Three Ways Owners Know It’s Time to Start Planning a Business Transition
Having worked with hundreds of business owners for over 30 years and being one myself, I recognize the signs that tell owners that it’s time to begin planning a business transition. Please note that these signals don’t indicate that it’s time to transition out of your company. Rather, they are signs that it’s time to […]
“Time passes whether I stand still or move.”
“Time passes whether I stand still or move.” Anne Barngrover Poet and author When I read “Time passes whether I stand still or move,” I thought about the owners who were running their companies in 2008 and have the battle scars to prove it. Sometimes and unfortunately, however, scars can prevent them from sensing the […]
Wealth Transition Planning with Brannon Fisher
Episode Description: In this episode, host Elizabeth Ledoux is joined by Brannon Fisher, Principal at Simon Quick Advisors, a multi-family office wealth management firm. Responsible for new business development at Simon Quick, Brannon provides wealth management and investment consulting services to clients. Tap or click the play button below to listen to: Wealth Transition Planning […]
Finding Freedom: How a Thoughtful Business Transition Changed Everything with Tom Kirk
Episode Description: In this episode, host Elizabeth Ledoux is joined by Tom Kirk, an entrepreneur who formed his first company at 27 and has since started or bought several companies, including FirstWave Financial. Tap or click the play button below to listen to: Finding Freedom: How a Thoughtful Business Transition Changed Everything with Tom Kirk. […]
Tax Efficiency in Business Transitions: Strategies & Considerations with Eric Lake
Episode Description: In this episode, host Elizabeth Ledoux is joined by Eric Lake, a Managing Tax Partner at Holben Hay Lake Balzer CPAs, an accounting and consultancy firm that is a division of SingerLewak. Tap or click the play button below to listen to: Tax Efficiency in Business Transitions: Strategies & Considerations with Eric Lake. […]
A Business Succession Plan is Your Best Retirement Plan
Have you crunched the numbers for the next phase of your life? When asked about our plans for retirement, most of us jump right into a financial discussion. We think of tax-advantaged saving mechanisms and managing and building the value of our financial assets and businesses. These are all great ways for business owners to […]
The Importance of Planning Your Exit Strategy with Ned Minor
Episode Description: In this episode, host Elizabeth Ledoux is joined by Ned Minor, a transaction attorney in the field of mergers and acquisitions that has generated more than $3 billion in total purchase/sales consideration for clients. Ned has also written extensively on the topic of entrepreneurs exiting their companies. Tap or click the play button […]
Insider Tips on Successful Succession Planning
Episode Description: In this episode, host Elizabeth Ledoux is joined by Doug Damon, who is currently the Chairman of Damon Industries. Doug bought this business from his dad in 1979 and built it up over the decades. In recent years, he transitioned the ownership and management of Damon Industries to his children. Tap or click the […]
How Transition Planning Can Help You Envision a Fulfilling Life Outside Your Company – Charting the Unknown
As a transition strategist, I know how transition planning can help you envision a fulfilling life outside your company, but when I ask owners why they haven’t yet created a plan to transition their companies to successors, answers vary. I’m too young to think about leaving. I can’t imagine doing anything more, or as, meaningful […]
