13: Search Fund Acquisitions - Jamie Van Buren, Generational Transfer Entrepreneurs

Ralph Ward is the editor of the Corporate Board Magazine and an expert in corporate governance. He’s the author of six books on corporate governance and board issues. I asked him to join me on the show to talk about best practices for private company boards.

It’s about governance and strategic guidance. Boards aren’t just for large public companies. Even newer, privately held firms can benefit from having a board. Boards also get involved in CEO succession planning. We address challenges faced by family businesses and how boards can help navigate these complexities.

Enjoy this Succession Stories episode about why your company might need a board with Ralph Ward.

• Corporate governance and board formation in private companies.
• Board formation in private companies often delayed until crisis strikes
• Private companies can bring in outside directors with experience in succession planning to help founders navigate family dynamics and ensure a smooth transition.
• Advisory boards can help with succession planning and governance in family businesses.
• Advisory boards can provide outside perspectives and help with growth stage challenges in companies.
• Tips and tools for dealing with drama in the boardroom and improving corporate governance.
• Advisory boards can provide valuable networking opportunities for companies, connecting them with important people in their industry.

Find Ralph Here: 

www.corporateboard.com

www.boardroominsider.com

❤️ Show us the love on Rate This Podcast: https://ratethispodcast.com/successionstories

_______________________________________

SIGN-UP FOR NEW MASTERCLASS

TO MAXIMIZE VALUE AND EXIT ON YOUR TERMS:

"Endgame Entrepreneurship: Build With The Exit In Mind"

https://thebusinesstransitionsherpa.com/course/

_______________________________________

Engage with us on our social media platforms:

My Links:

🌐 Website: https://TheBusinessTransitionSherpa.com

⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/

📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options"

🎙 Podcast: https://podfollow.com/succession-stories

🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa

😎 Instagram: https://www.instagram.com/lauriebarkman/

✖️ Twitter: https://twitter.com/LaurieBarkman

😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa

_______________________________________

📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman: 

https://thebusinesstransitionhandbook.com

Welcome back to the Succession Stories podcast. If you’re not already, please give me a follow on LinkedIn and Instagram @lauriebarkman. Be sure to subscribe, and if you enjoy the show, please leave us a review! Go to RateThisPodcast.com/successionstories. 

Today we welcome Alex Neist, a serial entrepreneur and former professional athlete. Alex is the founder of Hostage Tape, a health enhancement product that has quickly scaled into an e-commerce powerhouse, generating seven figures in monthly revenue.

Alex shares his succession stories from AFL quarterback, to tech company founder, and selling the business to a strategic buyer in a cash and equity deal.

You’ll want to hear why Alex decided to leave once his equity vested, and his journey of self-reflection and personal challenges to overcome. Eventually it led to the origin story behind Hostage Tape and how he’s creating scalable businesses around commodity products.

Alex believes that to get better, you have to be able to confront failure.

Enjoy this Succession Stories episode about how to build a scalable business with Alex Neist.

Find Alex Neist Here: https://instagram.com/hostagetape

❤️ Show us the love on Rate This Podcast: https://ratethispodcast.com/successionstories

_______________________________________

SIGN-UP FOR NEW MASTERCLASS

TO MAXIMIZE VALUE AND EXIT ON YOUR TERMS:

"Endgame Entrepreneurship: Build With The Exit In Mind"

https://thebusinesstransitionsherpa.com/course/

_______________________________________

Embark on a journey of understanding and practical application as we navigate the realms of building a scalable business, unveiling the potential for growth and empowerment. Unlock deeper insights into the transformative realm of entrepreneurship and scalability by engaging with us through various social media platforms:

My Links:

🌐 Website: https://TheBusinessTransitionSherpa.com

⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/

📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options"

🎙 Podcast: https://podfollow.com/succession-stories

🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa

😎 Instagram: https://www.instagram.com/lauriebarkman/

✖️ Twitter: https://twitter.com/LaurieBarkman

😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa

_______________________________________

📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman: 

https://thebusinesstransitionhandbook.com

Succession Stories host Laurie Barkman, The Business Transition Sherpa™, welcomes Cesar Quintero, a serial entrepreneur in the foodservice industry.

At age 24, Cesar moved to Miami given the economic turmoil in Venezuela to pursue his dream of starting a business and helping others achieve a healthier lifestyle by founding Fit2Go - the first corporate healthy meal delivery service in Miami. 

