What happens when the business you built becomes your identity?

In this episode, Jeff Munn sits down with Elizabeth Ledoux, founder and CEO of The Transition Strategists, to unpack the emotional, financial, and deeply personal realities of succession planning for entrepreneurs and family businesses. From leaving her career as a petroleum engineer to helping founders navigate life after leadership, Elizabeth shares hard-earned wisdom on what it really takes to let go without losing yourself.

They explore why most business transitions fail, how founders unknowingly hold companies back, and why the next generation often struggles under the weight of expectations. Elizabeth also shares her own transition story and how she found the successor to carry her life's work forward.

In this episode:

• Why founders struggle to let go of control
• The difference between building a business and sustaining one
• How family dynamics shape succession decisions
• Why clarity about your "next chapter" matters more than money
• The hidden emotional cost of leaving the business

If you're building something meaningful, this conversation might change how you think about legacy, leadership, and what comes next.

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