Succession Stories is an award-winning podcast guiding entrepreneurs from transition to transaction hosted by Laurie Barkman, The Business Transition Sherpa®. Succession Stories explores the entrepreneurial stages of a business from growth to maturity focusing on value creation, exit planning, succession, and M&A for owner-led companies. If you are an entrepreneur looking for inspiration to create a more valuable business, or an owner who wants to figure out the best way to transition or sel ...
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171: From Reluctant Successor to Innovation Leader, Karen Norheim
43:55
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Today’s episode is a rewind of one of our favorite conversations with Karen Norheim, a second generation CEO of American Crane, a manufacturing company founded by her father. The show first aired in 2021. Listen in as show host Laurie Barkman, The Business Transition Sherpa, talks with Karen about what fueled their succession story. Karen stepped i…
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170: Navigating Family Business Transitions, Maryann Bell
25:18
25:18
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Host Laurie Barkman, The Business Transition Sherpa®, interviews Maryann Bell, a partner at Wingspan Legacy Partners, about the common myths and challenges facing next generation successors in family businesses. Maryann shares insights on the importance of communication, education, and bringing in outside expertise to navigate the delicate dynamics…
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169: The Power of Candid Conversations in Exit Planning, Henry DeVries
26:58
26:58
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Host Laurie Barkman, The Business Transition Sherpa, talks with Henry DeVries, publisher, writer, and CEO of Indie Books International. Listen in as Henry debunks a few myths about creating a sustainable competitive advantage in service businesses through niche specialization. They also discuss the importance of candid conversations in business own…
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168: Introducing The Endgame Entrepreneurship Masterclass! Laurie Barkman
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Join host Laurie Barkman, The Business Transition SherpaⓇ, as she celebrates four years of inspiring conversations and life-changing insights on the Succession Stories podcast. With over 4.5 million companies and $14 trillion of business wealth at stake in the next decade, Laurie's mission to guide entrepreneurs through their succession journeys ha…
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167: Power of Family Business Advocacy and Succession Planning, Pat Soldano
28:17
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Did you know that 87% of the businesses in the United States are family owned? That’s 32.4 million family businesses and they contribute $7.7 trillion to the GDP. Pat Soldano, a strong advocate for family businesses, joins Succession Stories host Laurie Barkman, The Business Transition Sherpa. Pat is the President of Family Enterprise USA (FE-USA) …
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166: Finding the Right Buyer for Your Legacy, Markus Kaulius
40:46
40:46
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From humble beginnings to founding Magnum Nutraceuticals, Markus Kaulius shares the saga of transforming a passion into a $170 million empire with Laurie Barkman, The Business Transition SherpaⓇ. Discover the pivotal moment when Markus transitioned from operator to visionary owner, crafting a culture of empowerment and resilience. Learn how he scal…
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165: How to Overcome Personal Fears in Business Transition, Heather Penny, PhD
28:57
28:57
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28:57
75% of owners express regrets one year after selling. We’re a mission to break the cycle. What do we fear in times of transition? How do we develop a vision for ourselves beyond today? When it comes to business transition, the identity we have – business owner, CEO, leader, family member, all play a part. Heather Penny works with business leaders o…
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164: Do's and Don'ts of Successful Acquisitions, Kyle Grieve
26:23
26:23
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Be sure to subscribe to the show and sign up for our newsletter at https://thebusinesstransitionsherpa.com Host of the #1 stock investing podcast in the world, “We Study Billionaires” Kyle Grieve, joins Laurie Barkman on today’s episode. As part of The Investor's Podcast Network, Kyle helps professional investors and business people all over the wo…
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163: From Niche Digital Business To 7-Figure Exit, Tony Whatley
38:08
38:08
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Laurie Barkman, The Business Transition SherpaⓇ, talks with Tony Whatley, a 20+ year serial entrepreneur, business coach, best-selling author, podcast host, and speaker. Tony is Co-Founder of LS1Tech, an online automotive performance community which grew into the largest of its kind with more than 300,000 registered members and 150 advertising acco…
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162: Revolutionize Your Business Post-Bankruptcy, Greg McDonough
26:35
26:35
