Crafting Your Exit

Bootstrapped Unicorns: Entrepreneurship with Josh Pies

LINK TO YOUTUBE: https://youtu.be/PdAeEbiyybQ

YOUTUBE CHANNEL: https://www.youtube.com/@BootstrappedUnicornsPodcast

ORIGINAL RELEASE DATE: April 2024

RELEASE DATE: October 2024

EPISODE: 27

SHOW NOTES:

Bootstrapped Unicorns Podcast Episode 27 | Crafting Your Exit: For Business Owners Looking Ahead with guest Laurie Barkman

Ever wondered what it takes to master the art of mergers and acquisitions? No matter where you are in your entrepreneurial journey, this episode of the Bootstrapped Unicorns Podcast can provide you with valuable insight. Host Josh Pies welcomes Laurie Barkman, a seasoned expert in mergers and acquisitions (M&A), to unravel the mysteries of M&A and how it's a game-changer for entrepreneurs. Don't miss out on learning from the best in the business (of business sales)!

Laurie, The Business Transition Sherpa®, and author of The Business Transition Handbook, discusses the importance of preparing businesses for sale or acquisition. She highlights the common issues faced by businesses when selling, underscores the necessity of understanding enterprise value, and suggests strategies for enhancing business valuation. Laurie also touches on the emotional aspects of selling a business, the impact of financial performance on valuation, and she shares personal anecdotes to illustrate these points. Further, the conversation delves into ageless entrepreneurship, showcasing the potential for starting or scaling businesses later in life. Key takeaways include the role of ageless entrepreneurs in mentoring and the importance of having an exit plan regardless of the business size or the entrepreneur's age.

00:00 Understanding Main Street Businesses and Their Market

00:30 Welcome to Bootstrapped Unicorns: Diving into Entrepreneurship and M&A

00:49 Meet Laurie Barkman: A Master of Mergers, Acquisitions, and Entrepreneurial Growth

02:21 Lori's Journey: From Marketing Expert to M&A Advisor

03:27 The Emotional and Technical Sides of Business Transitions

05:43 The Importance of Planning for Business Transition

11:13 Tactical Advice for Entrepreneurs: Assessments and Value Improvement

19:21 Exploring Financial Performance and Business Valuation

24:23 Navigating the Emotional Landscape of Business Sales and Acquisitions

28:22 Exploring Exit Options and Buyer Types

29:37 The Power of Recurring Revenue and Business Transformation

31:14 Understanding Business Valuation and Buyer Perspectives

33:12 Demystifying Mergers and Acquisitions for Small Businesses

36:52 Real-World M&A Challenges and Success Stories

42:21 Empowering Ageless Entrepreneurs: A New Beginning at Any Age

To connect with Laurie:

https://thebusinesstransitionsherpa.com/

For more about our podcast, or to become a guest, visit:

https://www.BootstrappedUnicorns.com

https://www.C47Films.com

The BU Entrepreneurship and Marketing Private (FREE) Facebook Group: https://www.facebook.com/groups/bootstrappedunicorns/

#BootstrappedUnicorns #businesspodcast #entrepreneurmindset #entrepreneurship101 #LaurieBarkman #TheBusinessTransitionHandbook #M&A