A Journey of Business Succession & Professional Reinvention With Dawn Abbott
Episode Description: In this episode, host Elizabeth Ledoux is joined by Dawn Abbott who after decades as a business owner of an event and party rentals company became a professional EOS implementer and successfully transitioned into coaching. Tap or click the play button below to listen to: A Journey of Business Succession & Professional Reinvention […]
The Effect of Federal Estate Taxes on Business Transitions
There are many factors—both financial and personal—to consider when crafting a business transition. Among the financial factors is taxation, and one element of taxation that few owners have had to consider since 2018 is the effect of federal estate taxes on business transitions. Currently estates of less than $12.92 million (or $25.84 million for a […]
Navigating Business Transitions: Insights from a Merger & Acquisition Expert
Episode Description: In this episode, host Elizabeth Ledoux is joined by Steve Denny, a co-founder of Innovative Business Advisors. Steve is actively engaged in merger acquisition activities in all kinds of industries. He’s also developed some tools that business owners can use to grow their profitability and enterprise value. Tap or click the play button […]
The Role of a Leader In a Business Transition with Debbie Davis
Episode Description: In this episode, Elizabeth is joined by Debbie Davis, one of the lead transition guides at the Transition Strategists. She’s here to talk about leadership, and how the role of a leader shifts and changes throughout a transition. Business leaders go from running and operating their business to becoming a mentor to a […]
Today: A good time to begin transition planning?
Business owners frequently ask us whether this is a good time to begin transition planning. Especially in uncertain times, we hear this question a lot. (I wrote about Planning a Business Transition During a Recession in April of 2023.) Owners are naturally concerned about transitioning their companies to family members, business partners, or employees in […]
How Communities Thrive with Marcy McNeal
Episode Description: In this episode, Elizabeth is joined by Marcy McNeal, one of her top transition guides a the Transition Strategists. Marcy is a seasoned trainer, facilitator, and coach with a passion for supporting business owners through life-changing breakthroughs in how they go about their work and the results they produce. Tap or click the […]
Expectations in Family Business Transitions
A quote commonly attributed to William Shakespeare applies in nearly every relationship but always reminds me of a common pitfall in family business transitions: Expectation is the root of all heartache. Expectations in family business transitions are especially toxic because they can damage or destroy the irreplaceable relationships between parents and children. We all bring […]
Planning a Business Transition During a Recession
According to the Conference Board, there is a 99% probability of recession within the next 12 months.[1] That expectation raises a question for owners who are thinking about (or are already working on) the transition of their companies to successors: Should you be planning a business transition during a recession? Should you forge ahead or […]
Building a Business Ministry and Growing Beyond with Sherrye and Steve Merriman
Episode Description: In this episode, Elizabeth is joined by Sherrye and Steve Merriman, the past owners of Clergy Advantage, which is one of the largest firms in the United States that provides tax services to the clergy community. They have been working with Elizabeth for over 20 years, and have recently completed their exit from […]