Laurie Barkman is the founder and CEO of SmallDotBig LLC, a technique advisory organization for enterprise entrepreneurs to optimize the value of their business anticipating a long term ownership changeover. Moreover, she is a Associate with Stony Hill Advisors, an M&A firm representing providers on the get-aspect or provide-facet of transactions. Through her 25+ 12 months career, Laurie has designed value by means of electronic transformation at organizations ranging from significant enterprises to startups, including American Eagle Outfitters, Ingersoll-Rand, Topanga Associates, MediaSite, JazzHR, Burns White, and The Art Institutes. As host of the Succession Tales Podcast, Laurie curates conversations with up coming-era entrepreneurs. You can obtain her display wherever you pay attention to podcasts.
Laurie has joined me to examine the thought of small business acquisitions from equally the seller’s and the buyer’s perspectives. She tells us how you can recognize the risks in your small business that opportunity purchasers might see and how feelings can impact the capability to offer your business enterprise. She talks about the importance of not possessing your enterprise revolve around you but developing it in this kind of a way that it can exist independently, and the nuance in between becoming a business operator and possessing a business. We also contact on ways in which you can construct an desirable company from the start off, growing organically vs rising by means of acquisitions, and the information and factors at the rear of getting an precise price estimation for your small business. For extra details, check out the url underneath to Laurie’s podcast, “Succession Stories”.
“If you want to establish a organization that 1 working day will prosper without you, then you will established the course now.” – Laurie Barkman
Pay attention to the podcast underneath:
This week on SmallBizChat Podcast:
- Why are some companies seemingly unsellable?
- In which are the dangers in your enterprise?
- How to prepare for a business changeover
- The greatest way to transition your business enterprise to your relatives or kids
- How to preserve emotion out of the offering method
- Figuring out what your company is worthy of
- Methods for escalating value in your enterprise
- Popular pitfalls of mergers and acquisitions
Connect with Molly Gimmel
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