Laurie Barkman is the founder and CEO of SmallDotBig LLC, a method advisory agency for business house owners to optimize the benefit of their business anticipating a foreseeable future possession changeover. Furthermore, she is a Husband or wife with Stony Hill Advisors, an M&A firm symbolizing firms on the purchase-aspect or market-side of transactions. During her 25+ year career, Laurie has produced value through electronic transformation at businesses ranging from significant enterprises to startups, such as American Eagle Outfitters, Ingersoll-Rand, Topanga Companions, MediaSite, JazzHR, Burns White, and The Artwork Institutes. As host of the Succession Tales Podcast, Laurie curates conversations with upcoming-technology entrepreneurs. You can obtain her exhibit wherever you listen to podcasts.
Laurie has joined me to discuss the thought of business acquisitions from both equally the seller’s and the buyer’s perspectives. She tells us how you can discover the dangers in your business that probable potential buyers may possibly see and how thoughts can affect the capacity to promote your business. She talks about the relevance of not having your business revolve all over you but creating it in these kinds of a way that it can exist independently, and the nuance among being a business proprietor and possessing a business. We also touch on techniques in which you can construct an attractive business from the start off, escalating organically vs expanding via acquisitions, and the information and factors behind having an correct worth estimation for your business. For extra information and facts, go to the hyperlink underneath to Laurie’s podcast, “Succession Stories”.
“If you want to build a business that 1 working day will prosper without the need of you, then you will established the program now.” – Laurie Barkman
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This week on SmallBizChat Podcast:
- Why are some organizations seemingly unsellable?
- Wherever are the risks in your business?
- How to prepare for a business transition
- The finest way to changeover your business to your family or children
- How to keep emotion out of the offering process
- Figuring out what your business is truly worth
- Techniques for growing benefit in your business
- Frequent pitfalls of mergers and acquisitions
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