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Host Laurie Barkman, The Business Transition Sherpa, is joined by Greg McDonough, Managing Partner of Blackburn Capital Advisors and host of the Chief Endurance Officer Podcast. Listen in as they discuss navigating a business turnaround through bankruptcy.Bankruptcy can be viewed as a tool for recovery rather than a sign of failure. Greg discusses …
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161: Mastering The Art of Successful Transactions, Susan Keller
22:01
22:01
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Host Laurie Barkman, The Business Transition SherpaⓇ, is joined by Susan Keller, Founder of Entrepreneurial Executives. Susan advises businesses from startups to publicly traded companies on growth strategies and transactions. Laurie talks with Susan as a fellow M&A Advisor about why it's valuable for entrepreneurs to get an early start with transi…
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160: Overcoming Fear and Preparing For a Successful Ownership Transition, Jon Eesley
21:14
21:14
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Host Laurie Barkman, The Business Transition Sherpa, talks with Jon Eesley, Partner at Windsor Advisory Group. With over 45 years of experience working with privately held businesses, Jon has helped countless business owners navigate the complexities of succession planning. His approach focuses on understanding clients' personal goals and values to…
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159: Focus on Building Value, Not Just Revenue, Darryl Bates-Brownsword
28:34
28:34
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28:34
Host Laurie Barkman, The Business Transition SherpaⓇ, is joined by Darryl Bates-Brownsword, Managing Partner of Succession Plus in the UK. He hosts The Exit Insights Podcast and is a business consultant with over two decades of experience building and selling companies. They discuss the importance of preparing for business exits and scaling entrepr…
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158: The Secrets of Successful Business Transactions with Reid Tileston
42:27
42:27
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42:27
Unlock the story behind Reid Tileston's remarkable entrepreneurial journey in this episode of Succession Stories. Join Laurie Barkman, The Business Transition Sherpa®, as she sits down with Reid, a driven acquisition entrepreneur, to dive into his inspiring path from a 23-year-old with $100k to a thriving Anytime Fitness franchisee. Through candid …
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157: Creating A Profitable Niche Business to Sell, David Spray
28:45
28:45
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Host Laurie Barkman, The Business Transition Sherpa, talks with David Spray, Founder and President of Export Advisors, which serves the owners of privately-held, U.S. exporting companies. Over the past 20 years, the firm has created more than $400 million in wealth for hundreds of entrepreneurs and their families from the IC-DISC tax savings progra…
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156: Building Your Business With Exit Strategy In Mind, Mike Malatesta
37:46
37:46
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Host Laurie Barkman, The Business Transition Sherpa, talks with Mike Malatesta, CEO of LJP Waste Solutions. Over the past 30 years, Mike's experienced the highs and lows of entrepreneurship. He built and sold two waste recycling companies that grossed more than $500M. He’s also an author, podcaster, and advisor to business owners. Mike talks about …
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155: Successfully Exiting A Family Business After Turning It Around, JV Crum III
39:11
39:11
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Succession Stories host Laurie Barkman, The Business Transition SherpaⓇ, sits down with JV Crum III, founder of the Conscious Millionaire Institute and Conscious World Foundation Inc.–a global non-profit that trains youth to become conscious leaders. What happens when you’re asked to join the family business but then discover there are BIG financia…
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154: Success Secrets For Family Businesses Navigating Growth Crossroads, Meghan Lynch
34:49
34:49
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Succession Stories host Laurie Barkman, The Business Transition SherpaⓇ, is joined by Meghan Lynch, the driving force behind Six-Point Creative, a marketing services firm dedicated to empowering family-owned and closely-held businesses. Meghan's mission is to help family businesses compete against industry giants. Listen in as they explore: The cha…
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153: Discovering The Hidden Secrets Behind A $37 Million Exit, Max Lewis
37:05
37:05
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37:05
Welcome back to the Succession Stories podcast. If you haven't already, be sure to subscribe, and if you enjoy the show, please leave us a review! Go to RateThisPodcast.com/successionstories. Host Laurie Barkman welcomes Max Lewis, entrepreneur and author of “Who Is Max Lewis?” Max shares what led to the eventual sale of his company for $37 million…
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152: Why Your Company Needs a Board, Ralph Ward
27:15
27:15
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Ralph Ward is the editor of the Corporate Board Magazine and an expert in corporate governance. He’s the author of six books on corporate governance and board issues. I asked him to join me on the show to talk about best practices for private company boards. It’s about governance and strategic guidance. Boards aren’t just for large public companies…
