Business Transition Roadmap with Elizabeth Ledoux: Recent Episodes
Elizabeth Ledoux
How do communities thrive? When businesses experience healthy growth and transition. Join CEO of The Transition Strategists, Elizabeth Ledoux as she and her guests identify what makes a successful business transition roadmap. If you know you want to transition or exit your business “one day”, today is the right day to start planning. This show will give you the roadmap.
What if the most valuable legacy you leave behind isn’t financial at all—but the stories that shape identity and connection?
In this episode, Elizabeth sits down with historian and founder of Everyday Legacies, Kasia Flanagan, who helps families preserve their life stories through memoirs, films, and storybooks. Kasia’s personal journey from hardship in rural Idaho to earning a PhD in history and serving families worldwide is a powerful testimony to the resilience found in family narratives.
Together, they explore why storytelling is essential for family transition, how vulnerability creates belonging, and why legacy should be thought of as fluid rather than fixed. If you’ve ever wondered what it truly means to “leave something behind,” this conversation will inspire you to start recording your story today.
What You’ll Hear in This Episode:
- How Kasia’s childhood stories carried her from homelessness to a PhD
- Why knowing your history strengthens identity across generations
- The fears that keep families from sharing their stories—and how to face them
- Why legacy is about influence, not just assets
- How storytelling heals old wounds and opens new connection
- A practical DIY guide to capturing your own family legacy
Check out Kasia Flanagan's work:
Website: https://everydaylegacies.com
Free Resource: DIY Guide to Capturing Family History (available at top banner)
Connect with Elizabeth Ledoux and The Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Check out "Your Next Gen Friend Podcast" with Andrea Carpenter
Spotify: https://yournextgenfriend.com/open-spotify
Apple Podcasts: https://yournextgenfriend.com/apple-podcast
Get Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
Ready to explore what a collaborative transition could look like?
Schedule a discovery call: https://transitionstrategists.com/discovery
Chapters in This Episode
00:00 Welcome & Introduction
01:17 Kasia’s Childhood and the Power of Family Stories
03:34 Why Knowing Your Story Shapes Identity
05:28 The Fears Behind Telling Your Story
08:24 How Stories Bridge Generations & Break Down Facades
11:24 Redefining Legacy: More Than Assets
15:33 Healing Through Storytelling & Vulnerability
17:34 How Everyday Legacies Helps Families Capture Their Story
19:42 Public Biography vs. Private Family Story
22:12 What Legacy Means to Kasia Personally
25:30 Legacy as Fluid, Not Fixed
26:24 A Practical Challenge: Start Recording Your Story Today
28:01 Where to Find Kasia’s Free DIY Legacy Guide
Hook: Is your family business trying so hard to protect the “golden egg” that you’re starving the next generation of the chance to build something bigger?
Adam Hill—4th-gen leader, CEPA, and Professional EOS Implementer—joins Elizabeth to talk candidly about stepping into leadership, nearly facing insolvency, and using EOS to professionalize a legacy company. They unpack the identity shift for founders, why communication is the next-gen’s superpower, and how to move teams out of “artificial harmony” into healthy conflict that actually solves problems. If you’re eyeing a transition in the next 3–5 years, or you’re a rising successor who wants to do it right, this one’s a masterclass.
Top Takeaways
- The legacy trap: when “preserve what we have” replaces “create new value.”
- Right person, right seat: how EOS de-personalizes family dynamics and professionalizes decision-making.
- Communication beats assumption: what next-gen leaders must say out loud (even when it’s scary).
- From harmony to health: naming and exiting “artificial harmony” to resolve real issues.
- Professionalizing for transition: strengthen the five capitals (financial, human, structural, social, customer) to raise enterprise value and multiples.
- Founder identity shift: why planning “what’s next for me” reduces resistance to letting go.
Connect with Adam Hill:
LinkedIn: linkedin.com/in/adamchill
Fearless Family Business Podcast: https://open.spotify.com/show/5K0guqNH7IpkKf0qkxByn9?si=087d5de0d30c4df9
EOS Implementer Profile / Contact: https://www.eosworldwide.com/adam-hill
Connect with Elizabeth Ledoux and The Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Check out "Your Next Gen Friend Podcast" with Andrea Carpenter
Spotify: https://yournextgenfriend.com/open-spotify
Apple Podcasts: https://yournextgenfriend.com/apple-podcast
Get Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
Ready to explore what a collaborative transition could look like?
Schedule a discovery call: https://transitionstrategists.com/discovery
Chapters in This Episode00:01 – Welcome & Guest Setup: Adam’s credentials and why EOS matters now.
01:32 – Origin Story: Great-grandfather’s 1923 launch; growing up in the “family business bubble.”
04:27 – Inside the Company: Roles across lab, safety, ops, sales; building customer service.
05:32 – The Cousins’ Era: Governance complexity and 60 family owners.
07:52 – What Is Legacy, Really?: From value creation to preservation.
10:07 – Why So Many Fail: Preparation gaps and successor readiness.
11:29 – Entitlement vs. Preparation: “Right person, right seat” and structured mentorship.
13:24 – Founder Identity & Letting Go: Planning “what’s next” to enable transition.
15:27 – The #1 Next-Gen Mistake: Under-communicating.
17:11 – How to Speak Up: Curiosity, outside mentors, and peer groups.
18:40 – Conflict That Heals: Escaping “artificial harmony.”
21:22 – EOS in Practice: From near-insolvency to disciplined execution; the five capitals.
24:12 – Closing: Final thoughts and gratitude.
What does it take to transform a confusing, fragmented business transition into a clear, manageable process? In this episode, Elizabeth Ledoux sits down with Craig Sweeney, the founder of AI Exit Navigator—a revolutionary operating system that guides business owners through every step of their transition journey.
Craig brings a unique perspective as both a serial entrepreneur and former private equity professional. After working in private equity for over a decade helping portfolio companies with revenue optimization, he started his own fintech company and successfully navigated his own exit to a strategic partner. This dual experience—seeing transitions from both the advisor and owner perspectives—led him to create a solution for the most common problem he witnessed: founders walking away from 30-40 years of hard work feeling unsatisfied and leaving money on the table. Book a discovery call: https://transitionstrategists.com/discovery/
Key Topics Covered:
- The AI Exit Navigator Process: How the proprietary exit readiness score works across six strategic pillars to identify gaps and create custom roadmaps
- The 10-15 Minute Assessment: Understanding revenue cycles, leadership dependency, family readiness, and process frameworks through a streamlined survey
- Common Exit Mistakes: Why heavy reliance on the owner is the number one factor that derails transitions—appearing twice as often as any other issue
- Building Leadership Teams: How to develop trusted team members who can take on responsibility and help owners work "on" rather than "in" their business
- The Marketplace Approach: Connecting vetted, trusted advisors with founders at the right time in their journey, creating a comprehensive support ecosystem
- Partnership with TTS: How AI Exit Navigator integrates with family and succession transition expertise to address both technical and emotional aspects
- Timeline Reality: Why transitions take years, not months, and how proper planning prevents owners from "winging it" at the crucial moment
- Advisory Team Assembly: Moving beyond single-advisor relationships to build the full cabinet of experts needed for successful transitions
Craig emphasizes that business transitions should be exciting journeys, not overwhelming ordeals. His technology-driven approach removes the confusion and ad-hoc nature of traditional exit planning, providing founders with clear roadmaps and the right people to execute them.
