Business Transition Roadmap with Elizabeth Ledoux

Have you ever wondered how business owners who've done everything themselves are supposed to hand over decision-making to the next generation — without it all falling apart?In this solo episode, Elizabeth Ledoux takes a deep dive into business governance and why it's not the obstacle most owners assume it is. She walks through the three levels of decision-making in any business (CEO/job level, board level, and shareholder level), explains why most small business owners have them all smashed together, and shares how pulling them apart creates a real learning platform for successors. Elizabeth also introduces two practical tools — the board constitution and decision levels — that she's used with clients for years to transfer authority gradually, build trust, and set up businesses to thrive beyond their founders.Key takeaways from this episode:Most small business owners resist governance because they associate it with losing autonomy — but it's actually the structure that makes successful transitions possible.Three levels of business decision-making exist in every company: job/CEO level, board level, and shareholder level. In small businesses, these are usually collapsed into one person.The board is a learning platform — it gives successors a structured space to develop judgment, debate ideas, and earn trust before taking full authority.A board constitution defines how the board operates: who's on it, how often you meet, what's expected, and how you remove someone. It can be as structured or flexible as you need.Decision levels act as "brakes and gas" — you can move authority between the board and the CEO role gradually, giving successors more autonomy as trust grows.Building a functioning board takes 1–2 years of practice, cadence, and learning — and it's worth every bit of that investment.Connect with Elizabeth Ledoux and The Transition StrategistsWebsite: https://transitionstrategists.com/Subscribe to "The Business Transition Roadmap"Spotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxOur Sister Show: Your Next Gen FriendHosted by Andrea Carpenter, Your Next Gen Friend is for the next generation stepping into leadership in family and private businesses. If you're a successor figuring out your path, this show is for you.Website: https://yournextgenfriend.com/Instagram: https://www.instagram.com/yournextgenfriend/YouTube: https://www.youtube.com/@yournextgenfriendAndrea on LinkedIn: https://www.linkedin.com/in/andreakcarpenter/Spotify: https://yournextgenfriend.com/open-spotifyApple Podcasts: https://yournextgenfriend.com/apple-podcast

What if the hardest part of succession isn't strategy but identity?In this episode, Elizabeth Ledoux sits down with Dennis Passis to explore the concept of "founder paralysis," the very real inability of founders to step away from the business they built. At the heart of it? A question most founders avoid: What am I going to do for the rest of my life?Dennis shares how founders often stay stuck not because they lack capability, but because they lack clarity on what comes next. From fear of irrelevance to lack of trust in the next generation, this conversation gets into the emotional realities behind succession and what it takes to move forward with confidence and purpose.What You'll Hear in This Episode:What "founder paralysis" really is and why it's so commonThe hidden question that keeps founders stuckSigns a founder is holding on too long (and what it costs the business)Why founders are "fixers" and how that shapes their next chapterThe role of identity, ego, and fear in successionWhy having something meaningful to move toward changes everythingConnect with Dennis PassisFamily Wealth Library: https://www.familywealthlibrary.com/Book "Founder Paralysis" : https://www.amazon.com/Founder-Paralysis-Business-Founders-Identity/dp/B0D9P68R8JConnect with Elizabeth Ledoux and The Transition StrategistsWebsite: https://transitionstrategists.com/Subscribe to "The Business Transition Roadmap"Spotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxOur Sister Show: Your Next Gen FriendHosted by Andrea Carpenter, Your Next Gen Friend is for the next generation stepping into leadership in family and private businesses. If you're a successor figuring out your path, this show is for you.Website: https://yournextgenfriend.com/Instagram: https://www.instagram.com/yournextgenfriend/YouTube: https://www.youtube.com/@yournextgenfriendAndrea on LinkedIn: https://www.linkedin.com/in/andreakcarpenter/Spotify: https://yournextgenfriend.com/open-spotifyApple Podcasts: https://yournextgenfriend.com/apple-podcast

