Did you know that only 20% of businesses sell... and 75% of owners express regret after selling?

Dive in as Succession Stories host, Laurie Barkman, talks with Jerome Myers about why just 5 out of 100 of businesses exit with excellence.

Jerome is the founder of Exodus and an award-winning engineer turned business strategist who helps leaders navigate post-exit transitions. Through his NEO Navigator program and DreamCatchers podcast, he guides founders through key life transitions, aiming to help them build a lasting legacy and contribute meaningfully to their communities.

He brings extensive experience from leading a $20M operation in a Fortune 550 corporate startup, and guides founders through key life transitions, aiming to help them build a lasting legacy and contribute meaningfully to their communities.

This episode will get you thinking about how you can exit with excellence!

Topics:

• The Founder's Exit Paradox: Dive deep into the emotional and psychological challenges founders face when exiting their businesses and how to navigate this transition.
• Planning for Post-Exit Fulfillment: Discuss strategies for aligning new ventures and personal passions after exiting a business to ensure continued fulfillment.
• Creating a Purpose-Driven Exit Strategy: Share insights on building an exit strategy that not only maximizes financial returns but also aligns with long-term personal goals.
• The 8 Exits of a Founder: Introduce and explain the framework Jerome developed to help founders understand the different types of exits and how to choose the right one.
• Navigating Identity Realignment After Exit using the N.E.X.T. Framework: Talk about the importance of recalibrating personal identity after leaving a business and how founders can thrive in their next chapter.

Links:

• LinkedIn: linkedin.com/in/jeromemyers
• Website: exittoexcellence.com

Succession Stories is Sponsored by The Business Transition Sherpa®

• LinkedIn: https://www.linkedin.com/company/thebusinesstransitionsherpa/
• Website: https://thebusinesstransitionsherpa.com/
• Book: https://thebusinesstransitionsherpa.com/the-business-transition-handbook/
• Course: https://thebusinesstransitionsherpa.com/course/

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Laurie Barkman interviews Albert Ciuksza to challenges faced by millennial successors as they take over from baby boomer predecessors. Listen in as they discuss Albert's new book, “Succeeding: Stepping Up Without Stepping In It."

There's a demographic shift, with 10,000 baby boomers retiring daily from 2024 to 2027, often skipping over Gen X. There are emotional dynamics of succession that can sabotage successful transitions due to emotional attachment. Dive in to learn about practical tools for navigating succession effectively and avoid leadership mistakes.

Links for Albert:

https://solutions21.com/succeeding/

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📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free digital copy of "The Business Transition Handbook: How To Avoid Succession Pitfalls and Create Valuable Exit Options"

https://thebusinesstransitionhandbook.com

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Laurie Barkman interviews brothers and business partners, David and Chris Sinkinson, about their experience as co-founders of AppArmor, a bootstrapped SaaS business with a $40 million exit. They discuss the importance of understanding product-market fit, the role of unhappy customers in identifying issues, and the significance of recurring revenue in their app business. The conversation highlights the value of building relationships with potential buyers over time, which contributed to their successful exit.

They emphasize the importance of selling at the right time to capitalize on growth potential. The brothers also share their experience of transitioning out of the company and their ongoing efforts to help other entrepreneurs in their new venture called Startup Different. Check out their podcast and new book called “Startup Different.”

Enjoy this episode with Chris and David Sinkinson and their succession story from idea to exit.

Links for Chris and David:

Website: https://www.startupdifferent.com/

LinkedIn: https://www.linkedin.com/company/startup-different/

Instagram: https://www.instagram.com/startupdifferent/

YouTube: https://www.youtube.com/@StartupDifferent/

• LinkedIn: https://www.linkedin.com/company/thebusinesstransitionsherpa/
• Website: https://thebusinesstransitionsherpa.com/
• Book: https://thebusinesstransitionsherpa.com/the-business-transition-handbook/
• Course: https://thebusinesstransitionsherpa.com/course/

❤️ Write a Review on Rate This Podcast: https://ratethispodcast.com/successionstories