Understanding Equality and Fairness in Business Transitions
Episode Description: Trying to make things equal and fair is a tricky road to navigate when transitioning your business. As the owner, you may have a completely different perspective from the rest of the people in your business, so perception is key when you start a transition to ensure you keep up your relationships with […]
Business Succession Advisors
One of my favorite proverbs is: If you want to go fast, go alone. If you want to go far, go together. I believe this to be true in many aspects of life but especially in business transitions. First, every transition involves at least two people: the owner who is leaving and the one who […]
Getting Stuck on the “Who” in Business Succession
Episode Description: When it’s time to start the journey of succession, many owners get stuck on choosing their successor. They want to choose the right person, who will not only thrive in the business, but grow and expand it and carry it forward. This podcast episode, “Getting Stuck on the “Who” in Business Succession”, discusses […]
6 Owner Qualities to Improve the Odds of a Successful Transition
Episode Description: As a business owner, the skills that you build during the beginning of your business are all about growing and developing the company you have created. When you then start a transition and pass on the business, the way you use those skills will need to change to fit a new role: the […]
The Business of Family Succession with Jennifer Johnson
Episode Description: In this episode, we’re joined by the owner and Lead Lumenista at The Light Center, Jennifer Johnson. Almost 10 years ago, Jennifer took over a 51-year-old lighting company from her father and turned to Elizabeth and the Transition Strategists to assist in that succession. Tap or click the play button below to […]
3 Assumptions Business Owners Make About Succession
Episode Description: Many clients come to us with a preconceived idea of how their transition or succession is going to go. Whether they have heard stories, done their own research, or experienced a transition at a previous company, it’s easy for business owners to have reservations or fears because of what they’ve seen. Tap or […]
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 […]