What do you do when conflict is already present in your family business—and it’s not going away?In this episode, Elizabeth Ledoux sits down with Marcy McNeal to explore how families can navigate existing tension without damaging relationships or the business itself.From inherited behavioral patterns to unclear expectations and emotional reactions, this conversation gets to the root of why conflict feels so personal—and how to move it back into a productive, business-focused space.If you’ve ever felt stuck in difficult conversations, unsure how to hold your ground without shutting down or escalating, this episode offers practical tools you can use immediately.What You’ll Hear in This Episode:Why family conflict often starts long before the business The critical difference between hard conversations and real conflict How childhood dynamics show up in leadership roles Why clarity of expectations removes emotional tension How curiosity can shift even the most difficult conversations The danger of tying love to agreement in family systems Connect with Marcy McNealLinkedin: https://www.linkedin.com/in/marcy-mcneal/Subscribe to “The Business Transition Roadmap”Spotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxWebsite: https://transitionstrategists.com/

What if the real risk to your family business transition isn’t tax strategy or structure, but unspoken emotions?In this episode, Elizabeth Ledoux welcomes Franco Lombardo to explore the concept of emotional governance and why creating safe space within family systems may be the missing link in long-term legacy success.Franco shares how his own journey from wealth management to family dynamics work began with confronting shame and misaligned purpose. From there, the conversation dives deep into sibling rivalry, entitlement, silence between generations, and why many families invest heavily in governance structures but very little in emotional maturity.If you are navigating transition, preparing heirs, or feeling tension beneath the surface of your family business, this episode will challenge you to look deeper.Key Topics Covered:What emotional governance actually means and why it mattersWhy families break down slowly, not suddenlyThe danger of silence in family systemsThe disconnect between generations around preparednessWhy entitlement often stems from parental rescue patternsThe importance of addressing emotional maturity before wealth transferFranco also shares insights from his newly released research study on emotional disconnection in family enterprises, available via his LinkedIn profile.Subscribe to Business Transition Roadmap on your favorite podcast player.Elizabeth & The Transition StrategistsWebsite: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/YouTube: https://www.youtube.com/@transitionstrategistsSubscribe to The Business Transition RoadmapSpotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMux🔗 Connect with Franco Lombardo:Website: https://www.veritage.ca/LinkedIn: https://www.linkedin.com/in/francesco-lombardo-496a7966/Research Study: Available via LinkedIn (type “research” in message request)

You planned your exit. You sold the business. You got a good deal.Now what?In this episode of Business Transition Roadmap, Elizabeth talks with John Arnolfo, former owner of the Silver Grill Café, about what really happens after you hand over the keys. While the sale itself came together quickly—over breakfast and a handshake—the emotional transition took far more intention.John shares what surprised him most about retirement, why social connection mattered more than golf or travel, and how writing a memoir became the unexpected “next thing” that gave him purpose again.If you’re a business owner contemplating a sale—or already navigating life after one—this conversation is both grounding and hopeful.What You’ll Hear in This Episode:How a competitor’s phone call led to a handshake deal in three meetingsWhy planning for transition 30 years early made all the differenceThe unexpected emptiness that can follow even a successful saleThe importance of social energy and identity beyond the businessLessons from failed experiments—and knowing when to let goHow writing a memoir became John’s new “jump out of bed” reasonWhat makes a win-win external sale truly possibleSubscribe to Business Transition Roadmap on your favorite podcast player.Elizabeth & The Transition StrategistsWebsite: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/YouTube: https://www.youtube.com/@transitionstrategistsSubscribe to The Business Transition RoadmapSpotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMux

Why does transition feel so heavy?Most business owners delay transition not because it’s complicated—but because it feels final, emotional, and identity-threatening. In this episode, Elizabeth Ledoux challenges the idea that transition is something to survive. Instead, she introduces four transition principles and the three C’s—clarity, confidence, and communication—that make transition energizing instead of overwhelming.If you’re an owner, leader, or successor who has been putting off important conversations, this episode will help you reframe transition as a journey you design—not an event you dread.What You’ll Hear in This Episode:Why transition fails when it’s avoided—not when it’s complicatedThe difference between treating transition as an event vs. a journeyWhy “letting go” creates resistance—and “passing forward” builds confidenceThe evolution from Transition 1.0 and 2.0 to Transition 3.0How clarity of the next adventure unlocks momentumWhy clarity, confidence, and communication must be threaded throughout the processVisit The Transition Strategists to explore the Evolve Program, designed to help multiple generations build clarity, confidence, and communication together.Subscribe to Business Transition Roadmap on your favorite podcast player.Elizabeth & The Transition StrategistsWebsite: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/YouTube: https://www.youtube.com/@transitionstrategistsSubscribe to The Business Transition RoadmapSpotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxChapters in This Episode00:00 – Welcome & Why Transition Feels Heavy02:10 – Why Transitions Fail (Avoidance vs. Design)03:45 – Transition as a Human System05:05 – The Three C’s: Clarity, Confidence & Communication06:40 – Principle 1: It’s a Journey, Not an Event08:30 – Why Events Create Panic & Avoidance09:45 – Principle 2: Pass It Forward, Don’t Let Go11:40 – Building Confidence for Transitioners & Successors12:55 – Principle 3: Transition 1.0 Explained13:50 – Transition 2.0 Explained14:45 – Transition 3.0: Collaborative Design16:20 – Ongoing Dialogue vs. One-Time Declarations17:05 – Principle 4: Clarity of the Next Adventure18:20 – Transition Expands People19:10 – Invitation to Start the Journey & Explore Evolve