Connect with Craig Sweeney:
Website: https://www.joinspecialops.com/
LinkedIn: https://www.linkedin.com/in/craigsweeney2010/
Get your Exit Readiness Score: https://www.joinspecialops.com/exit-navigator-score
Connect with Elizabeth Ledoux and The Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning":
https://amzn.to/3oq2LQv
Ready to explore what a collaborative transition could look like?
Schedule a discovery call: https://transitionstrategists.com/discovery
Chapters in this Episode:
00:00 Introduction to Craig Sweeney and AI Exit Navigator
02:15 From Private Equity to Serial Entrepreneur
05:20 The Problem with Traditional Exit Planning
08:45 How AI Exit Navigator Works: The Six Pillars
12:30 The Exit Readiness Score Process
15:40 Most Common Mistakes: Owner Dependency Issues
19:15 Building Leadership Teams That Can Take Over
22:30 The Marketplace Approach to Advisory Services
26:45 Partnership Between AI Exit Navigator and TTS
29:20 Timeline Reality: Why Transitions Take Years
32:15 Making Exit Planning Exciting, Not Overwhelming
35:30 Final Advice for Founders Considering Transition
In this conversation, Marcy and Debbie explore the Objectives Matrix™ and its role in successful family business transitions. They walk through how clearly defined objectives—especially when written in the present tense—help unlock new energy and clarity for all parties involved.
From uncovering personal values and legacy goals to naming deal breakers and navigating differing visions, this episode reveals how structured dialogue can ease tension and spark aligned action.
They also share the unique role a guide plays in holding space, asking tough questions, and empowering families to move from secrecy to shared vision.
- Loss of identity or purpose (owners & successors)
- Fear of family conflict
- Fear of making the wrong decision or saying the wrong thing
- Fear of being misunderstood or not having a voice
👉 Schedule a discovery call : https://transitionstrategists.com/discovery
Key Topics Covered
- What the Objectives Matrix is and why it’s essential
- How stating objectives in present tense shifts energy
- Real stories of emotional clarity and breakthroughs
- Why deal breakers matter more than you think
- Understanding > alignment: building mutual respect
- The role of a guide in creating psychological safety
- How secrecy can lead to conflict—and clarity can prevent it
- Turning succession from a transaction into a transformation
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Connect with Debbie and Marcy on LinkedIn:
Marcy McNeal: https://www.linkedin.com/in/marcy-mcneal/
Deborah Davies: https://www.linkedin.com/in/changeagent-coach-facilitator-deborah-davis-ms-pcc/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning":https://amzn.to/3oq2LQv
Ready to explore what a collaborative transition could look like?
Schedule a discovery call: https://transitionstrategists.com/discovery
Chapters in this episode
00:00 Introduction to Transition Work and the Objectives Matrix
01:45 Marcy and Debbie’s Journeys as Transition Guides
04:10 The Role of a Guide vs. Coach or Consultant
08:25 Uncovering the Why with the Objectives Matrix
12:40 Client Breakthroughs and Emotional Moments
16:55 The Power of Deal Breakers
21:15 Moving from Transaction to Transition
26:20 Real-World Examples of Shared Objectives
31:05 Creating Psychological Safety in the Process
36:10 Owner Fears and the Vulnerability of Letting Go
40:45 Key Takeaways and Where to Find the Tool
What happens when transition strategists navigate their own succession? In this episode, Elizabeth Ledoux and Andrea Carpenter pull back the curtain on their ongoing transition at The Transition Strategists while unveiling their groundbreaking new Evolve program.
Andrea shares the reality of being a successor in the business she helps other successors navigate, revealing how even the most prepared transitions come with unexpected challenges and growth opportunities. Elizabeth reflects on how bringing on a successor has energized rather than slowed down the business, creating momentum and fresh perspectives that benefit everyone.
The heart of this episode focuses on their new Evolve program—a comprehensive approach that makes professional transition planning accessible through group immersion experiences, ongoing implementation support, and peer community connections. This isn't just anotherconsulting offering; it's a proven methodology that's been tested with larger enterprises and is now available to the broader business community.
Book a discovery call: https://transitionstrategists.com/discovery
Key Topics Covered:
- Successor Energy Effect: How bringing on Andrea accelerated business growth
- The Meta Experience: Navigating succession while helping other families do the same
- Evolve's Three Pillars: Immersion + Implementation + Peer Community
- Starting Without Answers: Beginning the journey before you have it all figured out
- Relationship-First Planning: Keeping families together through complex transitions
- No Financial Conflicts: Advisor-only approach vs. transaction-based models
- Timeline Reality: Why succession takes longer than most families expect
- Community Impact: Supporting the massive generational wealth transfer
Elizabeth and Andrea emphasize that transition is truly a journey, not an event, and that having the right support system makes all the difference in creating successful outcomes for families, businesses, and communities.
Connect with Andrea Carpenter:
LinkedIn: https://www.linkedin.com/in/andreashaver/
Your Next Gen Friend Podcast: https://yournextgenfriend.com/podcast
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and LauraChiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
Ready to explore what a collaborative transition could look like?
Schedule a discovery call: https://transitionstrategists.com/discovery
Chapters in this episode:
00:00 Introduction to Transition Updates and Evolve Program
02:10 The Energy of Bringing On a Successor
04:09 Andrea's Meta-Experience as Successor and Guide
06:33 Introducing the Evolve Program Vision
08:44 The Three Pillars: Immersion, Implementation, Community
11:06 Starting Without All the Answers
13:28 Supporting Both Owners and Successors
15:47 What Makes Evolve Different
18:10 Business Size and Accessibility
20:29 The Evolve Process Experience
22:42 Invitation to Explore
What does it look like to navigate succession from the inside? In this episode, Elizabeth Ledoux sits down with Kayla Kernick, who offers a rare dual perspective as both a family business successor and a Transition Guide with The Transition Strategists.
Kayla shares her personal journey with Spring Creek, her family's business in Canada, where she initially entered organically through a retail opportunity, left when relationships became strained, and returned with clarity about her role and renewed family dynamics. Her story illustrates the common challenges successors face - being seen as more than their family role, managing expectations, and finding their own identity within the family legacy.
Schedule a discovery call: https://transitionstrategists.com/discovery
Key Topics Covered:
- The Organic Entry: How Kayla moved from her own retail business into the family company through a hotel development project
- The Departure Decision: Why stepping away was necessary for both personal growth and family relationship preservation
- Family vs. Business Roles: Navigating the challenge of being seen as a capable leader rather than "just the daughter"
- Governance as Foundation: How starting with board structure and family governance created safety for the transition
- Timeline Reality: Understanding that succession is a journey requiring years of knowledge transfer and development
- Family-First Approach: Making family relationships the priority and keeping business discussions separate
- The IMAP Experience: How understanding each family member's wiring improved collaboration and appreciation
- Legacy Perspective: Building something that lasts beyond one generation and serves the community
Kayla emphasizes the importance of patience, appreciation, and putting yourself in the business owner's shoes. She shares how structured conversations and clear governance helped transform family dynamics and created a path forward that works for everyone involved.
