️ Show us the love: Submit a review on Apple Podcasts or Spotify

Christopher A. Panagiotu is a respected financial author, podcaster, and trusted wealth manager. His financial planning business in Washington state, CAPitalize Your Finances, led him to create a podcast and book of the same name, "CAPitalize Your Finances: The How-To Financial Framework That Takes You from Compoundingly Clueless to Monetarily Magnificent."

Chris joins Succession Stories host Laurie Barkman to discuss what eventually all business owners need to determine about their exit and financial future.

Know what you need to live on so you don't find yourself surprised if the after-tax number doesn't fully meet your retirement needs.

Listen in as they talk about ways business owners can capitalize for retirement today. Why you should work with an M&A Advisor to reverse engineer what you think you are going to sell that business for, and know what you actually need to live on during retirement -- that way, if there's a gap you'll have time to close it.

Enjoy this Succession Stories episode about how business owners can capitalize their retirement with Chris Panagiotu.

Find Chris Here: https://capitalizeyourfinances.com/

My Links:

⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/

🎙 Podcast: https://podfollow.com/succession-stories

🌐 Website: https://TheBusinessTransitionSherpa.com

🎥 YouTube: https://www.youtube.com/@successionstoriespodcast

😎 Instagram: https://www.instagram.com/lauriebarkman/

✖️ Twitter: https://twitter.com/LaurieBarkman

😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa

📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:

https://thebusinesstransitionhandbook.com

OR text TRANSITION to +1-762-320-2826

❤️ Show us the love: Submit a review on Apple Podcasts or Spotify

Rick Vanasse advises CEOs and rising leaders as Chair with Vistage, a global membership organization. He's like a CEO whisperer, creating space for leaders to address strategic questions from an organizational, personal, and business standpoint. Rick chairs Vistage groups in DC, Baltimore, and Annapolis, Maryland.

Listen in as Succession Stories host Laurie Barkman talks with Rick about growth and self-awareness as a leader; taking a strategic view from the balcony; and why strategic transition planning done well includes the emotional and personal side, not just the practical stuff. "Not doing strategic transition planning is as dangerous as not doing strategic business planning."

Enjoy this episode about not standing in the way of your business growth and transition with Rick Vanasse.

Find Rick Here: [email protected]

My Links:

⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/

🎙 Podcast: https://podfollow.com/succession-stories

🌐 Website: https://TheBusinessTransitionSherpa.com

🎥 YouTube: https://www.youtube.com/@successionstoriespodcast

😎 Instagram: https://www.instagram.com/lauriebarkman/

✖️ Twitter: https://twitter.com/LaurieBarkman

😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa

📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:

https://thebusinesstransitionhandbook.com

OR text TRANSITION to +1-762-320-2826

❤️ Show us the love: Submit a review on Apple Podcasts or Spotify

This episode provides great questions to help you think about what can protect your business and create wealth. Brian Trzcinski, Director of Business Market Development with MassMutual, joins host Laurie Barkman to discuss questions business owners need to answer to enhance value and reduce risk. Like what would your business be worth today if you died 90 days ago? And why should exit planning begin the day your doors open? Head to SuccessionStories.com for the show notes and transcript to get all the questions you need to be considering. Enjoy this Succession Stories episode about soul-searching questions for exit planning with Brian Trzcinski.

Learn more about:

• The importance of having an exit plan
• Risk Pillars of Success
• The first question business owners need to answer
• How health issues can impact value
• The value of not waiting too long to plan your exit

Show Links:

MassMutual - Resources for Business Owners

SuccessionStories.com

Schedule a call with Laurie Barkman to discuss transition planning: https://thebusinesstransitionsherpa.com

THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:

https://thebusinesstransitionhandbook.com

OR text TRANSITION to +1 (762)320-2826

SHOW US THE LOVE:

FOLLOW Succession Stories wherever you listen

WRITE a review on Apple Podcasts

SUBSCRIBE on YouTube

When it comes to family business succession, will dysfunction prevail? Eva Fischer was the chair of the family business, Brunata, one of Scandinavia's largest clean-tech companies, and at the helm during its turnaround. Eva talks candidly with host Laurie Barkman about how the business consumed the family, and caused relationships to become dysfunctional.

Family problems became company problems and there was a negative spiral. Eva was a dark horse in a succession process that eventually led to the sale of the 450+ employee business to a strategic buyer in Germany. Now as a family business advisor and speaker, Eva serves on the board of Family Business Network Denmark, and promotes openness about succession.

There are better paths you can take by having strong communications, succession planning, and good governance. Enjoy this Succession Stories episode about how sibling rivalry disrupted the succession of a family business with Eva Fischer.

Show Links:

evafischer.dk

SuccessionStories.com

Learn how Laurie Barkman helps business owners build generational wealth: https://thebusinesstransitionsherpa.com

THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:

https://thebusinesstransitionhandbook.com

OR text TRANSITION to +1 (762)320-2826

SHOW US THE LOVE:

FOLLOW Succession Stories wherever you listen

WRITE a review on Apple Podcasts

SUBSCRIBE on YouTube

If you're a fan of business podcasts, you might know the name John Lee Dumas (JLD), founder and host of the award-winning show, Entrepreneurs on Fire. Since launching in 2012, JLD has interviewed over 3,000 of the world's most successful entrepreneurs. With over 100 million listens, he's turned the show into a media empire generating 7-figures of net annual revenue.

JLD joins Succession Stories host Laurie Barkman to talk about business and personal legacy. What does it take to create a business that leaves a lasting legacy? It involves doing things today that lay the foundation. When the time comes, you will be ahead of the game- and you can do it the right way.

Enjoy this new Legacy Series of Succession Stories and why if you're looking to create a legacy, it's time to get intentional with John Lee Dumas.

Show Links:

Entrepreneurs On Fire: www.EOFire.com

SuccessionStories.com

Learn how Laurie Barkman helps business owners build generational wealth: https://thebusinesstransitionsherpa.com

THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:

https://thebusinesstransitionhandbook.com

OR text TRANSITION to +1 (762)320-2826

SHOW US THE LOVE:

FOLLOW Succession Stories wherever you listen

WRITE a review on Apple Podcasts

SUBSCRIBE on YouTube

Ryan Dusick is the founding drummer of Maroon 5, one of the world's most popular bands. In the nineties, Ryan and his high school buddies Adam Levine and Jesse Carmichael dreamed about making it big…and they did!

Ryan joins host Laurie Barkman to talk about his book, "Harder to Breathe: A Memoir of Making Maroon 5, Losing It All, and Finding Recovery."

Just as his career was taking off, Ryan left the band after suffering from a breakdown on the Grammy award-winning "Songs About Jane" tour in 2005. After a decade, he pursued a path of recovery and new life full of meaning, purpose, and fulfillment. Now working as a mental health professional, Ryan is spreading the message that recovery is possible and some astounding things can come with it.

When you spend years architecting your life around a goal and suddenly it's gone, it's understandable that you may face an identity crisis and depression. Accepting the reinvention process enabled Ryan to let go of the past and embrace a new future.

Enjoy this special "What's Next" Succession Stories episode about exit and recovery with Ryan Dusick.

Show notes:

• Ryan Dusick website: https://www.ryandusick.com
• Take a Personal Readiness Assessment for business transition: https://bit.ly/personal-readiness-to-exit

Learn how Strategic Business Transition Planning drives value and clarity by visiting https://thebusinesstransitionsherpa.com

THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman:

https://thebusinesstransitionhandbook.com

OR text TRANSITION to +1 (762)320-2826

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