The Business Succession Playbook_ How Leadership and Culture Create a Valuable Business
In this episode, Colette Kemp from SureStep Business Advisors shares her journey and insights on career transitions and the impact of geography on professional paths. She offers humorous anecdotes and discusses SureStep's approach to business advising, including educating clients on sale options and effective employee communication during sales. Colette highlights success stories, explains ESOPs, and shares a successful employee buyout example. Topics include preparing employees for ownership, ideal client profiles, exit strategy planning, business valuation, sale service fees, post-sale advice, handling seller's remorse, and communicating sales to customers. The episode wraps up with industry discussions and final encouragements.
Key Points
- Building strong internal teams and preparing them for leadership roles can significantly enhance a business's value and potential for a successful sale.
- Understanding the true value of your business through regular, thorough valuations is crucial for strategic planning and successful transitions.
- When considering selling a business, maintaining confidentiality and having a neutral party involved can help manage the complexities and emotions of the transition.
Chapters
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| 57:23 |
Transcript
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