5 Ways a Business Transition Strategy Pays You Back While You Stay
Many business owners delay transition planning because they believe it signals the beginning of the end. The opposite is true. A business transition strategy starts creating value the moment you begin, long before any change in ownership or leadership takes place. We call this the multiplier effect, and it shows up in five measurable ways: […]
The Multiplier in Motion: Five Things That Compound When You Plan and Stay
Episode Description: In this solo episode, Elizabeth picks up where the countdown myth left off. If planning doesn’t mean leaving, what does it mean? Her answer is the multiplier effect, the idea that a transition strategy starts paying you back long before you ever step out or step back. She walks through five things that compound the […]
Emotional challenges of transitioning out of your business
After more than thirty years of walking beside business owners through their transitions, I can tell you where most plans actually stall. It’s almost never the valuation. It’s rarely the legal structure or the tax strategy. Those pieces are complicated, but they’re solvable, and there are plenty of talented advisors who solve them every day. […]
Business Transition Planning Is Not a Countdown. It’s a Multiplier
Somewhere on your to-do list, there’s a line that says something like “start transition planning.” It’s been there for a while. Not because you forgot about it, but because every time you look at it, it feels like it’s asking you to admit something you’re not ready to admit. So you move it. To next […]
Planning Without Leaving: Why a Transition Strategy Is a Multiplier, Not a Countdown
Episode Description: In this solo episode, Elizabeth speaks directly to the owners she calls still building visionaries: the ones who aren’t winding down, who are still growing, and who are still the reason so much of the business works. She unpacks the countdown myth, the belief that starting a transition strategy starts the clock on […]
What a Four-Generation Family Business Can Teach You About Building a Win-Win-Win
A few weeks ago, Andrea Carpenter and I sat down with Family Business Magazine for a live webinar on preparing the next generation for ownership. We were joined by two people who know this journey from the inside: Laurie and Brad Irish-Jones of Irish Family Companies, a fourth-generation family business that has been serving Western […]
What It Actually Takes to Hand a Family Business to the Next Generation
Episode Description: This is a special episode of the Business Transition Roadmap. Elizabeth Ledoux and her business partner Andrea Carpenter recently joined Family Business Magazine for a live webinar on preparing the next generation for ownership, and this episode brings that full conversation to the podcast feed. Elizabeth and Andrea walk through the win-win-win model and […]
A Shared Compass for Family Business Transition Planning
Because movement and direction are not the same thing. Every transition has a destination. But most business owners start moving long before they actually know where they’re going. Dates get set. A valuation gets pulled together. Legal documents start circulating. And somewhere in the rush toward execution, nobody has stopped to ask the harder question: […]
Family business succession planning works best when you build it with your successor
For thirty years I’ve watched owners assume the people coming after them will simply be ready when the day arrives. They’ve built something worth passing on, they’ve worked hard for it, and somewhere along the way they let themselves believe that readiness would sort itself out. Then the day comes. They look over their shoulder, […]