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150: How To Build a Scalable Business with Alex Neist, Founder of Hostage Tape
1:00:45
1:00:45
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Welcome back to the Succession Stories podcast. If you’re not already, please give me a follow on LinkedIn and Instagram @lauriebarkman. Be sure to subscribe, and if you enjoy the show, please leave us a review! Go to RateThisPodcast.com/successionstories. Today we welcome Alex Neist, a serial entrepreneur and former professional athlete. Alex is t…
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151: Avoid Burnout: Top Tips For Entrepreneurial Success, Cesar Quintero
36:59
36:59
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Succession Stories host Laurie Barkman, The Business Transition Sherpa™, welcomes Cesar Quintero, a serial entrepreneur in the foodservice industry. At age 24, Cesar moved to Miami given the economic turmoil in Venezuela to pursue his dream of starting a business and helping others achieve a healthier lifestyle by founding Fit2Go - the first corpor…
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149: How To Have Tough Succession Conversations, Jane Hanson
32:22
32:22
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32:22
Succession Stories host Laurie Barkman, The Business Transition Sherpa®, welcomes Jane Hanson, a nine-time Emmy award winning correspondent. She has an amazing resume as a network co-anchor in New York, and has covered events ranging from the tragedy of 9/11 to the joy of the Yankees victory parades. She has interviewed presidents, business leaders…
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148: How to Spot Sales Risk in Your Succession Plan with David Newman
25:41
25:41
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25:41
Succession Stories host Laurie Barkman, The Business Transition Sherpa®, welcomes David Newman, author of the business bestseller "Do It! Marketing" and his new book, "Do It! Selling." He's the founder of the Do It! MBA mentoring program and the host of The Selling Show, a top-rated business podcast. Laurie and David discuss his take on how busines…
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147: How to Talk with Family about Business Ownership Succession, Matt DiFrancesco
32:52
32:52
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32:52
Succession Stories host Laurie Barkman, The Business Transition Sherpa®, welcomes Matt DiFrancesco, Principal of HighLift Financial, and host of the "Your Business, Your Life" podcast. Laurie and Matt discuss navigating complex family dynamics for business succession planning. How to have difficult conversations with family members, especially chil…
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146: Tax Strategies to Consider When Selling a Business, Ross Brannon
31:47
31:47
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31:47
Succession Stories host Laurie Barkman, The Business Transition Sherpa®, welcomes Ross Brannon, Tax Shelter and Private Equity Consultant at CoastalOne. Ross joined Laurie for a conversation about tax strategies business owners should consider when selling a business. Listen in to learn more about tax deferral and tax mitigation strategies includin…
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145: Your Kids Want Your Wealth, Not Your Business, Elliott H. Kallen
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38:08
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Succession Stories host Laurie Barkman, The Business Transition Sherpa(™), welcomes Elliot H. Kallen, President of Prosperity Financial Group, a financial planning and advising firm. Elliot is a three time CEO with a passion for working with family businesses to achieve a meaningful life beyond financial measure. Listen in as they discuss the emoti…
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144: How Will Your Company Be Remembered? Rocco Cozza
24:03
24:03
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Succession Stories host Laurie Barkman, The Business Transition Sherpa(™), welcomes Rocco Cozza, Founder and Managing Partner of Cozza Law Group, for a conversation spotlighting a topic owners may be starting to think about, but not yet talk about – business legacy and succession planning. Learn key framing questions to help you think about busines…
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143: Benefits of Strategic Planning For Transition, John Denny
27:36
27:36
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27:36
Succession Stories host Laurie Barkman, The Business Transition Sherpa(™), welcomes John Denny, Principal of Denny Civic Solutions and the first client Laurie brought onto the show. In this episode, Laurie and John tackle a topic close to Laurie’s heart – succession planning and ownership transition. Listen in as they explore the keys to successful…
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142: Post-Transaction Tax Strategies, Chuck Goldblum
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21:50
Succession Stories host Laurie Barkman, The Business Transition Sherpa(™), welcomes Chuck Goldblum, Founder and Financial Strategist of Hurley Capital. Today's episode is critical if you’re planning to sell your business. Laurie and Chuck discuss a topic many owners want to know more about – maximizing net proceeds after a sale. Listen in as they e…
