Risks That Can Sabotage Business Transfers - Episode 142

In this episode, Laurie Barkman, a seasoned exit strategist and author, shares insights on business transition, exit planning, and building transferable value. She discusses common pitfalls, the importance of succession planning, and how business owners can prepare for a successful exit. Key Topics Business transition and exit planning Common pitfalls in business transfer Building transferable business value Succession planning and owner dependency Employee bench and leadership development Timing and communication during exit Choosing the right buyer and exit options Internal vs external transfer of business Tools and resources for exit planning About the Show: The M&A Mastermind Podcast provides actionable insights and effective strategies tailored for dealmakers in the lower middle market. Hosted by Nick Olsen, the show features conversations with leading industry experts who share valuable knowledge on topics such as industry intelligence, deal management, collaborative successes, and specialized expertise. Listeners who support small to medium-sized business owners will find practical tactics and advice they can immediately apply to advance their mastery in mergers and acquisitions. Tune in Every Week: Subscribe: https://www.youtube.com/@UCl0qSCwwZLyZxY7RnqNghiw Apple: https://podcasts.apple.com/us/podcast/the-m-a-mastermind-podcast/id1726394585 Spotify: https://open.spotify.com/show/4fpVjEXbJ0FXKMgEK0m7QQ  Find all our episodes at https://cornerstoneia.com/podcast/ Resources The Business Transition Handbook - https://lauriebarkman.me/book Succession Stories Podcast - https://podcasts.apple.com/us/podcast/succession-stories/id123456789 Business Transition Sherpa - https://btsherpa.com Laurie Barkman - LinkedIn - https://www.linkedin.com/in/lauriebarkman/ Keywords: Exit planning, business transition, succession, value creation, ownership transfer, business sale, exit strategy, business growth, leadership, entrepreneurship, mergers & acquisitions, M&A, sell side, buy side, valuation