Why do so many business transitions fail—even when the legal documents are “perfect”?In this episode of Business Transition Roadmap, Elizabeth Ledoux breaks down Transition 3.0, a collaborative approach to succession that moves beyond secrecy and top-down announcements. She explains how traditional transition models often create shock, quiet resentment, or surface-level alignment—and why involving the next generation before decisions are finalized dramatically improves outcomes.Elizabeth outlines the differences between Transition 1.0, 2.0, and 3.0, showing why compliance is not commitment, assumptions create risk, and people support what they help create. If you’re an owner planning for the future—or a successor trying to understand where you fit—this episode offers a clearer path forward.What You’ll Hear in This Episode:The three transition models most owners use without realizing itWhy secrecy and “I’ll tell them when it happens” creates riskHow Transition 2.0 improves timing but still falls shortThe difference between compliance and commitmentWhy most transitions fail on the human sideHow collaborative design increases clarity, buy-in, and durabilityElizabeth & The Transition StrategistsWebsite: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/YouTube: https://www.youtube.com/@transitionstrategistsSubscribe to The Business Transition RoadmapSpotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxChapters in This Episode 00:00 – Introduction to Transition 3.0 01:05 – Succession Planning vs. Transition Strategy 02:15 – Transition 1.0: “I’ll Tell Them When It Happens” 04:30 – The Shock, Risk, and Fallout of Secrecy 06:40 – Transition 2.0: Informing Without Including 09:30 – Compliance vs. Commitment 11:15 – Why Assumptions Undermine Transitions 12:40 – Transition 3.0: Collaborative Design Explained 14:50 – Including the Human Side of Transition 16:40 – Why Transition 3.0 Works 18:00 – Invitation to the Evolve Program & Closing Reflection

What happens when you’ve done everything you were “supposed” to do—and it still doesn’t feel like enough?In this episode of The Business Transition Roadmap, Elizabeth Ledoux sits down with executive coach Jeff Munn, who specializes in helping founders and business owners move past the letdown of success and the overthinking that follows major milestones.Jeff shares his own journey as a lawyer, consultant, and executive who checked every box—only to discover that outer achievement can’t replace inner clarity. Together, they explore why busyness becomes an avoidance strategy, how identity gets tangled up in leadership roles, and why transition becomes more meaningful when leaders focus on feeling fully alive in their purpose, mission, and impact.This episode is an invitation to slow down, clear the noise, and get honest about what you want next—before the next chapter is decided for you.What You’ll Hear in This Episode:Why “winning on paper” can still leave leaders feeling stuckJeff’s journey from overachiever to executive coachThe emotional letdown that often follows major successHow overthinking replaces clarity during transitionWhy busyness can become an avoidance strategyIdentity shifts during succession, exit, and leadership changeThe importance of slowing down before making big decisionsHow purpose, aliveness, and impact shape what comes nextConnect with Jeff MunnLinkedin: https://www.linkedin.com/in/jeffmunn/Creating Extraordinary Futures: https://jmunn.com/Elizabeth & The Transition StrategistsWebsite: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/YouTube: https://www.youtube.com/@transitionstrategistsSubscribe to The Business Transition RoadmapSpotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxPodcast theme music by Transistor.fm.Chapters in This Episode00:00 — Welcome & Introducing Jeff Munn02:02 — Winning on Paper but Still Feeling Stuck03:45 — The Limits of Outer Success06:00 — Panic, Pressure & the Overachiever Identity07:54 — Meditation, Awareness & Slowing Down09:13 — Leaving the Law Firm & Trusting Intuition11:18 — Clearing Noise to Find What Matters12:48 — Busyness as an Avoidance Strategy14:50 — Slowing Down to See the Next Move17:41 — Transition, Legacy & Identity Shifts18:30 — Focusing on Where You’re Going—Not Just What You’re Leaving20:49 — Designing Transition Together23:51 — The Power of a Compelling Next Chapter25:57 — Why You’re Allowed to Slow Down27:12 — Final Reflections & Closing

