Succession Stories

Finding time wealth means having the ability to choose how you spend your time. On this episode, Laurie Barkman talks with Craig Clickner and Carrie Bohlig. They're the married co-founders of Tandem Consulting and other companies. Their businesses, which initially started as side hustles, allowed them to step away from their corporate careers, and developed 8 income streams bringing in over $3 million annually. Taking an entrepreneurial path is a key topic on their podcast, Tandem Talks (where Laurie was recently a guest) and in their new book "So You Want to Start a Side Hustle." Get inspired to focus more on what really matters to you in this episode with Carrie and Craig.

Listen in to learn more about:

• Thinking of entrepreneurship as an adventure
• Building your business without sacrificing your life
• How starting slow can help you accelerate faster
• Surrounding yourself with the right people
• Why time wealth and choosing how you spend your time is important

You can find out more about Craig and Carrie in the links below:

https://www.tandemconsulting.co/

https://www.linkedin.com/in/carriebohlig

https://www.linkedin.com/in/craig-clickner

About Succession Stories:

Subscribe and leave a review to share what you like about the show!

Succession Stories is hosted by Laurie Barkman, the Business Transition Sherpa-- guiding business owners through the process from "transition to transaction."

Learn more at https://smalldotbig.com

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.

Given today's talent wars, have you considered virtual assistants? Danielle Cuomo is the Founder and CEO of Virtual Assist USA - the largest VA company in the United States. Danielle shares how she took an entrepreneurial leap from bootstrapping the company to growing to $4.5 million in revenues today. This insight-packed episode provides fresh ideas for scaling small businesses.

Listen in to learn more about:

• How virtual assistants augment teams at fast-growing businesses
• Why large companies are using virtual assistants
• Setting up your business to scale
• Deciding when to take the entrepreneurial leap

Show Links:

https://www.virtualassistusa.com/

Subscribe and leave a review to share what you like about the show!

Succession Stories is hosted by Laurie Barkman, the Business Transition Sherpa-- guiding business owners through the process from "transition to transaction."

Learn more at https://smalldotbig.com

Looking to enhance and grow your business in 2022? This week on Succession Stories, Stephanie Scheller joins Laurie Barkman to discuss success in the face of disruption. Stephanie is the founder of Grow Disrupt, a marketing agency in Texas that grew by nearly 50% in 2020. How? By optimizing recruitment, offering packages that address customer needs, and improving the agency's positioning. In addition to sharing her story, Stephanie also plays her violin for us, a first for the show!

Listen in to learn more about:

• Fine-tuning your three M's of marketing; market, message, and methods of distribution
• Testing and adjusting strategies to find those that work best for your business
• Making the most of disruption

Connect with Stephanie Scheller:

https://www.thestephaniescheller.com/

https://www.growdisrupt.com/

Connect with Host, Laurie Barkman:

LinkedIn: https://www.linkedin.com/in/lauriebarkman/

Website: https://smalldotbig.com/contact-us/

About:

The Succession Stories podcast is hosted by Laurie Barkman, Founder of SmallDotBig.

We'll help you maximize business value, plan your exit transition, and get rewarded for all of your hard work by finding the right buyer or seller.

Visit https://smalldotbig.com for more value building resources and subscribe to our newsletter!

We kick off 2022 with a spotlight on business transitions. Why maximizing your business today can help you prepare for an exit on your terms tomorrow. This episode features an insightful presentation from Laurie Barkman in a webinar with Chris Brodman, President of Metz Lewis Brodman Must O'Keefe, a Pittsburgh PA, law firm specializing in mergers and acquisitions and business transactions.

If you're not yet getting Succession Stories monthly newsletter, now is a great time to sign up on the show's website www.SuccessionStories.com. You'll be amongst the first to hear about Laurie's new book, upcoming events, and more great content to help you capture value and transition with success.

