The Key Role Your Next Adventure™ Plays in Your Business Transition
Transitioning a business to a successor is easy for owners who aren’t interested in the future of the companies they’ve built and believe that leaving behind a trail of broken relationships is just the price of a business transition. Business transitions are not so easy, however, for owners who care deeply about their relationships with […]
Why Business Owners Get Stuck in Their Transitions
Episode Description: Did you know that 80% of business owners do not have any idea how they’re going to transition their business? Most of the time, they think transitioning is a future event to worry about later, but that couldn’t be further from the truth. In fact, a lack of planning and intentional preparation is […]
What To Do When Your Child Doesn’t Want to Take Over Your Business
“Mom, I need to tell you something… ” These words would set off alarm bells in most parents’ heads, but the ringing can be deafening when they come from the child you always dreamed would take over your business. That dream can shatter when the sentence that follows is: “Running this company is an amazing […]
Business Succession is a Team Sport
Episode Description: If there’s one thing we know about your transition or succession journey, it’s that you can never do it alone. So many business owners try to take on too much of the work on their own, which makes the process much more difficult, if not impossible. In this episode, you’ll find out the […]
An Interview with Elizabeth from The LoCo Experience Podcast
Episode Description: In this episode, you’ll get to hear an interview that your host, Elizabeth Ledoux, did with Curt Bear on The LoCo Experience Podcast. Elizabeth’s story is an essential part of The Business Transition Roadmap, and you’ll get to hear all about her life and journey into the business transition world as well as […]
Intro to The Business Transition Roadmap
Episode Description: It is never too early to be thinking about the next steps for your business. Whether you’re planning to sell or pass on the business to someone else, how do you set your successor, your company, and yourself up for success? In this introductory episode, meet your host, Elizabeth Ledoux, and find out […]
Succession Planning Done Right
The HBO series Succession is a dramatization of the transition of a business from one generation to the next, a morality tale about what can happen when a Generation 1 owner fails to create a coherent plan to pass a business to members of Generation 2. It has been successful with both critics and audiences, […]
4 Steps To a Successful Family Business Transition
We’ve all heard the horror stories about family business transfers that create irreparable damage—parents estranged from children, children at war with siblings, and standoffs that endure for generations. It doesn’t have to be this way! We’ve worked with many families who have moved through business transitions and kept their relationships healthy. While every family is […]
Four Questions to Ask Before Passing a Business to the Next Generation
As a longtime advisor who helps business owners craft plans to put their companies in the hands of successors, I’m often asked questions about how companies can be transitioned to their adult children. Before moving forward, I suggest that there are at least four questions to ask before passing a business to the next generation. […]