What if not knowing exactly how your transition will unfold was actually a gift—not a liability?In this solo episode, Elizabeth Ledoux invites business owners and successors to rethink the idea of readiness in succession planning. Through a real client story and her own experience transitioning ownership without a successor initially in place, Elizabeth reframes uncertainty as a powerful strategic tool.She explains why waiting until you “know for sure” often leads to avoidance, anxiety, and missed opportunities—and how adding time to the transition equation creates clarity, confidence, and stronger relationships. If you’ve been holding off because you don’t feel ready, this episode is your permission slip to begin anyway.What You’ll Hear in This Episode:Why readiness is a myth in business transitionHow “not knowing” can actually reduce anxietyElizabeth’s personal transition story—and what surprised her mostWhy transition works best as a journey, not an eventThe power of time in building clarity, confidence, and communicationHow the “gap vs. gain” mindset impacts founders and successorsWhy starting early creates better outcomes—even without a successorOne small step you can take today to begin your transition journeyConnect with Elizabeth & The Transition StrategistsWebsite: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/YouTube: https://www.youtube.com/@transitionstrategistsSubscribe to The Business Transition RoadmapSpotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxChapters in This Episode00:00 — Welcome & The Gift of Not Knowing01:10 — Why We Think We’re Supposed to “Know”02:30 — A Client Story That Changed the Question05:20 — Starting a Transition Without a Successor07:45 — The Myth of Readiness in Transition10:10 — Why Time Lowers Anxiety and Builds Trust12:20 — Gap vs. Gain: Shifting the Mindset13:55 — Using Not Knowing as a Tool14:45 — One Small Step to Begin Today

What if the deal falls apart—not because of finances or operations—but because no one knows who owns the website, the data, or the digital tools?In this episode, Elizabeth Ledoux sits down with digital asset expert Paige Wiese to uncover why digital infrastructure is now a critical driver of business value during succession or sale. Paige explains how unseen risks—vendor ownership, missing access, compliance gaps, and undocumented systems—can quietly derail transactions or drastically reduce valuation.This conversation is essential listening for owners, successors, and advisors who want to future-proof businesses and protect the value they’ve spent years building.In This Episode:What qualifies as a “digital asset” in today’s businessesWhy buyers care deeply about digital infrastructure—especially late in due diligenceThe seven pillars of digital asset ownership and protectionCommon “no moments” that trigger panic during transitionsHow vendor contracts can unintentionally strip ownershipReal stories of lost websites, frozen systems, and emergency recoveriesWhy digital continuity planning protects both value and legacyHow to start preparing your digital assets now—before transition pressure hitsGuest InformationPaige Wiese is the founder and CEO of Tree Ring Digital, a Denver-based digital agency specializing in high-performance websites, digital asset protection, and data-driven marketing strategies. With over 16 years in the industry, Paige developed a proprietary digital asset management framework to help businesses protect value, reduce risk, and maintain continuity during growth and transition. Connect with Paige Wiese & Tree Ring DigitalWebsite & Digital Asset Checklist:https://treeringdigital.com/transitionstrategistsPaige on LinkedIn:https://www.linkedin.comConnect with Elizabeth Ledoux & The Transition StrategistsWebsite: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/YouTube: https://www.youtube.com/@transitionstrategistsSubscribe to The Business Transition RoadmapSpotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxChapters in This Episode00:00 — Welcome & Why Digital Assets Matter02:01 — Paige’s Journey & Founding Tree Ring Digital03:36 — What Counts as a Digital Asset05:38 — “No Moments” That Trigger Transition Panic07:29 — Digital Infrastructure as Core Business Value09:26 — The Seven Pillars of Digital Asset Protection11:54 — Vendor Ownership & Contract Landmines14:55 — Delegation, Trust & Knowledge Gaps16:40 — Digital Assets as Exit-Readiness Infrastructure18:31 — How Buyers Evaluate Digital Risk19:53 — Where to Start: Checklists & Ownership Mapping21:10 — Digital Due Diligence & Trust Building23:19 — Digital Continuity Management Explained25:22 — Why Human Support Still Matters27:17 — Knowledge Transition & Asset Handoffs28:43 — Real Crisis Story: Sudden Loss & Recovery31:14 — Reframing Digital Assets in Your Roadmap33:10 — Acceleration of Digital Dependence34:45 — Paige’s Final Advice35:28 — How to Connect with Paige36:04 — Closing Reflections