Connect with Host, Laurie Barkman:

LinkedIn: https://www.linkedin.com/in/lauriebarkman/

Website: https://smalldotbig.com/contact-us/

Show Links:

Metz Lewis website: https://www.metzlewis.com/

About:

The Succession Stories podcast is hosted by Laurie Barkman, Founder of SmallDotBig.

We'll help you maximize business value, plan your exit transition, and get rewarded for all of your hard work by finding the right buyer or seller.

Visit https://smalldotbig.com for more value building resources and subscribe to our newsletter!

100% of business owners will leave their business someday. Whether a business thrives after an owner leaves depends on your succession plan to ensure a smooth transition. How do you create a succession plan? What are the dos and don'ts? How can a well planned succession improve your business value? Listen in as Beth Miller returns to Succession Stories to discuss her book Replaceable: An Obsession with Succession to help you plan for a successful transition in your business.

Listen in to learn more about:

• Building a plan for life beyond your business
• What separates successful transitions from those that fail
• Why a succession plan should be an ongoing process
• Analyzing the gaps between your key people and key positions and developing your team in time
• How to communicate about your succession plan with your team
• Mapping out a competency ladder for your company for effective leadership
• Tools and resources to help you gauge your readiness to transition both at a personal and business level

Show Links:

Replaceable: An Obsession with Succession: https://us.amazon.com/Replaceable-Succession-Beth-Armknecht-Miller/dp/1951503538/

Succession Stories E36: https://smalldotbig.com/succession-stories-podcast/e36-avoiding-succession-planning-mistakes-beth-armknect-miller/

Connect with Beth Miller:

LinkedIn: https://www.linkedin.com/in/betharmknechtmiller

Website: https://executive-velocity.com/meet-beth-miller/

Connect with Host, Laurie Barkman:

LinkedIn: https://www.linkedin.com/in/lauriebarkman/

Website: https://smalldotbig.com/contact-us/

About:

The Succession Stories podcast is hosted by Laurie Barkman, Founder of SmallDotBig.

We'll help you maximize business value, plan your exit transition, and get rewarded for all of your hard work by finding the right buyer or seller.

Visit https://smalldotbig.com for more value building resources and subscribe to our newsletter!

In the M&A deal ecosystem different types of buyers have different motivations. Family offices are known to have a long time horizon and offer flexibility during acquisition. Alex Panosian is a co-founder of CW Growth Partners, a family office focused on acquiring and growing small businesses in the Midwest. Laurie Barkman and Alex discuss his family business legacy, core values, and how that shaped their investment strategy.

Listen in to learn more about:

• Growing your business value through your people, culture and systems
• Key considerations from a buyer's perspective during an acquisition
• To leave or not to leave? Finding the balance between staying on and exiting following a transition
• The flexibility family offices offer compared to private equity buyers

Connect with Alex Panosian:

CW Growth Partners website: https://www.cwgrowthpartners.com/

Alex Panosian: [email protected]

Connect with Host, Laurie Barkman:

https://www.linkedin.com/in/lauriebarkman/

The Succession Stories podcast is hosted by Laurie Barkman, Founder of SmallDotBig.

We'll help you maximize business value, plan your exit transition, and get rewarded for all of your hard work by finding the right buyer or seller.

Visit https://smalldotbig.com for more value building resources and subscribe to our newsletter!

If a high percentage of your company's revenue is undertaken personally by you or your fellow equity holders, you're a Rainmaker. You've got a strong ability to influence customers, but you may be lowering your company's value. Amy Franko is a strategic sales expert and author of The Modern Seller. Listen in as Laurie Barkman and Amy talk about the challenge of The Rainmaker's Dilemma, traps to avoid, and actions you can take to increase your company's value.