Nearly 10 years later, he launched two new companies: RawBar2Go, the first licensed food boats in Florida, and The Profit Recipe, a coaching firm empowering entrepreneurs to work ON the business and not IN the business by implementing best practices and the Entrepreneurial Operating System (EOS). 

With nearly 50 employees at their peak, and $3.5 million in revenue, Cesar was close to burning out. He resented the business because of the lack of time freedom that he felt.

Listen in as Cesar describes his personal journey of rediscovering the passion for his business. Hear how he bounced back by implementing transformative systems and processes; the open book approach to sharing financials with his team, and eventually selling the business to a team member.

Entrepreneur burnout happens more often than you may realize. 75% of entrepreneurs report occasional or frequent burnout.

Enjoy this Succession Stories episode on how to avoid entrepreneur burnout with Cesar Quintero.

❤️ Show us the love on Rate This Podcast: https://ratethispodcast.com/successionstories

Find Cesar Quintero Here: 

Cesar´s Linkedin: https://linkedin.com/in/cesarquintero

Profit recipe website: https://theprofitrecipe.com/

Profit recipe FB: https://www.facebook.com/TheProfitRecipe/

Profit recipe LinkedIn: https://www.linkedin.com/company/the-profit-recipe

_______________________________________

CHECK OUT OUR NEW MASTERCLASS:

"Endgame Entrepreneurship: Build With The Exit In Mind"

https://thebusinesstransitionsherpa.com/course/

Learn how to maximize value and exit on your terms!

_______________________________________

Embark on a journey of understanding and practical application as we navigate ways to avoid entrepreneur burnout, unveiling the potential for growth and empowerment. Unlock deeper insights into the transformative realm of entrepreneurship and scalability by engaging with us through various social media platforms:

My Links:

🌐 Website: https://TheBusinessTransitionSherpa.com

⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/

📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options"

🎙 Podcast: https://podfollow.com/succession-stories

🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa

😎 Instagram: https://www.instagram.com/lauriebarkman/

✖️ Twitter: https://twitter.com/LaurieBarkman

😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa

_______________________________________

📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman: 

https://thebusinesstransitionhandbook.com

Succession Stories host Laurie Barkman, The Business Transition Sherpa®, welcomes Jane Hanson, a nine-time Emmy award winning correspondent. She has an amazing resume as a network co-anchor in New York, and has covered events ranging from the tragedy of 9/11 to the joy of the Yankees victory parades. She has interviewed presidents, business leaders, prisoners, and celebrities. She’s currently a much sought-after communications coach working with top-tier leaders in every field while continuing to emcee, speak and host broadcasts.

Laurie and Jane discuss how leaders have tough conversations, especially when it comes to succession. At the core of everything has got to be respect. Whatever the conversation is, you need to prepare carefully. You also have to make sure that your decision is absolute, there can't be any wavering.

Also hear Jane’s take on the HBO show, Succession, and how she’d advise the sibling rivals if she could.

Enjoy this Succession Stories episode on how to have tough succession conversations with Jane Hanson.

Find Jane Here: https://www.janehanson.com/

❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify

_______________________________________

My Links:

🌐 Website: https://TheBusinessTransitionSherpa.com

⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/

📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options"

🎙 Podcast: https://podfollow.com/succession-stories

🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa

😎 Instagram: https://www.instagram.com/lauriebarkman/

✖️ Twitter: https://twitter.com/LaurieBarkman

😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa

_______________________________________

📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman: 

https://thebusinesstransitionhandbook.com

OR text TRANSITION to +1-762-320-2826

_______________________________________

ONLINE MASTERCLASS COMING SOON:

"Endgame Entrepreneurship: Build With The Exit In Mind"

Join the waitlist: https://thebusinesstransitionsherpa.com/course/

Succession Stories host Laurie Barkman, The Business Transition Sherpa®, welcomes David Newman, author of the business bestseller "Do It! Marketing" and his new book, "Do It! Selling." He's the founder of the Do It! MBA mentoring program and the host of The Selling Show, a top-rated business podcast. 

Laurie and David discuss his take on how business owners can avoid a common succession pitfall related to sales. It’s called the “Rainmakers Dilemma” and happens when the owner of the business drives the sales process and most of the revenue. 

The risk is that if the owner isn’t there, the business is likely to flatline or decline. To dive deeper on this topic, we've also included a link to an ebook about the Rainmakers Dilemma and what to do about it in the show notes as an additional resource for you. 

Enjoy this Succession Stories episode about avoiding sales succession pitfalls with David Newman.