Connect with Kayla Kernick:
LinkedIn: https://www.linkedin.com/in/kaylakernick/
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning":
https://amzn.to/3oq2LQv
Ready to explore what a collaborative transition could look like?
Schedule a discovery call: https://transitionstrategists.com/discovery
Chapters in this episode:
00:00 Introduction to Kayla Kernick and Her Dual Perspective
02:15 Kayla's Journey Into the Family Business
06:30 The Challenge of Being Seen Beyond Family Roles
09:45 Why Stepping Away Was Necessary
13:20 The Weight of Succession Becoming Real
16:15 Making the Journey Fun and Meaningful
19:30 The TTS Process: Starting with Governance
23:45 Becoming a Transition Guide
27:20 Patterns Among Other Successors
30:15 The Power of Understanding Each Other's Wiring
33:45 What Legacy Means to the Next Generation
35:20 Advice for Fellow Successors
This is a solo episode featuring Elizabeth Ledoux exploring the critical elements that most business transition plans overlook. Drawing from nearly 30 years of experience helping families navigate succession, Elizabeth reveals why focusing solely on the "how" and "how much" leads to failed transitions, while addressing the "people side" creates lasting success. She breaks down five key areas that traditional succession plans miss and shares insights from achieving a 100% client success rate.
Show Notes
Most business transition plans focus heavily on financial structure and tax strategy while missing the critical elements that determine whether a transition actually succeeds. In this episode, Elizabeth Ledoux breaks down the five key areas that traditional succession plans overlook and explains why addressing the "people side" of transition is just as important as the numbers.
Elizabeth shares insights from teaching transition planning to advisors and observing how most plans start with the wrong questions. Instead of beginning with "how much money can I get?" and "how do I structure it?", successful transitions start with understanding what matters most to everyone involved.
Get the free 5 parts guide: https://transitionstrategists.com/5parts
Key Topics Covered:
- The Problem with Traditional Planning: Why starting with financial structure misses critical relationship dynamics
- Missing Element #1: Envisioning Your Next Adventure - Understanding what fulfillment looks like beyond business ownership
- Missing Element #2: Developing Successors with Intention - Creating structured learning paths with clear milestones
- Missing Element #3: Honoring Emotional Journeys - Making space for feelings and fears that come with major change
- Missing Element #4: Alignment of Multiple Objectives - Understanding what matters most to everyone affected by the transition
- Missing Element #5: Building Governance Structures - Creating decision-making frameworks that support successor development
- The TTS Success Story: How a people-first approach led to 100% of client businesses continuing to thrive under new leadership
Elizabeth emphasizes that successful transitions require getting other people excited about joining the journey, not just creating a plan in isolation. She introduces tools like the Objectives Matrix and explains how deep conversations about hopes, fears, and dreams create the foundation for transitions that work for everyone involved.
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
Ready to explore what a collaborative transition could look like?
Schedule a discovery call: https://transitionstrategists.com/discovery
Chapters In This Episode:
00:00 Introduction to What Transition Plans Miss
02:19 The Problem with Starting with "How" and "How Much"
04:45 Missing Element #1: Envisioning Your Next Adventure
07:03 Missing Element #2: Developing Successors with Intention
09:29 Missing Element #3: Honoring Emotional Journeys
13:55 Missing Element #4: Alignment of Multiple Objectives
20:55 Missing Element #5: Building Governance Structures
25:41 Taking Action and Using Time to Your Advantage
In this solo episode, Elizabeth Ledoux tackles one of the biggest challenges in business transition: moving from being in complete control to sharing decision-making with your successor.
Elizabeth explains that while business owners often get labeled as "control freaks," control is usually rooted in care for others—protecting employees, family members, and the business itself. However, without a plan to gradually shift from control to collaboration, owners often get burnt out or stuck with nowhere to go.
The key insight? The best transitions are journeys, not events. Rather than a sudden handoff of control, successful transitions involve a gradual shift where successors can learn to lead before they have to dive in completely.
Key topics covered include:
- Why control is often rooted in care, not ego
- The dangers of sudden control handoffs versus gradual transitions
- How trust builds over time through collaboration
- The mindset shift from "I make the decisions" to "we're building this future together"
- Why starting early gives you the gift of time for both owner and successor development
- The biggest mistake owners make: waiting too long to involve others
- How to collaborate without making premature promises
Elizabeth emphasizes that collaboration requires time—successors need experience and knowledge to contribute meaningfully to decisions, and owners need time to develop confidence in their successors.
Chapters in this episode:
00:00 Introduction to Control vs Collaboration
02:30 Why Control is Often Rooted in Care
05:15 The Problems with Sudden Control Handoffs
08:45 Building Trust Through Gradual Transition
12:20 The Mindset Shift: Building the Future Together
16:30 Why Starting Early Gives You the Gift of Time
20:15 The Biggest Mistake: Waiting Too Long
23:45 How to Collaborate Without Making Promises
26:30 Invitation to Discovery Call
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
Ready to explore what a collaborative transition could look like? Schedule a discovery call: https://transitionstrategists.com/discovery
Business owners face a critical question: What happens if you're suddenly not there? In this episode of The Business Transition Roadmap, Elizabeth Ledoux guides listeners through becoming a "business empty nester" - preparing your business and successors to thrive without you. Learn why successful business transitions require planning, how to prepare successors for independence, and discover your Next Adventure beyond ownership. Essential listening for family business owners, succession planning, and anyone considering their business transition timeline.
Elizabeth uses the powerful metaphor of becoming an "empty nester" to help business owners understand the transition process. Just as parents prepare their children for independence, business owners must prepare their teams, successors, and businesses to thrive without their daily presence.
The episode begins with a thought-provoking visualization exercise: What would happen if you could never step foot in your business again, starting today? Elizabeth guides listeners through examining their gut reactions - whether relief or panic - and what those responses reveal about their transition readiness.
Key topics covered include:
- The ripple effects of sudden owner absence on leadership, family, employees, and customers
- Why business transitions should be journeys, not events
- How to help successors become independent while honoring your legacy
- Elizabeth's personal transition story and timeline with her successor Andrea
- The difference between leaving your business and leaving it well
- Planning your "Next Adventure" and rediscovering purpose beyond business ownership
- Creating clarity and peace for everyone affected by your transition
Chapters in this episode:
(00:00) Introduction to Business Empty Nester Concept
(01:46) Visualization Exercise: What If You're Not There Tomorrow?
(05:31) Understanding the Ripple Effects of Owner Absence
(09:50) Building Your Transition Roadmap: Elizabeth's Personal Story
(13:11) Creating Meaningful Exits and Planning Your Next Adventure
(17:24) Providing Clarity and Peace for Your Team and Family
(21:07) Moving from Fear to Love: Starting Your Transition Journey
Elizabeth emphasizes that meaningful exits aren't just about leaving - they're about leaving well. This means preparing successors for both good times and challenging periods, while also discovering what fulfilling life looks like beyond business ownership.
The episode concludes with an invitation to explore the Evolve program, designed to help business owners and successors navigate their transition journeys with confidence and clarity.
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
In this solo episode, Elizabeth Ledoux tackles one of the most challenging aspects of business transition: the false choice between legacy and harmony.