Listen in to learn more about:

• Understanding The Rainmaker's Dilemma and impact on business value
• Architecting a sales process
• Sales strategies to consider in a disruptive business environment

Connect with Amy Franko:

https://amyfranko.com/

https://www.linkedin.com/in/amyfranko

Connect with Host, Laurie Barkman:

https://www.linkedin.com/in/lauriebarkman/

About:

The Succession Stories podcast is hosted by Laurie Barkman, Founder of SmallDotBig.

We'll help you maximize business value, plan your exit transition, and get rewarded for your hard work by finding the right buyer or seller.

Visit https://smalldotbig.com for more value building resources and subscribe to our newsletter!

Explore how ESOP management buyouts can be a great succession plan as a way to transfer your family-owned business to your children and employees. Laurie Barkman and Darren Gleeman, an ESOP expert and Partner at MBO Ventures, discuss why you might consider an ESOP over selling to a private equity firm. In addition to substantial tax incentives, your children can get warrants to buy back a large chunk of the company in the future. Listen in to learn more about the immense possibilities ESOPs can create for your business.

• How ESOPs can create a win-win scenario for business owners, stakeholders and employees
• How an ESOP can reduce tax obligations
• Why setting up an ESOP structure can make it easier to transfer your business
• The importance of incentives such as ESOPs as a way to incentivize your team and retain your workforce
• How Woman-Owned, Veteran-Owned, and Minority Business Enterprises can sell to an ESOP and maintain their certification

Connect with Darren Gleeman:

646-734-2035, [email protected]

www.mboventures.com

Connect with Laurie Barkman:

Laurie Barkman on LinkedIn

Podcast website: www.successionstories.com

About:

The Succession Stories podcast is hosted by Laurie Barkman, Founder of SmallDotBig.

We'll help you maximize business value, plan your exit transition, and get rewarded for all of your hard work by finding the right buyer or seller.

Visit https://smalldotbig.com for more value building resources and subscribe to our newsletter!

How can employers retain people in the face of The Great Resignation job market phenomenon? Alisa Spector Angelo is the Owner and President of Compass Business Solutions, an HR consulting firm that takes a people first approach in driving organizational performance. Listen in as Laurie Barkman and Alisa talk about why it's more important than ever to put your company values into practice to drive retention and foster a healthy and productive work environment.

Listen in to learn more about:

• Refreshing your pre-pandemic core values to match the current business environment
• Key human capital concerns as we navigate remote, hybrid and back-to-the-office work setups
• Recruitment strategies for today's labor market
• Showing your people you value them through re-recruitment
• Spotting potential culture-killers in your organization

Show Links:

Compass Resources website: https://compass-resources.com/

Laurie Barkman on LinkedIn

Podcast website: SuccessionStories.com

About:

The Succession Stories podcast is hosted by Laurie Barkman, Founder of SmallDotBig.

We'll help you maximize business value, plan your exit transition, and get rewarded for all of your hard work by finding the right buyer or seller.

Visit https://smalldotbig.com for more value building resources and subscribe to our newsletter!

All entrepreneurs will leave their company someday. What's your path to increasing your company's value? Steve Peplin, CEO of Talan Products, a $50 million manufacturing company, has achieved impressive growth. Listen in as Laurie Barkman and Steve discuss his secrets to success using enterprise value as a scorecard to improve the business. And how he thinks about the entrepreneurial journey, succession, and what comes next at a personal level.

Listen in to learn more about:

• The importance of talent acquisition, recruiting and retention in the current business landscape
• Building enterprise value from a buyer's perspective
• Continuous learning as a key part of succession planning
• Preparing for your next

Show Links:

Steve Peplin LinkedIn: www.linkedin.com/in/steve-peplin-9095046/

Talan Products website: https://www.talanproducts.com/

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

Podcast website: SuccessionStories.com

About:

The Succession Stories podcast is hosted by Laurie Barkman, Founder of SmallDotBig.

We'll help you maximize business value, plan your exit transition, and get rewarded for all of your hard work by finding the right buyer or seller.

Visit https://smalldotbig.com for more value building resources and subscribe to our newsletter.

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