What if the biggest risk in your transition isn’t taxes or valuation—it’s making assumptions about the people you love?In this episode, Elizabeth Ledoux and her successor-partner Andrea Carpenter unpack how Transition 3.0 is changing the way families think about succession. Instead of designing a transition for your successors, Transition 3.0 invites you to build it with them—reducing assumptions, strengthening communication, and dramatically increasing success.They explore why 60% of transitions fail, why proactive planning protects relationships, and how the Evolve program helps owners create clarity, optionality, and momentum—whether they plan to exit in 2 years or 12.What You’ll Hear in This Episode:Why 60% of transitions fail—and why communication is the real reasonThe difference between Transition 1.0, 2.0, and 3.0How assumptions become landmines in family and partner dynamicsWhy designing transition with your successors changes everything The Evolve program and what makes it differentWhat owners get wrong about timing—and why the best time to plan is before you want to leaveHow clarity reduces advisor costs and accelerates decision-makingReal stories from families who were proactive… and those who waited too long🔗 Connect with Elizabeth & The Transition StrategistsWebsite: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/YouTube: https://www.youtube.com/@transitionstrategists🔗 Connect with Andrea Carpenter & Your Next Gen FriendWebsite: https://yournextgenfriend.com/Instagram: https://www.instagram.com/yournextgenfriend/YouTube: https://www.youtube.com/@yournextgenfriendLinkedIn: https://www.linkedin.com/in/andreashaver/🎧 Subscribe to The Business Transition RoadmapSpotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxChapters in This Episode00:00 — Welcome & Why We’re Talking About Evolve01:26 — The People-First Path to Transition02:44 — Why 60% of Transitions Fail04:36 — The $83.5 Trillion Wealth Transfer & What’s at Risk06:33 — Protecting Relationships: The Real Asset08:05 — What Transition 3.0 Is (and Why It Works)09:46 — Assumptions That Derail Owners11:43 — Avoidance as a Decision13:35 — The Transition Compass: Why, What, Who, When15:41 — Optionality, Timing & Planning Before You’re Ready17:20 — Identity Work & Life Beyond the Business19:49 — Resetting Family Dynamics & Addressing Tension22:42 — The Evolve Program & How It Works25:11 — The Transformation: Clarity, Behavior Change, Strategy28:53 — Story 1: Reactive Family Crisis → Reconnection30:38 — Story 2: Proactive Partners → Faster, Clearer Decisions34:11 — Starting Even Without a Successor34:36 — Why the Best Time to Start Is Now35:45 — Legacy and Harmony: Yes, You Can Have Both37:35 — The Application Process & Who Evolve Is For39:12 — Take a Small Step: Your Future Depends On It40:02 — Closing Thoughts

What if the biggest obstacle in your transition isn’t strategy—it’s fear?In this episode, Elizabeth Ledoux unpacks the fears that hold founders and successors in place, even when they say they want forward movement. She explains how hidden fears shape decisions, limit communication, and keep people isolated at the exact moment they need connection the most.Through real client examples, Elizabeth explores why transitions trigger identity questions, financial worries, concerns about relevance, and a desire to keep “skeletons in the closet.” She offers mindset shifts and practical insight for naming fear, understanding it, and moving through it with clarity and bravery.In this episode:The fears that keep entrepreneurs and successors stuckFear of loss, fear of relevance, fear of conflict, fear of regretWhy isolation amplifies fear—and connection shrinks itThe cost of staying stuck: missed opportunities, silent resentment, delayed decisionsShifting from the “gap” to the “gain”Why bravery is less about bold action and more about letting someone inHow transparency, shared vision, and conversation unlock momentum The role of the Evolve program and immersion work in breaking fear-driven patterns🔗 Connect with Elizabeth Ledoux & The Transition StrategistsWebsite: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/YouTube: https://www.youtube.com/@transitionstrategists🔗 Connect with Andrea Carpenter & Your Next Gen FriendWebsite: https://yournextgenfriend.com/Instagram: https://www.instagram.com/yournextgenfriend/YouTube: https://www.youtube.com/@yournextgenfriendLinkedIn: https://www.linkedin.com/in/andreashaver/🎧 Subscribe to The Business Transition RoadmapSpotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMux

What if the most important part of your business transition is the part that feels uncertain?Elizabeth sits down with Susan K. Bradley, CFP®, CeFT®, founder of the Sudden Money® Institute, to explore how the in-between moments of change hold the greatest potential for creation and clarity. Susan brings nearly three decades of experience guiding families and advisors through the emotional, relational, and structural layers of transition.Together they unpack liminality, the creative tension between endings and beginnings, and why navigating it with awareness builds resilience and renewal.In this episode:• How Susan went from financial planning to founding the Financial Transitionist® Institute• Why “the human side drives the bus” during transitions• How disruption creates new patterns, possibilities, and perspectives• Liminality defined — and why living the question leads to better outcomes• The concept of “informed intuition” for advisors and successors• Using structured conversations to create shared understanding in families• The importance of patience, anchors, and guides in transition journeysConnect with Susan Bradley:Website: https://suddenmoney.comTEDx Talk: “Change Launches You Into the Next Great Chapter of Your Life”Connect with Elizabeth Ledoux and The Transition Strategists:Website: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/YouTube: https://www.youtube.com/@transitionstrategistsConnect with Andrea Carpenter and Your Next Gen Friend:Website: https://yournextgenfriend.com/Instagram: https://www.instagram.com/yournextgenfriend/YouTube: https://www.youtube.com/@yournextgenfriendLinkedIn: https://www.linkedin.com/in/andreashaver/Subscribe to The Business Transition Roadmap:Spotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMux

How do you transfer trust—built over decades—without losing clients, team confidence, or momentum?In this conversation, Elizabeth and brand strategist Meghan Lynch dig into the human side of brand during succession. Meghan reframes “brand strategy” as the practical process of making a company’s reputation transferable—pulling stories and decision rules out of a founder’s head, mapping the messaging, and sequencing one-to-one conversations so key stakeholders see continuity and new energy.They also cover where transitions derail (silence driven by fear), how to pace internal vs. external comms, and why the work goes better when brand wraps around the legal, governance, and personal readiness work already in motion.What You’ll Hear in This Episode:Brand = reputation: a plain-English way to align founders, teams, and marketsThe “impossible hand-off” myth—and how process makes trust transferableInternal vs. external comms: what to say first, to whom, and how oftenWhy fear + silence break transitions (and what to say instead)Systematizing founder judgment: stories, language, and decision heuristicsTimelines that work: why 24–36 months changes the outcomeConnect with Meghan Lynch:Website: https://sixpointstrategy.comLinkedIn: https://www.linkedin.com/in/melynch/Podcast: Building Unbreakable Brands (with Henry)Connect with Elizabeth Ledoux and The Transition Strategists:Website: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth 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/@transitionstrategistsSubscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:Spotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxCheck out "Your Next Gen Friend Podcast" with Andrea CarpenterSpotify: https://yournextgenfriend.com/open-spotifyApple Podcasts: https://yournextgenfriend.com/apple-podcastGet Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQvReady to explore what a collaborative transition could look like?Schedule a discovery call: https://transitionstrategists.com/discoveryChapters in This Episode:01:00 Meet Meghan Lynch, Six-Point Strategy02:05 Origin Story: From marketing to succession-savvy brand strategy05:27 Brand = Reputation: A language shift founders get08:05 “The 50-Year Hand-Off” Problem: Why it feels impossible11:09 Time as a Strategy: Why long runways win13:18 Fear & Silence: The #1 way transitions tank16:23 Brand Wraps the Plan: Aligning with legal + governance work18:08 Internal vs. External: Sequencing who hears what, when22:35 How Long It Takes: 24–36 months to shift the story arc25:42 Retention = Value: Strategy that keeps clients & team together27:09 Letting Go: From stewarding personally to stewardingsystemically29:36 Closing Takeaway: Make reputation transferable