Elizabeth defines legacy as what you leave behind - your business, impact, wealth, and the imprint of your effort and values. Harmony, on the other hand, is how you leave it behind - focusing on relationships, emotional well-being, and unity among all stakeholders.
Many business owners believe they must choose between building a solid legacy and maintaining harmonious relationships. Elizabeth explains why this limiting belief can damage transitions and shares practical strategies for achieving both.
Key topics covered include:
- Why harmony requires transparency and vulnerability from all parties
- The importance of listening without an agenda during transition conversations
- How to lead with a new goal focused on relational strength
- Creating communication bridges between generations with different visions
- The benefits of starting your transition planning early
Elizabeth also introduces the Evolve program, designed to support business owners and successors through their transition journeys while maintaining both legacy and harmony.
Chapters in this episode:
(00:00) Introduction to Legacy and Harmony
(02:41) Defining Legacy and Harmony
(05:54) The Importance of Harmony in Business Transitions
(09:51) The Role of Communication in Achieving Harmony
(13:33) Listening and Understanding Perspectives
(17:47) Leading with a New Goal
(21:47) Creating a Roadmap for Legacy and Harmony
(24:43) Invitation to Evolve Program
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
Peer learning plays a transformative role in the lives of business transitioners and successors. In this episode, Elizabeth and Andrea discuss how peer learning fosters vulnerability, transparency, and growth during critical transitions. They highlight the importance of creating spaces where individuals can exchange knowledge and gain clarity on complex issues.
Elizabeth shares her experience leading peer learning groups and emphasizes their value in navigating business challenges. Andrea offers insights from her personal and professional journey, discussing how peer learning helped her grow into leadership roles.
Together, they explore how communities can provide essential support and accelerate the learning process for both transitioners and successors. This episode is a must-listen for anyone looking to harness the power of community in their transition journey.
Chapters in this episode:
(01:28) Defining Peer Learning and Its Relevance
(02:34) Andrea’s Passion for Peer Learning Groups
(05:04) What Makes Peer Learning Transformative
(07:07) Peer Learning’s Role in Business Transitions
(10:32) Vision for a Peer Learning Organization
(16:34) Addressing Challenges in Business Transitioning
Connect with Elizabeth Ledoux, Andrea Carpenter, and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, Elizabeth Ledoux and Andrea Carpenter explore the intersection of family gatherings and business transitions, offering advice on how to navigate sensitive conversations, maintain family harmony, and ensure a smooth transition process.
The hosts emphasize the importance of setting boundaries, communicating effectively, and being intentional about creating a shared vision for the future of the business. They also share practical tips for making the most of family gatherings while addressing important business matters.
Download our free guide, "The Family Connection Guide: Holiday Edition": https://transitionstrategists.com/holiday-connection-guide
Chapters in this episode:
(01:08) Family and the Holidays
(03:21) Navigating Conversations with Family Members In and Out of the Business
(05:11) Advice for Successors
(08:39) Clear Expectations and Communication
(09:54) Advice for the Matriarchs and Patriarchs
(12:12) Success Stories and Family Traditions
Connect with Elizabeth Ledoux, Andrea Carpenter, and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux is joined by Cody Teets, a Transition Guide for The Transition Strategists.
Cody is a practical, visionary thinker and resourceful Transition Guide to business owners and successors. She brings 25-plus years of experience to each engagement in positioning key stakeholders to succeed in family-business transitions and designing executive succession strategies.
In this episode, Elizabeth and Cody explore the essential aspects of business transition planning, highlighting the importance of early preparation, clear communication, and a focus on the human element. Cody shares her insights on the challenges and successes of business transitions, emphasizing the need for courageous conversations and a willingness to let go.
By addressing potential blind spots and offering practical advice, this episode provides business owners with the tools to navigate the complexities of transition planning and ensure a smooth handover to the next generation.
Learn more about Cody Teets and her work with the Transition Strategists: https://transitionstrategists.com/our-team/cody-teets/
Cody Teets on LinkedIn: https://www.linkedin.com/in/codyteets/
Chapters in this episode:
(03:12) Cody's Passion for Business Transition
(07:22) Unveiling the Common Pitfalls in Business Transition
(11:17) The Physical and Emotional Well-being of the Transitioner
(16:51) The Successor's Journey: Pressure, Performance, and Expectations
(22:15) Leadership Styles and Their Impact on Business Transition
(26:40) The Importance of Open Communication
(29:21) The Role of Family Dynamics in Business Transition
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, Elizabeth explores the importance of creating a sense of urgency in business transitions. She discusses the mindset shifts necessary for a successful succession and shares insights on overcoming common roadblocks like commitment phobia. She also emphasizes the value of envisioning a long-term future and offers strategies for guiding your business and yourself into the next chapter.
Join Elizabeth on a monthly 50-minute online forum, “Collective Conversations”: https://transitionstrategists.co/collective-conversations
Chapters in this episode:
02:30 - Importance of Commitment in Business Transitions
07:14 - Exploring Commitment Phobia
12:42 - Shifting from Scarcity to Abundance Mindset
16:43 - Catalysts for Business Transition Decisions
20:11 - Invitation to Collective Conversations, by Elizabeth and the Transition Strategists
21:38 - Closing Thoughts on Urgency and Vision
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
For the fiftieth episode of this podcast (50 episodes!), Elizabeth Ledoux thought that there was no better way to both celebrate the past and look forward to the future than to invite back to the show her successor, Andrea Carpenter, and discuss their core values.
In this episode, Elizabeth and Andrew explore the following seven core values:
(1) People first.
(2) Independently accomplished and resourceful.
(3) Gracefully nimble.
(4) Positively playful.
(5) Curiously engaged.
(6) Quality achievers.
(7) Genuinely transparent.
If you want to skip ahead to a specific core value, here are the chapters in this episode:
05:19 People first (core value #1)
07:58 Independently accomplished and resourceful (core value #2)
13:15 Gracefully nimble (core value #3)
15:19 Positively playful (core value #4)
16:19 Curiously engaged (core value #5)
18:23 Quality achievers (core value #6)
21:21 Genuinely transparent (core value #7)
Connect with Elizabeth Ledoux, Andrea Carpenter, and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
Marcy McNeal, a business transition guide and coach at The Transition Strategists, once again joins host Elizabeth Ledoux for today’s episode.
In this episode, Elizabeth and Marcy discuss the importance of business governance in family-owned businesses during transitions. They emphasize that governance provides a structured framework for decision-making, fostering inclusivity and reducing personal friction.
Marcy highlights that governance can take time to implement effectively, with a typical timeline of around 6 months for comfort and around a year for consistent use. Elizabeth adds that governance helps in slowing down decision-making to ensure all voices are heard and decisions are transparent.
Connect with Marcy McNeal on LinkedIn: https://www.linkedin.com/in/marcy-mcneal/
Read Marcy’s profile: https://transitionstrategists.com/our-team/marcy-mcneal/
Chapters in this episode:
4:00 Defining Business Governance
4:37 Typical Governance Structures and Business Transition Challenges
9:47 Family Dynamics
12:24 Starting the Business Transition Process
20:39 Decision Levels
24:10 Implementing Board Governance
28:55 Maintaining Family Relationships and Board Effectiveness
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux is joined by Betsy Hoaglund for a discussion about the practical steps Betsy went through to grow her business then transition out of it with a healthy exit strategy.
