The Business Transition Handbook - Laurie Barkman

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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)

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Luis' Email: [email protected]

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

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Host Information:

Luis Hernandez: Facebook, Instagram, LinkedIn, Twitter

email: [email protected]

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:

MetPro is a concierge nutrition consulting company that uses metabolic profiling to help clients lose weight and/or change body composition. After running 13 marathons, Luis was still able to get a personal record by using MetPro. Schedule a FREE consultation call and get a FREE month with a 6 month subscription.
Pioneer Group Realty - Commercial and Residential Real Estate Brokers in Colorado
*** Visit www.pioneergrouprealty.com to schedule a FREE 15 minute consultation

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