Who’s next?It’s one of the most powerful—and loaded—questions in any family business transition. In this episode, Transition Guides Marcy McNeil and Deborah Davis unpack “The Who,” a cornerstone of the Transition Compass, and reveal why clarity around ownership, leadership, and stewardship is the true foundation of a successful transition.They share how honest conversations about readiness, desire, and alignment help families move from assumption to shared understanding—and how even uncomfortable truth can bring freedom when it’s named with empathy. Whether you’re the current owner, the rising generation, or somewhere in between, this episode will help you see that “The Who” is not just about roles—it’s about relationship, purpose, and legacy.What You’ll Hear in This Episode:Why “The Who” is the emotional heartbeat of transition planningHow to separate ownership from leadership—and why that distinction mattersWhat to do when no one (or everyone) wants to be nextHow Transition Guides help families talk about readiness and callingReal-world stories of clarity, relief, and breakthrough momentsThe surprising gift of hearing, “Maybe it’s not me—and that’s okay”🔗 Connect with The Transition StrategistsWebsite: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsLinkedIn: https://www.linkedin.com/company/transitionstrategists/YouTube: https://www.youtube.com/@transitionstrategistsElizabeth Ledoux: https://www.linkedin.com/in/elizabethledoux/Schedule a Discovery Call: https://transitionstrategists.com/discovery🕓 Chapters in This Episode00:00 Introduction to “The Who” on the Transition Compass01:35 Why the People Question Is the Hardest One04:25 Founders’ Fears: Letting Go of the Reins08:10 Successor Assumptions and Honest Conversations11:45 When Ownership and Leadership Aren’t the Same16:50 Real Client Stories: Relief in Naming the Truth21:15 The Role of a Guide in Surfacing Readiness25:30 The Emotional Shift from Control to Collaboration30:05 How to Begin Exploring Your “Who” as a Family34:20 Key Takeaways & Where to Learn More