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141: Winning at Organic Growth with Shawn O'Malley at "We Study Markets"
27:36
27:36
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Succession Stories host Laurie Barkman, The Business Transition Sherpa™, welcomes Shawn O’Malley, Chief Editor and Financial Writer for "We Study Markets" at The Investor's Podcast Network. “We Study Markets” financial newsletter has quickly gained traction with 36,000 daily readers at the time of this recording. The essence of this episode is abou…
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140: Exploring Ownership Succession and Legacy with Ken Rusk
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Succession Stories host Laurie Barkman, The Business Transition Sherpa™, welcomes Ken Rusk, founder of Rusk Industries. Ken's journey is a blueprint for blue-collar entrepreneurship. He’s on a mission to redefine the narrative around blue-collar jobs in his book, "Blue Collar Cash.” Laurie and Ken explore the topics of ownership succession, sale to…
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139: How Transferable Are Your Business Assets? Heather Pearce Campbell
37:36
37:36
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Succession Stories host Laurie Barkman, The Business Transition Sherpa(™), welcomes Heather Pearce Campbell, The Legal Website Warrior. Heather equips entrepreneurs with tools to champion positive change and safeguard businesses. Her passion for working with entrepreneurs extends to her popular podcast “Guts, Grit, and Great Business.”. Laurie and …
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138: How To Maximize Wealth and Your Legacy, Tim Scannell
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18:45
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Succession Stories host Laurie Barkman, The Business Transition Sherpa(TM), welcomes Tim Scannell, Managing Director, Partner at Hightower Great Lakes. Tim is the Managing Director at Hightower Great Lakes and host of "The Wealth Stream Podcast." As an expert in proactive wealth management and tax planning, Tim guides families and business owners t…
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137: Planning for the Unexpected In Your Business, Pat Ennis
32:22
32:22
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32:22
Succession Stories host, Laurie Barkman, is joined by Pat Ennis, Founder of Ennis Legacy Partners. With decades of experience in financial services, Pat has extensive understanding of the challenges business owners face. Because 100% of owners will eventually exit, it's important to understand the 6Ds– risks that can derail a business like death, d…
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136: Reasons Why Your Business Won't Sell and What To Fix Now, Christine Nicholson
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33:03
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A majority of small businesses that intend to exit don’t actually sell. A big reason is owner-dependency. A business that can’t thrive without its owner will likely be less desirable to buyers. Listen in as Succession Stories host Laurie Barkman, The Business Transition Sherpa, talks with Christine Nicholson, an award-winning business mentor in the…
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135: Turning Down Family Business Succession, Pete Walsh
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Pete Walsh is a Master Coach and a trusted advisor who brings real-life lessons to his family business and executive clients. Pete is the first guest on Succession Stories who turned down next generation succession. In 1919, Pete’s great uncle and grandfather started Walsh Bros. as a typewriter repair company in the times of the US wild west. As th…
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134: How Business Owners Capitalize Retirement, Christopher Panagiotu
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36:50
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Christopher A. Panagiotu is a respected financial author, podcaster, and trusted wealth manager. His financial planning business in Washington state, CAPitalize Your Finances, led him to create a podcast and book of the same name, “CAPitalize Your Finances: The How-To Financial Framework That Takes You from Compoundingly Clueless to Monetarily Magn…
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133: Don’t Stand In The Way of Your Business Growth and Transition, Rick Vanasse
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Rick Vanasse advises CEOs and rising leaders as Chair with Vistage, a global membership organization. He’s like a CEO whisperer, creating space for leaders to address strategic questions from an organizational, personal, and business standpoint. Rick chairs Vistage groups in DC, Baltimore, and Annapolis, Maryland. Listen in as Succession Stories ho…
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132: Should You Keep or Leave Your Business and Other Soul-Searching Questions, Brian Trzcinski
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This episode provides great questions to help you think about what can protect your business and create wealth. Brian Trzcinski, Director of Business Market Development with MassMutual, joins host Laurie Barkman to discuss questions business owners need to answer to enhance value and reduce risk. Like what would your business be worth today if you …