Elizabeth and Betsy discuss finding the cultural fit between the buyer and the business, prioritizing employee well-being, taking a long-term perspective, and embracing new opportunities.
Thank you to Betsy for being on the show.
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
Chapters in this episode:
6:30 Selling a privately-owned business after 10 years of growth.
14:06 Leadership, decision-making, and succession planning in a business.
18:32 Buying a business and due diligence.
24:30 Selling a business and finding a new identity.
29:58 Business transition and ownership with a focus on preparation, employees, and documentation.
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux once again talks with Andrea Carpenter about the intricacies of business succession and the metamorphosis that both owners and successors undergo during a business transition.
They explore the roles of the "magician" owner and the "apprentice" successor, emphasizing the importance of curiosity, communication, and strategic planning.
The conversation highlights the challenges and rewards of transitioning leadership, offering practical advice for maintaining healthy relationships and clear expectations.
Join our free 90-minute “metamorphosis” workshop for family business owners, successors, and advisors, “From Complexity to Clarity: Navigating Your Family Business Transition Journey”: https://transitionstrategists.co/workshop
Connect with Elizabeth Ledoux, Andrea Carpenter, and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
Chapters in this episode:
0:01 Business succession and transition, with a focus on character and role changes for owners and successors.
8:09 Leadership transition and communication.
15:20 Leadership transition and the roles of the owner/leader and watcher/advisor.
21:05 Challenges of succession planning in family businesses.
25:15 Business transition planning for successors and owners.
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, the second of a two-part series, host Elizabeth Ledoux and guest Andrea Carpenter discuss the possibility of handing the reins of Elizabeth’s business to Andrea. They explore the challenges and opportunities of navigating this deal, which would involve Andrea becoming her boss’s successor.
On a practical level, this conversation reveals the importance of trust, communication, and transparency in potential partnerships and succession planning.
Connect with Elizabeth Ledoux, Andrea Carpenter, and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
Chapters in this episode:
0:02 Business valuation and potential partnership.
6:09 Valuing a business for succession planning.
11:03 Open communication between business owner and successor.
15:58 Transparency and vulnerability in business partnership.
21:15 Business negotiation strategies and transition planning.
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, the first of a two-part series, host Elizabeth Ledoux and guest Andrea Carpenter have a wide-ranging conversation about the possibility of Andrea becoming Elizabeth’s successor at Transition Strategists, Elizabeth’s consultancy that offers transition and business succession planning strategies to families, individuals, and businesses.
Elizabeth and Andrea discuss the value of potentially collaborating together in business, their conversation invites listeners like you to ponder your situation and whether you, like Elizabeth, might want to start planning your own business transition or succession.
They also discuss the difficulties and opportunities that people face when planning business succession, plus conducting personality assessments to evaluate the fit—or lack of fit—between two potential business partners.
Connect with Elizabeth Ledoux, Andrea Carpenter, and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
Chapters in this episode:
(0:01) Finding a successor.
(7:18) Finding the right business partner.
(11:57) Personality assessments and business succession planning.
(20:05) Business transition planning.
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux walks us through a checklist of items that are important for members of a family enterprise to consider when embarking on an intergenerational family transition.
A business transition for a family can be fraught with issues, conflict, and challenges. Yet, with thoughtful planning, an attitude of gratitude, and Elizabeth’s checklist, your family business transition can be smooth and can create opportunities for people to learn, share, and grow together.
Download for free the “Family Business Transition Checklist”: http://transitionstrategists.com/44
Read Elizabeth’s article that she wrote for TIGER 21: “Intergenerational Transition of a Family Enterprise: A Checklist”: https://tiger21.com/insights/generational-family-business-transition/
This article runs through a checklist that includes:
Prioritizing healthy relationships.
Clarifying the enterprise’s culture and legacy.
Managing the distinction between family and enterprise relationships.
Establishing respect between and among generations.
Setting a vision for the future.
Acting with gratitude.
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux is joined by Adams Price, an investment banker and M&A advisor who has led and executed countless transactions in the technology, manufacturing, and supply chain industries.
In this episode, Elizabeth and Adams discuss the challenges of transitioning a business, emphasizing the importance of understanding your objectives and desires and those of family members. With mergers and acquisitions, they explore the need to start the process early so you can prepare financially and gain a clearer understanding of your objectives. Elizabeth and Adams also discuss surrounding yourself with the right advisors and optimizing your company's value and performance.
Connect with Adams Price on LinkedIn: http://www.linkedin.com/in/adamsprice
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
Chapters in this episode:
(0:02) Business succession planning for privately held businesses.
(6:15) Preparing businesses for sale or transition.
(12:08) Strategic planning, IP protection, and financial planning.
(18:14) Financial planning for business owners, including tax implications and investment strategies.
(25:20) Preparing businesses for sale, including valuation, performance, and market conditions.
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
Business transition is a journey, not an event. In this episode, host Elizabeth Ledoux explores the benefits of people considering a business transition to start with: “How?” For example: How will the transfer of your business to your successors be structured?
Taking a structured approach can minimize disruptions and preserve the integrity and legacy of your business.
In this episode, Elizabeth explores three strategies business owners can take when planning to exit a business: liquidation; transitioning to an insider; and transitioning to a third party.
As Elizabeth mentions in this episode, you’re invited to go to https://transitionstrategists.com/42 and download our free “How Transaction Guide” that explores many of the topics of this episode.
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux is joined by Michelle AmRhein, an estate and business lawyer who works in estate planning and business succession.
In this episode, Elizabeth and Michelle discuss the lifetime exemption, which is also known as the lifetime gift tax exemption and is the total amount of money or assets an individual can give to others over their lifetime without incurring gift tax. They discuss the impending halving of the lifetime exemption in US estate planning and the importance of understanding and utilizing these exemptions to minimize taxes and ensure a smooth transition for businesses and families. They also explore estate planning for business owners, particularly in regards to tax implications and family dynamics.
Connect with Michelle AmRhein on LinkedIn: https://www.linkedin.com/in/k-michelle-amrhein-a1071220/
Coan, Payton and Payne’s website: https://www.cp2law.com/
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux is joined by Danielle Scimeca, a lawyer and entrepreneur who runs one of her family’s businesses, FCT Water Treatment, and is involved with other family businesses.
In this episode, Elizabeth and Danielle discuss succession planning and business growth with a family-owned company. They also explore the challenges of succeeding a business owner, including lack of clarity and communication. Danielle also opens up about the challenges of transitioning a business, including the emotional toll on the shareholders and the need for vulnerability and open communication.
Thank you to Danielle Scimeca for being on the show.
Connect with Danielle Scimeca on LinkedIn: https://www.linkedin.com/in/danielle-scimeca-esq-519604279/
FCT Water’s website: https://fctwater.com/
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux is joined by John A. Warnick, the founder of the Purposeful Planning Institute, a fellow of the American College of Trust & Estate Counsel, and author of the Purposeful Trust & Legacies Handbook.
After thirty as a tax and legal advisor to wealthy families, John pivoted to pursue his passion of assisting clients transition their wealth more purposefully. With the Purposeful Planning Institute, John works with clients and their advisors to ensure that the impact of their planning will positively impact future generations.
