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#101: Laurie Barkman - The Business Transition Handbook
Luis Hernandez interviews Laurie Barkman, known as the 'Business Transition Sherpa.' Laurie is the founder and CEO of a $100 million revenu…
Aug. 13, 2024
#101: Laurie Barkman - The Business Transition Handbook
Luis Hernandez interviews Laurie Barkman, known as the 'Business Transition Sherpa.' Laurie is the founder and CEO of a $100 million revenue company that sold to a Fortune 50 company. She shares insights from her book 'Succession Stories: The Business Transition Handbook' and her podcast 'Succession Stories,' discussing how to set up businesses for successful exits and successions. The discussion covers the importance of building value with the end in mind, understanding who should own the business after you, and differentiating between exits and succession. Laurie emphasizes the need for business owners to be proactive in preparing for transitions and the significance of obtaining regular business valuations to understand and improve enterprise value. The episode also explores case studies, including the implications of growth opportunities, financial metrics, and industry factors on business valuation. Laurie provides actionable advice on creating transferable business processes and encourages entrepreneurs to consider acquisition as a viable path to entrepreneurship.
Wayfinder Four
- Hack = Set up processes using Asana or Notion
- Favorite = Succession (TV Show)
- Advice for Younger Self = Buy a business
- Big Opportunity = helping entrepreneurs create life-changing businesses
Contact - thebusinesstransitionsherpa.com (includes free book)
The Wayfinder Show host Information:
Luis Hernandez: Facebook, Instagram, LinkedIn, Twitter
Luis' Email: lhernandez@pioneergrouprealty.com
We want to give a huge shout out to our friend, Jast Collum at 756 Productions, for creating our intro and outro music. This guy is a beast.
Please support this podcast by checking out our show sponsors:
Pioneer Group Realty - Real Estate Brokers and Advisors in Colorado - 720-445-5857 - 1325 S Colorado Blvd, Suite B-601, Denver, CO 80246
Ace Handyman Services - Franchise of professional handyman and other home services. If you are interested in Ace Hardware’s Home Services, connect with Todd at toddconcienne@gmail.com
Bulldog Storage for all your storage and moving equipment needs
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