Show links:

Download the Rainmakers Dilemma ebook: https://bit.ly/rainmakers_dilemma

Find David Newman here: https://doitmarketing.com

❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify

_______________________________________

My Links:

🌐 Website: https://TheBusinessTransitionSherpa.com

⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/

📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options"

🎙 Podcast: https://podfollow.com/succession-stories

🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa

😎 Instagram: https://www.instagram.com/lauriebarkman/

✖️ Twitter: https://twitter.com/LaurieBarkman

😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa

_______________________________________

📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman: 

https://thebusinesstransitionhandbook.com

OR text TRANSITION to +1-762-320-2826

_______________________________________

ONLINE MASTERCLASS COMING SOON:

"Endgame Entrepreneurship: Build With The Exit In Mind"

Join the waitlist: https://thebusinesstransitionsherpa.com/course/

Succession Stories host Laurie Barkman, The Business Transition Sherpa®, welcomes Matt DiFrancesco, Principal of HighLift Financial, and host of the "Your Business, Your Life" podcast. 

Laurie and Matt discuss navigating complex family dynamics for business succession planning. How to have difficult conversations with family members, especially children, about their roles in the business and potential ownership succession. Family legacy and continuity planning are essential parts of the conversation as well as common challenges for succession planning in family businesses including timing of decisions.

Enjoy this Succession Stories episode on navigating family business succession planning with Matt DiFrancesco.

Find Matt DiFrancesco here: highliftfinancial.com

Listen in to learn more about:

• Business Exit Timeframe
• Navigating Family Dynamics
• Creating a Family Legacy

❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify

_______________________________________

My Links:

🌐 Website: https://TheBusinessTransitionSherpa.com

⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/

📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options"

🎙 Podcast: https://podfollow.com/succession-stories

🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa

😎 Instagram: https://www.instagram.com/lauriebarkman/

✖️ Twitter: https://twitter.com/LaurieBarkman

😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa

_______________________________________

📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman: 

https://thebusinesstransitionhandbook.com

OR text TRANSITION to +1-762-320-2826

_______________________________________

ONLINE MASTERCLASS COMING SOON:

"Endgame Entrepreneurship: Build With The Exit In Mind"

Join the waitlist: https://thebusinesstransitionsherpa.com/course/

Succession Stories host Laurie Barkman, The Business Transition Sherpa®, welcomes Ross Brannon, Tax Shelter and Private Equity Consultant at CoastalOne.

Ross joined Laurie for a conversation about tax strategies business owners should consider when selling a business. Listen in to learn more about tax deferral and tax mitigation strategies including opportunity zones, installment sales, and diversified investment structures.

Don’t wait until you’re in a transaction to learn about tax mitigation strategies. It’s called financial planning for a reason. You need time to plan.

They also discuss the importance of planning for life after selling your business and why Ross doesn’t believe in the notion of retirement. Find purpose and impact in the next chapter of your life.

Enjoy this Succession Stories episode about tax strategies to consider when selling your business with Ross Brannon.

Find Ross here: https://rossbrannon.com/

Listen in to learn more about:

• Navigating Tax Complexities
• Strategic Exit Planning
• Diversified Financial Approaches
• Avoiding Retirement and Staying Engaged

❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify

_______________________________________

My Links:

🌐 Website: https://TheBusinessTransitionSherpa.com

⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/

📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options"

🎙 Podcast: https://podfollow.com/succession-stories

🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa

😎 Instagram: https://www.instagram.com/lauriebarkman/

✖️ Twitter: https://twitter.com/LaurieBarkman

😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa

_______________________________________

📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman: 

https://thebusinesstransitionhandbook.com

OR text TRANSITION to +1-762-320-2826

_______________________________________

ONLINE MASTERCLASS COMING SOON:

"Endgame Entrepreneurship: Build With The Exit In Mind"

Join the waitlist: https://thebusinesstransitionsherpa.com/course/

Succession Stories host Laurie Barkman, The Business Transition Sherpa(™), welcomes Elliot H. Kallen, President of Prosperity Financial Group, a financial planning and advising firm. Elliot is a three time CEO with a passion for working with family businesses to achieve a meaningful life beyond financial measure.

Listen in as they discuss the emotional aspect of family businesses and the hypothetical umbilical cord that’s hard to sever. It could be a reason why family business owners want their kids to take over– so they can stay close to the action. Or, they may be reluctant to let go of their company baby and plan to work until they die. 

