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Laurie Barkman is the founder and CEO of SmallDotBig LLC, a technique advisory agency for enterprise homeowners to maximise the worth of their firm anticipating a future possession transition. Moreover, she is a Companion with Stony Hill Advisors, an M&A agency representing firms on the buy-side or sell-side of transactions. Throughout her 25+ yr profession, Laurie has created worth by means of digital transformation at firms starting from giant enterprises to startups, together with 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 next-generation entrepreneurs. You’ll find her present wherever you take heed to podcasts.
Laurie has joined me to debate the concept of enterprise acquisitions from each the vendor’s and the client’s views. She tells us how one can determine the dangers in your enterprise that potential patrons would possibly see and the way feelings can impression the power to promote your enterprise. She talks concerning the significance of not having your enterprise revolve round your self however constructing it in such a approach that it could possibly exist independently, and the nuance between being a enterprise proprietor and proudly owning a enterprise. We additionally contact on methods in which you’ll be able to construct a horny enterprise from the beginning, rising organically vs rising by means of acquisitions, and the data and elements behind getting an correct worth estimation for your enterprise. For extra data, go to the hyperlink beneath to Laurie’s podcast, “Succession Tales”.
“If you wish to construct a enterprise that sooner or later will thrive with out you, then you’ll set the course now.” – Laurie Barkman
Take heed to the podcast beneath:
This week on SmallBizChat Podcast:
- Why are some companies seemingly unsellable?
- The place are the dangers in your enterprise?
- The way to put together for a enterprise transition
- The easiest way to transition your enterprise to your loved ones or kids
- The way to preserve emotion out of the promoting course of
- Determining what your enterprise is value
- Methods for rising worth in your enterprise
- Widespread pitfalls of mergers and acquisitions
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