Business Governance: What Do Families in Business Transition Need to Know?
Episode Description: Marcy McNeal, a business transition guide and coach at The Transition Strategists, once again joins host Elizabeth Ledoux for today’s episode. In this episode, Elizabeth and Marcy discuss the importance of business governance in family-owned businesses during transitions. They emphasize that governance provides a structured framework for decision-making, fostering inclusivity and reducing personal […]
How Early Preparation Saved a Family Business
Great title for an article, right? A great topic, too … if only it were possible to know if and how early preparation saved a family business. But there isn’t. There are simply too many unexpected twists and turns, route changes and reboots in every transition journey to know that early preparation is the one […]
The Art of Selling Your Business: Cultural Fit, Employee Well-being, & Long-term Success
Episode Description: In this episode, host Elizabeth Ledoux is joined by Betsy Hoaglund for a discussion about the practical steps Betsy went through to grow her business then transition out of it with a healthy exit strategy. Tap or click the play button below to listen to: The Art of Selling Your Business: Cultural Fit, […]
The Character & Role Shifts in a Transition
Episode Description: In this episode, host Elizabeth Ledoux once again talks with Andrea Carpenter about the intricacies of business succession and the metamorphosis that both owners and successors undergo during a business transition. Tap or click the play button below to listen to: The Character & Role Shifts in a Transition. SCHEDULE A COMPLIMENTARY CONSULTATION They […]
Five Key Steps in Preparing a Family Business For Transition
“If you don’t know where you are going, you’ll end up somewhere else,” so said Yogi Berra, the man The Economist magazine named in 2005 as the “Wisest Fool of the Past 50 Years.” As far as we know, he was not talking about family business transitions, but his words certainly apply. Through long experience […]
Family Business Transition Tool Kit
Navigating the complicated terrain of private and family business transitions is both an art and a science for everyone involved: owners, successors, their families, and us, as Transition Guides. On the art side of the equation are experience, intuition, careful listening, open-mindedness, humility, confidence, humor, and the attitude that others have the best of intentions. […]
Getting Serious About the Deal
Episode Description: In this episode, the second of a two-part series, host Elizabeth Ledoux and guest Andrea Carpenter discuss the possibility of handing the reins of Elizabeth’s business to Andrea. They explore the challenges and opportunities of navigating this deal, which would involve Andrea becoming her boss’s successor. Tap or click the play button below to […]
Using Family Business Governance as a Transition Tool
As a family business owner, if you could create a training ground that could: Preserve family relationships, Give your successor the opportunity to learn new skills, Give you the opportunity to learn to mentor, Protect your business, Alleviate the worry of losing control, and Minimize miscommunication, would you jump on it? For most owners, the […]
Opportunities in Business Transition: A Dialogue on Succession with Elizabeth Ledoux and Andrea Carpenter
Episode Description: In this episode, the first of a two-part series, host Elizabeth Ledoux and guest Andrea Carpenter have a wide-ranging conversation about the possibility of Andrea becoming Elizabeth’s successor at Transition Strategists, Elizabeth’s consultancy that offers transition and business succession planning strategies to families, individuals, and businesses. Tap or click the play button below […]