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 PhDWhy knowing your history strengthens identity across generationsThe fears that keep families from sharing their stories—and how to face themWhy legacy is about influence, not just assets How storytelling heals old wounds and opens new connectionA practical DIY guide to capturing your own family legacyCheck out Kasia Flanagan's work:Website: https://everydaylegacies.comFree 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/thetransitionstrategistsElizabeth 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/@transitionstrategistsSubscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:Spotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxCheck out "Your Next Gen Friend Podcast" with Andrea CarpenterSpotify: https://yournextgenfriend.com/open-spotifyApple Podcasts: https://yournextgenfriend.com/apple-podcastGet Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQvReady to explore what a collaborative transition could look like?Schedule a discovery call: https://transitionstrategists.com/discoveryChapters in This Episode 00:00 Welcome & Introduction01:17 Kasia’s Childhood and the Power of Family Stories03:34 Why Knowing Your Story Shapes Identity05:28 The Fears Behind Telling Your Story08:24 How Stories Bridge Generations & Break Down Facades11:24 Redefining Legacy: More Than Assets15:33 Healing Through Storytelling & Vulnerability17:34 How Everyday Legacies Helps Families Capture Their Story19:42 Public Biography vs. Private Family Story22:12 What Legacy Means to Kasia Personally25:30 Legacy as Fluid, Not Fixed26:24 A Practical Challenge: Start Recording Your Story Today28:01 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 TakeawaysThe 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/adamchillFearless Family Business Podcast: https://open.spotify.com/show/5K0guqNH7IpkKf0qkxByn9?si=087d5de0d30c4df9EOS Implementer Profile / Contact: https://www.eosworldwide.com/adam-hillConnect with Elizabeth Ledoux and The Transition Strategists:Website: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth 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/@transitionstrategistsSubscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:Spotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxCheck out "Your Next Gen Friend Podcast" with Andrea CarpenterSpotify: https://yournextgenfriend.com/open-spotifyApple Podcasts: https://yournextgenfriend.com/apple-podcastGet Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQvReady to explore what a collaborative transition could look like?Schedule a discovery call: https://transitionstrategists.com/discoveryChapters 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-scoreConnect 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 thingFear of being misunderstood or not having a voice👉 Schedule a discovery call : https://transitionstrategists.com/discoveryKey Topics CoveredWhat the Objectives Matrix is and why it’s essential How stating objectives in present tense shifts energyReal stories of emotional clarity and breakthroughsWhy deal breakers matter more than you thinkUnderstanding > alignment: building mutual respectThe role of a guide in creating psychological safetyHow secrecy can lead to conflict—and clarity can prevent itTurning succession from a transaction into a transformationConnect with Elizabeth Ledoux and the Transition Strategists:Website: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth 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/@transitionstrategistsConnect 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/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxGet Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning":https://amzn.to/3oq2LQvReady to explore what a collaborative transition could look like?Schedule a discovery call: https://transitionstrategists.com/discoveryChapters in this episode00:00 Introduction to Transition Work and the Objectives Matrix01:45 Marcy and Debbie’s Journeys as Transition Guides04:10 The Role of a Guide vs. Coach or Consultant08:25 Uncovering the Why with the Objectives Matrix12:40 Client Breakthroughs and Emotional Moments16:55 The Power of Deal Breakers21:15 Moving from Transaction to Transition26:20 Real-World Examples of Shared Objectives31:05 Creating Psychological Safety in the Process36:10 Owner Fears and the Vulnerability of Letting Go40:45 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/discoveryKey Topics Covered:Successor Energy Effect: How bringing on Andrea accelerated business growthThe Meta Experience: Navigating succession while helping other families do the sameEvolve's Three Pillars: Immersion + Implementation + Peer CommunityStarting Without Answers: Beginning the journey before you have it all figured outRelationship-First Planning: Keeping families together through complex transitionsNo Financial Conflicts: Advisor-only approach vs. transaction-based modelsTimeline Reality: Why succession takes longer than most families expectCommunity Impact: Supporting the massive generational wealth transferElizabeth 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/podcastConnect with Elizabeth Ledoux and the Transition Strategists:Website: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth 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/@transitionstrategistsSubscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:Spotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxGet Elizabeth Ledoux and LauraChiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQvReady to explore what a collaborative transition could look like?Schedule a discovery call: https://transitionstrategists.com/discoveryChapters in this episode:00:00 Introduction to Transition Updates and Evolve Program02:10 The Energy of Bringing On a Successor04:09 Andrea's Meta-Experience as Successor and Guide06:33 Introducing the Evolve Program Vision08:44 The Three Pillars: Immersion, Implementation, Community11:06 Starting Without All the Answers13:28 Supporting Both Owners and Successors15:47 What Makes Evolve Different18:10 Business Size and Accessibility20:29 The Evolve Process Experience22:42 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 NotesMost 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/5partsKey Topics Covered:The Problem with Traditional Planning: Why starting with financial structure misses critical relationship dynamicsMissing Element #1: Envisioning Your Next Adventure - Understanding what fulfillment looks like beyond business ownershipMissing Element #2: Developing Successors with Intention - Creating structured learning paths with clear milestonesMissing Element #3: Honoring Emotional Journeys - Making space for feelings and fears that come with major changeMissing Element #4: Alignment of Multiple Objectives - Understanding what matters most to everyone affected by the transitionMissing 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 leadershipElizabeth 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/thetransitionstrategistsElizabeth 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/@transitionstrategistsSubscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:Spotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxGet Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQvReady to explore what a collaborative transition could look like?Schedule a discovery call: https://transitionstrategists.com/discoveryChapters In This Episode:00:00 Introduction to What Transition Plans Miss02:19 The Problem with Starting with "How" and "How Much"04:45 Missing Element #1: Envisioning Your Next Adventure07:03 Missing Element #2: Developing Successors with Intention09:29 Missing Element #3: Honoring Emotional Journeys13:55 Missing Element #4: Alignment of Multiple Objectives20:55 Missing Element #5: Building Governance Structures25:41 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 egoThe dangers of sudden control handoffs versus gradual transitionsHow trust builds over time through collaborationThe 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 developmentThe biggest mistake owners make: waiting too long to involve othersHow to collaborate without making premature promisesElizabeth 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 CallConnect 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/@transitionstrategistsSubscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player: Spotify: https://spoti.fi/3MxSYA2 Apple Podcasts: https://apple.co/3IhMMuxGet Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQvReady 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 TransitioningConnect 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 TraditionsConnect 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 TransitionConnect 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 Transitions07:14 - Exploring Commitment Phobia12:42 - Shifting from Scarcity to Abundance Mindset16:43 - Catalysts for Business Transition Decisions20:11 - Invitation to Collective Conversations, by Elizabeth and the Transition Strategists21:38 - Closing Thoughts on Urgency and VisionConnect 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.