In this episode, Elizabeth and John discuss John’s passion for purposeful planning and business transition strategies. They also explore transitioning a business with a cabinet of advisors, transitioning a business with a founder who wants to maintain involvement, why we shouldn’t view a business transition as strictly a financial event, and much more.
Connect with John A. Warnick on LinkedIn: https://www.linkedin.com/in/john-john-a-warnick-7044503b/
Learn more about John’s work with the Purposeful Planning Institute: https://purposefulplanninginstitute.com/john-a-warnick/
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux is joined by Nelisha Firestone, who helps people in the financial world stay healthy and whole. A wealth advisor and the founder of Firestone Financial Group, Nelisha works with owners through all stages of their business.
Nelisha and Elizabeth delve into the intricacies of financial planning and estate management for business owners. Nelisha shares personal anecdotes, stressing the importance of establishing trust and relationships with financial advisors early on. She also emphasizes the need for business owners to diversify their wealth beyond their primary business to mitigate over-reliance on a single income source. The conversation also explores building a team for business succession and retirement planning, emphasizing the role of successors for smooth business transitions.
Connect with Nelisha Firestone on LinkedIn: https://www.linkedin.com/in/nelisha-firestone/
Learn more about the Firestone Financial Group: https://www.firestonefingroup.com/
Connect with Elizabeth Ledoux and the Transition Strategists:
-
Website: https://transitionstrategists.com/
-
Facebook: https://www.facebook.com/thetransitionstrategists
-
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
-
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
-
Spotify: https://spoti.fi/3MxSYA2
-
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux is joined by Andrea Carpenter, the Director of Programming at The Transition Strategists.
In this episode, Elizabeth and Andrea discuss their new Big Six Program, which helps business owners think about their business transition and plan for the future. They explore the six critical questions that every owner must answer when considering a business transition:
WHY? —Why do you want to transition your business?
WHAT? — What do you have and want to transition?
WHO? — Who will succeed you in ownership?
WHEN? — When will the transition begin and end?
HOW? — How will the transfer be structured?
HOW MUCH? — How much do you need for your ownership interest?
They also discuss proven tools that deliver successful results for owners, families, and businesses going through a business transition.
Learn more about the Big 6 Program featured in this episode: https://transitionstrategists.com/big6/
Connect with Andrea Carpenter on LinkedIn: https://www.linkedin.com/in/andreashaver/
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux is joined by Mark Richards, Principal of the Winged Keel Group.
Mark shares his insights on legacy preservation and wealth transfer strategies. He also shares his personal experience with succession planning, including the importance of having an advisory board to hold him accountable.
Elizabeth and Mark also discuss how life insurance can play a crucial role in legacy preservation for ultra-affluent individuals and business owners. They also discuss the challenge of selecting a trustee for a multigenerational trust, as it requires identifying someone who can make decisions that align with the grantor's intent while also maintaining strong relationships with beneficiaries.
Connect with Mark Richards on LinkedIn: https://www.linkedin.com/in/mark-richards-6472639/
Learn more about the Winged Keel Group: https://www.wingedkeel.com/
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux is joined by Alina Martin, an investor and advisor who was named one of Canada’s Top 100 female entrepreneurs in 2018. These days she’s building new business ventures, running her family office, and also involved in real estate and consulting.
In this episode, Elizabeth and Alina discuss lessons Alina learned after merging two companies, the importance of committing to decisions and not flip-flopping, watching the sign-posts for when it’s the right time to sell your business, and the need for planning what you’re going to do after you sell your business.
Alina Martin on LinkedIn: https://www.linkedin.com/in/alinamartin/
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux is joined by Josh Kanter, CEO and founder of leafplanner, a wealth advisory company that enables families to apply a family office perspective to optimize their impact.
Elizabeth and Josh discuss his decades working in his own family office and as an advisor to other families and family offices, the need to connect legacy planning and estate planning, plus Josh’s leafplanner program that helps families capture, collect, map, and share their information for future generations.
In this episode, Josh mentions the following previous episodes:
The Greatest Wealth Transfer: Ensuring Success in Family Business Transition, with Doug Johnson: https://bit.ly/BTR-Doug-Johnson
The Role Of Emotional Intelligence In Ensuring Successful Business Transitions, with Marcy McNeal: https://bit.ly/BTR-Marcy-McNeal
Wealth Transition Planning, with Brannon Fisher: https://bit.ly/BTR-Brannon-Fisher
Connect with Josh Kanter on LinkedIn: https://www.linkedin.com/in/joshua-kanter/
Website for leafplanner: https://leafplanner.com/
Follow leafplanner on LinkedIn: https://www.linkedin.com/company/leafplanner/
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux is joined by Kyle Recchia, CEO of The Perfect Workout, a personal training company.
In this episode, Elizabeth and Kyle discuss his journey from part-time personal trainer to COO to CEO. They explore challenges of CEO successions, trust in partnerships, and the dynamic of sharing responsibility, with a focus on alignment and accountability. Recchia also reflects on the high learning curve of leadership transitions and highlights his commitment to personal and professional growth. The episode also delves into challenges of ownership transitions and the importance of open communication.
Learn more about Kyle Recchia’s company, The Perfect Workout: https://www.theperfectworkout.com/
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux is joined by Caio Campello, a member of The Transition Strategists team. As an attorney, arbitrator, mediator, negotiator, strategist, and business transition guide (yes, he wears all of these hats!), Caio has worked with families and businesses to resolve disputes and find equitable solutions that benefit all parties.
In this episode, Elizabeth and Caio discuss the challenges and opportunities related to the succession planning process, the importance of a trusted advisor in facilitating communication between the owner and successor in a family business transition, and the shift in mindset for business owners transitioning to a new generation of leaders, from taking full control to trusting the process and building trust in the successor.
Thanks to Caio Campello for being on the show. Check with Caio on LinkedIn: https://www.linkedin.com/in/caio-campello-de-menezes/
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux is joined by Doug Johnson. Doug is the Denver chair of TIGER 21. Throughout his career, he’s been a stockbroker, he’s worked on public and private partnerships, he’s worked with the Department, and he has introduced a socially responsible investment firm to his community.
In this episode, Elizabeth and Doug discuss the importance of communities thriving forward, particularly in the context of family businesses. They also explore the challenges of knowledge transfer in family businesses, highlighting the need for a well-thought-out plan to pass on not just financial wealth but also the wisdom and experience crucial for success. They also touch on topics such as generational wealth transfer, the value of a long runway for succession planning, and the delicate balance between maintaining traditions and allowing for innovation in business.
Doug Johnson on LinkedIn: https://www.linkedin.com/in/dougwjohnson/
Learn about TIGER21, a global peer membership organization for ultra-high-net-worth entrepreneurs, investors, and executives: https://tiger21.com/
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux is joined by James Iacino, the former owner, Chairman, & CEO of the Seattle Fish Company
James shares how his family got started in the seafood business in the early 1900s, including how his grandpa as a teenager pushed a cart around Denver selling oysters that had been trained in from Seattle.
James and Elizabeth also dive into the pressure of being a successor in a family business and the challenges James faced balancing his vision with his company’s established path.