Does the next generation even want to own the business, or do they want the wealth from an exit and the ability to move on? And what’s your retirement strategy? Make it more than watching four hours of TV a day.

Elliot is a proponent of creating a meaningful life. He shared the heart-wrenching story of his youngest son’s death by suicide, and how he’s honoring his memory by taking action to help other families. A Brighter Day charity unites stress and depression resources with teens and their parents with the goal of stopping teen suicide. 

Enjoy this Succession Stories episode about meaningful transitions with Elliot Kallen.

Find Elliot here: https://prosperityfinancialgroup.com/

❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify

_______________________________________

My Links:

🌐 Website: https://TheBusinessTransitionSherpa.com

⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/

📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options"

🎙 Podcast: https://podfollow.com/succession-stories

🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa

😎 Instagram: https://www.instagram.com/lauriebarkman/

✖️ Twitter: https://twitter.com/LaurieBarkman

😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa

_______________________________________

📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman: 

https://thebusinesstransitionhandbook.com

OR text TRANSITION to +1-762-320-2826

_______________________________________

ONLINE MASTERCLASS COMING SOON:

"Endgame Entrepreneurship: Build With The Exit In Mind"

Join the waitlist: https://thebusinesstransitionsherpa.com/course/

Succession Stories host Laurie Barkman, The Business Transition Sherpa(™), welcomes Rocco Cozza, Founder and Managing Partner of Cozza Law Group, for a conversation spotlighting a topic owners may be starting to think about, but not yet talk about – business legacy and succession planning. 

Learn key framing questions to help you think about business legacy and implications for planning your succession. “What do you want people to say about your business when you're no longer here?”

It’s important to plan for your exit from the beginning. If you want to build a business to stay within your family and you want your kids to be involved, have that discussion early and often. 

And if you're not giving yourself a minimum of five years for exit planning, you won’t have enough time to address risk levers and do the planning you need.

Enjoy this Succession Stories episode about business legacy and succession planning with Rocco Cozza.

Listen in to learn more about:

• Critical aspects of planning 
• Finding your business legacy 
• Ways to mitigate risk as you plan ahead
• Achieving exit success without regrets

Find Rocco here: https://www.cozzalaw.com/

❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify

_______________________________________

My Links:

🌐 Website: https://TheBusinessTransitionSherpa.com

⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/

📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options"

🎙 Podcast: https://podfollow.com/succession-stories

🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa

😎 Instagram: https://www.instagram.com/lauriebarkman/

✖️ Twitter: https://twitter.com/LaurieBarkman

😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa

_______________________________________

📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman: 

https://thebusinesstransitionhandbook.com

OR text TRANSITION to +1-762-320-2826

_______________________________________

ONLINE MASTERCLASS COMING SOON:

"Endgame Entrepreneurship: Build With The Exit In Mind"

Join the waitlist: https://thebusinesstransitionsherpa.com/course/

Succession Stories host Laurie Barkman, The Business Transition Sherpa(™), welcomes John Denny, Principal of Denny Civic Solutions and the first client Laurie brought onto the show.

In this episode, Laurie and John tackle a topic close to Laurie’s heart – succession planning and ownership transition.

Listen in as they explore the keys to successful exits without regrets, the nuances of envisioning your business legacy, and discuss critical aspects of planning for the future.

They also highlighted that planning succession isn't taboo; it's an essential conversation for every business owner's future.

Enjoy this Succession Stories episode on ownership succession and legacy with John Denny.

Find John here: https://www.dennycivicsolutions.com/

❤️ Show us the love:  Submit a review for "Succession Stories" on Apple Podcasts or Spotify

_______________________________________

My Links:

🌐 Website: https://TheBusinessTransitionSherpa.com

⏰️ Meet With Laurie: https://thebusinesstransitionsherpa.com/connect/

📘 Book: "The Business Transition Handbook: How to Avoid Succession Pitfalls and Create Valuable Exit Options"

🎙 Podcast: https://podfollow.com/succession-stories

🎥 YouTube: https://www.youtube.com/@TheBusinessTransitionSherpa

😎 Instagram: https://www.instagram.com/lauriebarkman/

✖️ Twitter: https://twitter.com/LaurieBarkman

😺 TikTok: https://www.tiktok.com/@businesstransitionsherpa

_______________________________________

📘 THE BUSINESS TRANSITION HANDBOOK:

Get a free PDF copy of "The Business Transition Handbook" by author Laurie Barkman: 

https://thebusinesstransitionhandbook.com

OR text TRANSITION to +1-762-320-2826