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131: How Sibling Rivalry Disrupted Succession of This Family Business, Eva Fischer
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When it comes to family business succession, will dysfunction prevail? Eva Fischer was the chair of the family business, Brunata, one of Scandinavia's largest clean-tech companies, and at the helm during its turnaround. Eva talks candidly with host Laurie Barkman about how the business consumed the family, and caused relationships to become dysfunc…
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130: Get Intentional With Your Business Legacy, John Lee Dumas @EOFire [Legacy Series]
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If you’re a fan of business podcasts, you might know the name John Lee Dumas (JLD), founder and host of the award-winning show, Entrepreneurs on Fire. Since launching in 2012, JLD has interviewed over 3,000 of the world’s most successful entrepreneurs. With over 100 million listens, he’s turned the show into a media empire generating 7-figures of n…
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129: Original Maroon 5 Drummer Ryan Dusick Talks About His Exit and Finding Recovery
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Ryan Dusick is the founding drummer of Maroon 5, one of the world’s most popular bands. In the nineties, Ryan and his high school buddies Adam Levine and Jesse Carmichael dreamed about making it big…and they did! Ryan joins host Laurie Barkman to talk about his book, “Harder to Breathe: A Memoir of Making Maroon 5, Losing It All, and Finding Recove…
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128: [LEGACY SERIES] How This Entrepreneur Is Planning His Future Exit and Benefiting From Talking About It, Bill Spohn
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When is the right time to transition your business? Bill Spohn, President and Owner of TruTech Tools, plans to retire in three years. TruTech Tools is an award-winning e-commerce reseller of tools and test instruments for HVAC and building performance professionals. He’s working on making the company less dependent on him by adding capable leaders,…
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127: Telling Stories of Smaller Companies That Sell, Alexis Grant with They Got Acquired
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What do small business owners wish they had done differently before selling? While the attention on billion dollar mergers and acquisitions, detailed information about acquisitions of smaller businesses is harder to find. Alexis Grant launched an online media platform, They Got Acquired, to help founders understand deal-making in the lower middle m…
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126: Ownership Succession: Why It's Hard to Walk Away Financially and What to Do About It - Regina Beatty
29:27
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Are you prepared for the emotional realities of succession planning? Regina Beatty, an advisor with the financial planning group, Heritage Financial Consultants, joins Laurie Barkman on Succession Stories to discuss how to prepare and transition a business to the next owner, while navigating the financial and emotional challenges associated with tr…
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125: The Ownership Journey and Life After The Deal with Bruce Werner
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If your goal in life is to have no regrets, what are the things you need to address now to be happy about your business transition? Bruce Werner, family business advisor and author of “The Ownership Journey,” joins Laurie Barkman on Succession Stories to discuss how a board of advisors or family board can help with the growth and transition of your…
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124: How to Create Value with Million Dollar Ideator Mike Stemple
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For any business, regardless of size, innovation is an essential part of growth. We live in the age of entrepreneurs who are disrupting large companies more than the large companies are disrupting each other. Technologies like generative AI are enabling us to create value at a rapid pace. How do we explore new ideas that can drive radical value for…
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123: Reward and Retain Key Employees to Maximize Exit Value and Transition Options - Anna Felix, StrongHold Wealth Partners
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The earlier you plan for life after exiting your business, the more successful your transition will be. Determine your post-exit goals and work towards a number that helps you achieve your preferred lifestyle. Anna Felix, Smart Money Strategist with StrongHold Wealth Partners, talks with host Laurie Barkman about long-term incentives that owners mi…
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122: How to Buy a Company as an Acquisition Entrepreneur - Ben Rizzo, Hartwood Point
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Ben Rizzo, Founder of Hartwood Point, makes direct private investments across the US and UK, primarily in operator-led buyouts. Ben talks with Succession Stories host, Laurie Barkman, about acquisitions, and how he turned around a distressed business and sold it in just two years. Having experience on both sides of M&A deals, Ben shares practical t…
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