Transitioning From the Doer to the Mentor with Dianne Nolin
Episode Description: In this episode, Elizabeth is joined by Dianne Nolin, a Managing Partner and Private Wealth Advisor at Argent Bridge Advisors. With over 30 years of experience in financial planning, she has a passion for helping others through empowerment and education, and provides comprehensive financial solutions to high-net-worth families and individuals. Tap or click […]
5 Communication Tips for Owners Contemplating Transition
Episode Description: There is always a fear that surfaces when a business transition begins. Owners fear that employees will lose confidence in them and leave the company or that the company will start to crumble if people get the wrong idea of where the transition is going. Employees fear that they’ll be left in the […]
Getting Unstuck in Business Transitions
I’ve written about the three primary reasons owners get unstuck and take the leap into their business transition journeys: 1) a reckoning with mortality, 2) the achievement of a goal or 3) a reaction to events outside the business. In this article, I share four steps to getting unstuck in business transitions using, as an […]
Slowing Down Your Business Transition with Beth Blackmer
Episode Description: In this episode, Elizabeth is joined by Beth Hoff Blackmer, the owner and President of Aspen Rent-all, Inc., a construction equipment rental business in Basalt, CO. The company was founded in 1967 by Beth’s father Dave Hoff and was purchased by Beth in 2000, and she has quadrupled the revenue of the business […]
Going Through Multiple Transitions In Business with Jennifer Tibbetts
Episode Description: In this episode, Elizabeth is joined by a friend and previous client, Jennifer Tibbetts, who is the former owner of Power Equipment Specialists. She and Elizabeth have worked together on two different business transitions, purchasing a business from Jennifer’s father, and transitioning the business to her own successor. Tap or click the play […]
Family Constitutions Keep Families Together
If you run an enterprise alone or with only one partner, no committees or obstacles prevent you from making decisions or changing direction on the fly. The same is likely true if you operate an enterprise with your adult children because they grew up listening to and watching you. They understand your values and vision, […]
The 5 Qualities You Should Look For In a Successor
Episode Description: When a successor comes into the picture for a business transition, people are always questioning whether they will succeed. Will they have the skills? Will they have the knowledge? While those things are important, they are skills that can be learned with time. The real question of whether a successor will thrive lies […]
How the power of inclusive thinking works in succession planning
As a successful entrepreneur, it’s natural for you to solve some problems by thinking outside of the box. That ability to put disparate elements together, often in ways others would not, is known as inclusive thinking. Too many owners, however, look at the transition of their companies to successors from only one perspective. The purpose […]
Eight reasons owners decide to embark on the succession planning journey
At some point, you, like every owner, will think about the day you will transition the leadership of your company to a new owner. Today, transitioning may be a low-priority issue on your long-to-do list, or you may be frozen in place because you don’t know how to begin or worry that a transition could […]