Connect with James Iacino on LinkedIn: https://www.linkedin.com/in/jamesiacino/
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux is joined by Jay Rollins, one of the top real estate people in our country. Over twelve years, he built and then sold a commercial real estate finance company, JCR Capital.
In this episode, Elizabeth and Jay discuss the importance of having a clear timeline for your career, especially as you get older and closer to retirement. They also explore the need to make the most of our limited time left and to prioritize our passions and goals, rather than simply continuing to work for the sake of it.
They also talk about how passing on knowledge and experience to successors is key to a successful business transition.
Connect with Jay on LinkedIn: https://www.linkedin.com/in/jaynrollins/
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux explores her role as a business transition guide. Part consultant, part advisor, Elizabeth works with business owners and wealth creators to figure out the best options for transferring their assets.
Elizabeth and her team at The Transition Strategists often start the process with learning about their client’s values. From there, they explore what the client wants for their future, and how they want their assets—be it their estate and/or their business—to transition to other people. All of this feeds into what Elizabeth calls a roadmap, which is a way for her clients to visualize and attain their financial goals.
Connect with Elizabeth Ledoux and The Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Google Podcasts: https://bit.ly/BTR-Google-Podcasts
Get Elizabeth Ledoux and Laura Chiesman latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, host Elizabeth Ledoux is once again joined by Marcy McNeal, a strategist, transition guide, teacher, and coach at The Transition Strategists.
Elizabeth and Marcy explore various aspects of how social and emotional intelligence pertains to business transitions. Social and emotional intelligence involves more than just self-awareness; it's about accurate self-assessment and understanding how your behavior affects others. To understand the underlying reasons for your emotions and be mindful of how your behavior impacts others, it’s important to seek feedback from colleagues and team members.
Social and emotional intelligence plays a vital role in business transitions. For those leaving a role, being aware of the impact on others and fostering transparency and open communication are crucial. Those stepping into new roles must be adaptable, open to coaching, and mindful of building trust with existing team members.
Connect with Marcy McNeal on LinkedIn: https://www.linkedin.com/in/marcy-mcneal/
Read Marcy’s profile: https://transitionstrategists.com/our-team/marcy-mcneal/
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Google Podcasts: https://bit.ly/BTR-Google-Podcasts
Get Elizabeth Ledoux and Laura Chiesman latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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.
In this episode, Brandon shares his unconventional journey from being a high school English teacher to becoming a certified financial planner, and how he helps families navigate the complexities of wealth management and business transition.
Elizabeth and Brannan also discuss the significance of setting clear financial goals and strategies, navigating family dynamics and legacy wealth, and the emotional challenges faced by business owners post-sale.
Visit the Simon Quick Advisors website: https://simonquickadvisors.com/
Brannon Fisher on LinkedIn: https://www.linkedin.com/in/brannon-fisher-cfp%C2%AE-b45a2b2/
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Google Podcasts: https://bit.ly/BTR-Google-Podcasts
Get Elizabeth Ledoux and Laura Chiesman latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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.
In this episode, Elizabeth and Tom discuss how he got into financial planning and investment advice, his open heart surgery and triple bypass, starting FirstWave Financial, and the importance of understanding what you want with a business transition.
They also discuss Laura Chiesman, the president of FirstWave Financial and co-author (with Elizabeth) of “It’s A Journey – The MUST-HAVE Roadmap to Successful Succession Planning,” which you can learn more about at https://transitionstrategists.com/books/
Tom is a Personal Financial Specialist (PFS), which is a certification for Certified Practicing Accountants (CPAs).
Learn more about Tom on FirstWave Financial’s website: https://firstwavefinancial.com/team-members/tom-kirk/
Connect with Tom on LinkedIn: https://www.linkedin.com/in/thomaslkirk
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Google Podcasts: https://bit.ly/BTR-Google-Podcasts
Get Elizabeth Ledoux and Laura Chiesman latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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.
In this episode, Elizabeth and Eric discuss various strategies for business owners navigating business transitions and ensuring tax efficiency. Eric shares his insights as a tax professional, highlighting key considerations when transferring ownership from one generation to the next. They explore the importance of planning, tax implications of different sale methods, and creating a sustainable wealth-building plan for successors.
Be sure to listen to this episode to learn from Eric’s expertise in tax consulting and planning, evaluation and financial modeling of possible business ventures, and tax compliance.
Connect with Eric Lake:
Website: https://singerlewak.com/employee/eric-lake/
Eric on LinkedIn: https://www.linkedin.com/in/eric-lake-46618524/
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Google Podcasts: https://bit.ly/BTR-Google-Podcasts
Get Elizabeth Ledoux and Laura Chiesman latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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.
In this episode, Elizabeth and Ned discuss the value of businesses and the importance of planning for exit strategies. They emphasize the need for business owners to understand the worth of their businesses and how to transition them into the hands of others.
Ned also emphasizes the importance of involving key employees and family members in the decision-making process. Perhaps msot importantly, Ned urges business owners to start visualizing their lives after the sale, with financial security and a sense of fulfillment.
Connect with Ned Minor:
Website: https://www.minorbrown.com/
Ned on LinkedIn: https://www.linkedin.com/in/nedminor/
Ned's book, Deciding to Sell the Key to Wealth and Freedom: https://www.amazon.com/dp/0965573192
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Google Podcasts: https://bit.ly/BTR-Google-Podcasts
Get Elizabeth Ledoux and Laura Chiesman's latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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.
In this episode, Elizabeth and Doug discuss the following question (which many owners who are planning to pass their business onto the two or three kids hear): “Who’s going to be the CEO?” Doug also dives into his personal views on the importance of succession planning and coaching. They also explore what worked and what didn’t work with Doug’s real-life example of transitioning his company to children.
Visit the website for Damon Industries: http://damonq.com/
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Google Podcasts: https://bit.ly/BTR-Google-Podcasts
Get Elizabeth Ledoux and Laura Chiesman latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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.
In this episode, Elizabeth and Dawn talk about the importance of financial planning, building successful businesses, and transitioning out of them. They also explore the impact of mismanagement and failed financial planning in businesses, the benefits of the Entrepreneurial Operating System (EOS) for business owners, and the importance of looking at the positives and celebrating successes rather than overfocusing on gaps and challenges.
Connect with Dawn Abbott:
Learn more about Dawn’s coaching consultancy, Abbott Coaching: https://abbottcoach.com/
Learn more about how to plan a fun, stress-free event for people over 25 years old by visiting Dawn’s Fun Productions website: https://funproductions.com/
Dawn on LinkedIn: https://www.linkedin.com/in/dawnabbott
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Google Podcasts: https://bit.ly/BTR-Google-Podcasts
Get Elizabeth Ledoux and Laura Chiesman latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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.
In this episode, Elizabeth and Steve discuss the importance of preparing for your transition and building a team that can take over your business operations. Steve shares information about the books he's written on buying and selling businesses. He also emphasizes the need for business owners to have a plan and a bigger purpose in life to fulfill before transitioning out of their business.
