117: Who Wants to Run a Company That Can Thrive Without You? Laurie Barkman Solocast
Solocast with Laurie Barkman, show host and business transition sherpa. In this solocast, Laurie talks about her new book, "The Business Transition Handbook," and discusses a critical owner succession pitfall to avoid – your company needs you too much. A business that relies too heavily on the skills or relationships of the owner is a less transferable and valuable business. Laurie dives into seven ways you can reduce or eliminate value-crushing dependencies by minimizing value derailers and preparing for future ownership succession. Regardless of when you intend to exit, you will benefit by following these time-tested best practices to create a more profitable and enjoyable business to run today. Show Links: Complete a Value Builder Business Assessment at MyTransitionScore.com Order “The Business Transition Handbook” on Amazon https://amzn.to/3Hqj2eo Get a free Business Transition Toolkit. Download secrets to a successful exit. thebusinesstransitionhandbook.com Download 4 Degrees of Delegation eBook: https://bit.ly/4DegreesDelegation Subscribe to Succession Stories YouTube Channel Connect with Laurie Barkman on LinkedIn: https://www.linkedin.com/in/lauriebarkman/ About Succession Stories Podcast Succession Stories is an award-winning podcast guiding entrepreneurs from transition to transaction. Hosted by Laurie Barkman, author of "The Business Transition Handbook: How to Avoid Transition Pitfalls and Create Valuable Exit Options." Get your copy at: www.theBusinessTransitionHandbook.com Start your business transition plan by visiting: https://thebusinesstransitionsherpa.com ______________________________ SHOW SPONSOR: STONY HILL ADVISORS Is this the year to sell your company? 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.