Connect with Steve Denny and Innovative Business Advisors:
Website: https://www.linkedin.com/in/steven-denny-iba/
Steve on LinkedIn: https://www.linkedin.com/in/steven-denny-iba/
Steve is the author of “You Don't Know What You Don't Know: A Step-by-Step Guide for Getting the Most from the Sale of Your Business” and “You Don't Know What You Don't Know: Building a Million-Dollar Home Staging Business and Selling It for Top Dollar.” Get Steve’s books on Amazon: https://www.amazon.com/stores/Steven-Denny/author/B08ZH72S8J
Connect with Elizabeth Ledoux and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Subscribe to “The Business Transition Roadmap with Elizabeth Ledoux” on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Google Podcasts: https://bit.ly/BTR-Google-Podcasts
Get Elizabeth Ledoux and Laura Chiesman latest book, “It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning”: https://amzn.to/3oq2LQv
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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 businesses to becoming a mentor to a successor who will take over their roles, and all of their skills and experience as a leader make a huge shift during the process.
You’ll get Debbie’s insight on the leadership skills needed to successfully transition out of a company, as well as the leadership skills a successor needs to take over. She’ll share some amazing success stories from past clients whose leadership abilities led to a successful transition.
Connect with Debbie:
LinkedIn: https://www.linkedin.com/in/changeagent-coach-facilitator-deborah-davis-ms-pcc/
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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.
You’ll get the perspectives of two business transition experts as Elizabeth and Marcy discuss the transition journeys they’ve worked on throughout the years, what makes some transitions more successful than others, and how the businesses that they’ve helped are essential to their surrounding communities.
Connect with Marcy:
LinkedIn: https://www.linkedin.com/in/marcy-mcneal/
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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 Clergy Advantage to move on to their next adventure- guilt-free skiing!
You’ll get the full story of founding Clergy Advantage to transitioning out of a successful business. Sherrye and Steve share their roles, responsibilities, and strategies during this transition and give great insight into running, growing, and exiting a thriving business with your spouse.
Connect with Sherrye and Steve:
Clergy Advantage Website: https://www.clergysupport.com/
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, Elizabeth is joined by Lance Barrett, who founded Barrett and Company CPAs back in 1986. After almost 40 years of growing his successful CPA firm, he is now transitioning on to his next life adventure. As a business advisor himself, Lance has a unique perspective on the interworkings of a business transition, as well as personal experience with his current journey.
You’ll get Lance’s advice on transitioning out of a company you founded, hear stories of the clients he advised and the business lessons he learned from them, and understand what differentiates a thoughtful, successful transition from a failed one.
Connect with Lance:
LinkedIn: https://www.linkedin.com/in/lance-barrett-5610747/
Website: barrett-cpa.com
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
In this episode, Elizabeth is joined by Kelly Robinson, who recently left her partner position at a “big law” firm and launched her own practice. With over 30 years of law experience, Kelly was able to make this transition to successfully launch and expand her own firm to practice family law.
You’ll get to hear about the details of Kelly’s very recent transition and about some of the situations she has seen in her work with family law when businesses are involved. She’ll share what works and what doesn’t, and why planning ahead and thinking out the what-ifs is always the way to go.
Connect with Kelly:
LinkedIn: https://www.linkedin.com/in/kelly-robinson-5882ba4/
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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.
You’ll get to hear about the transition journey that Dianne and Elizabeth have gone through over the last five years of working together, including creating opportunities for others to learn, balancing business relationships, learning to be more intentional, and bringing clarity to the journey by narrowing in on what you’re really trying to build for the future.
Connect with Dianne:
LinkedIn: https://www.linkedin.com/in/diannenolin/
Website: argentbridge.com
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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 dark and that a new owner or new management will change their status quo in a way they don’t like. So how do we overcome our fear as owners and keep our employees calm in a time of uncertainty?
In this episode, Elizabeth discusses the fear that almost every business owner has when it comes to communicating about their business transition. She’ll talk about where these fears come from, and offer up 5 solutions that will help you to talk to and communicate with the people within your business, and also potentially even outside of the business as you go through your transition journey.
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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 since that purchase.
You’ll get to hear the story of Beth’s business transition journey from buying in 2000 to selling in 2023 as they discuss the challenges that came with stepping into a leadership role without any background in the industry, and also the incredible rewards that have come from overcoming those challenges.
Connect with Beth:
LinkedIn: https://www.linkedin.com/in/bethhoffblackmer
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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.
Together, they’ll discuss the successes and challenges with both of these transitions and what the experience was like through Jennifer’s eyes. They’ll also discuss some important lessons that Jennifer learned along her journey and how much it means to hear other business owners’ stories of transition as you embark on your own.
Connect with Jennifer:
LinkedIn: https://www.linkedin.com/in/jennifer-tibbetts-9733755/
Website: mountainfamilycenter.org
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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 a little deeper: how they operate, how they behave, and how they approach challenges and failure in a business.
In this episode, Elizabeth shares the five main characteristics you should be looking for in a successor to maintain the health, well-being, and overall success of your business in the long term. You’ll learn that it’s not just their skills and knowledge in the company, but who they are as a person and a professional that will shape the future of your business.
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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 those employees and place value in the things they care about.
In this episode, Elizabeth shares how you can create a positive perception from your employees and keep up your good relationships as you take them through your transition. The power is in your hands to create a path that not only gets you the things you want out of your business, but keeps everyone else feeling satisfied.
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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.
The question of “who” in business succession is so essential and so complex that we can’t fit it all into just one episode. In this episode, we’re highlighting some important pieces of this topic before diving deeper into a series of episodes centered on choosing your “who”.
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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 teacher and mentor to your successor.
In this episode, we’re talking about the 6 qualities owners need to have the best chance at a successful transition journey. Inspired by courage. Inspired by Innovation and Entrepreneurship by Peter Drucker, these qualities are essential to prepare your successor and your business for the best transition possible.
Get Innovation and Entrepreneurship by Peter Drucker: https://www.amazon.com/Innovation-Entrepreneurship-Peter-F-Drucker/dp/0060851139
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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.
Listen in to hear more about Jennifer’s career and life leading up to her succession of The Light Center, and get an inside look at how a business transition can work between family members.
Connect with Jennifer:
Website: lightcenterinc.com
LinkedIn: https://www.linkedin.com/in/jennifer-johnson-8a33714a/
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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.
In this episode, we’ll be talking about 3 of the most common assumptions business owners make about succession and debunking them with what really happens instead. It’s important to be well-informed about your transition, but don’t let that lead you to false expectations or concerns that keep you from going down that path to a healthy and successful transition.
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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 causes them to get stuck when it’s actually time to transition.
In this episode, you’ll find out the importance of preparing yourself for the transition journey in advance. There are so many pieces to be moved and tasks to be completed along the way that trying to do it all at once just won’t work. Learn how you can set yourself up for less stress and more options when you’re ready to move on to your next adventure.
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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 value in bringing people you trust into the transition journey with you. Whether your successor is a family member or an internal employee, you have to work together to ensure that your business will continue to build and grow without you.
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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 her passion for helping business owners take their next steps and start new adventures.
Check out Curt Bear and The LoCo Experience Podcast:
Website: https://www.locothinktank.com/
LinkedIn: https://www.linkedin.com/in/curt-bear/
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
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 how the Business Transition Roadmap can help you navigate your journey through business transition or succession.
Connect with Elizabeth and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
LinkedIn: https://www.linkedin.com/company/transitionstrategists/
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.