Stephanie Hayes, Empowers Established Business Owners to Transform Revenue into Lasting Wealth

02/14/25 • 51 min

Succession planning involves identifying key organizationalpositions and developing action plans for individuals to take over those roles.By comprehensively understanding current and future goals, this preparationensures that the right people occupy the right roles both now and, in theyears, ahead.

According to a recent survey commissioned by Scotiabank,Canadian small businesses are facing challenges related to succession planning.As many small business owners prepare for retirement, findings from the studyreleased in October 2024 indicate that approximately 31% of small businessowners in Canada intend to sell their businesses by 2030. The survey alsoreveals that about 65% of owners have a succession plan; however, 43% of thoseplanning to sell in six years or more do not have a plan.

Business and Exit Strategist Stephanie Hayes believes anythingis possible if you create it yourself. She emphasizes that she is not youraverage business coach—her approach is anything but typical. At times, she maybe above average, and at others, she may be below average, but she guaranteesthat she will never remain stagnant.

You don’t want the average experience either, so you’rehere. You seek connection, thoughtful dialogue, intellect, and innovation. Eachday, you want to feel exceptional—better than average.

Hayes is the founder of Assets to Exits, a pathway forestablished business owners to transition from merely generating revenue tobuilding wealth and preparing for a future exit from their businesses. Thebusiness community often focuses on startups and early growth phases,overlooking established businesses that are profitable yet may leave theirowners feeling stagnant, uninspired, or directionless. Many business ownersmistakenly believe that an exit strategy is only for Silicon Valley startups orventure-funded companies; however, most businesses have already created value. Theycan leverage that value and multiply it over time with some adjustments.

Leveraging her expertise in business model design andinnovation strategy, Stephanie developed an asset-based business model to helpowners shift their focus and work towards a financially rewarding exit.

For more information: https://stephaniehayes.biz/

LinkedIn: @StephanieHayes

You don’t want the average experience either, so you’rehere. You seek connection, thoughtful dialogue, intellect, and innovation. Eachday, you want to feel exceptional—better than average.

For more information: https://stephaniehayes.biz/

LinkedIn: @StephanieHayes

Previous Episode

Strengthening the student experience on college campuses with Ryan Peebles

The 2022 Canadian Student Wellbeing Study, commissioned byStudiosity—a leading online study platform for post-secondary institutions—andconducted independently by Angus Reid, has been fully released. The studyhighlights the critical need for equitable student support by exploring factorssuch as student stress, motivation to achieve high grades, and attitudestowards cheating, segmented by age, household income, location, and field ofstudy. This report also includes year-over-year data from the 2021 survey,aiming to provide the higher education sector with a comprehensiveunderstanding of current students' feelings, commitments, and overallwellbeing.

Key findings include:

76% of students report balancing work and studies.

40% of students have seriously considered dropping out oftheir college or university, marking a five percentage point increase from2021.

54% of students have personally observed cheating, with15% stating it happens frequently.

77% of students believe that cheating has become moreprevalent, attributing this trend primarily to the ease of academic dishonestyin online learning environments.

61% of students feel engaged with their college oruniversity, with 17% strongly agreeing, showing significant differences amongacademic programs.

64% of students are at least somewhat optimistic abouttheir employment prospects after completing their college or universityeducation.

Ryan Peebles, the executive director of the studentrepresentative council at St. Clair College, joins me this week to discuss howstudent support related to advocacy, inclusion, and diversity has evolved overtime. He shares his insights on how a quality college education can preparestudents of all ages for success in the workforce and beyond.

For more information, visit:https://www.stclair-src.org/

Next Episode

Build High-Performing Teams and Businesses with: Marci Schnapp

Recent Gallup research reveals that only 22% of surveyedU.S. workers strongly agree that they feel connected to their team's culture atwork. Team culture encompasses the shared beliefs, behaviors, workingpractices, and values within an organization. For instance, a business mightcultivate a team culture focused on excellence, innovation, or service,depending on its core purpose. Workplace culture is vital as it guides bothindividual and collective actions, making it essential for the success or failureof any organization. By fostering a strong team culture, companies can improveemployee satisfaction, distinguish themselves from competitors, and attract toptalent.

Further research from the Harvard Business Review indicatesthat high-performing teams are exceedingly rare; only 8.7% of respondents ratedtheir teams highly. This study identified five key behaviors related to trustthat set high-performing teams apart. These teams typically begin by discussinghow they will collaborate, leading to fewer misunderstandings and smootherteamwork in the future.

Marci Schnapp is an entrepreneur and visionary leader whocurrently serves as the Founder and Vision Mover at CollabGenius. With over 20years of experience in business, consulting, coaching, and executive search,Marci brings a wealth of expertise to her work. Over the past decade, she hasapplied CollabGenius's innovative teamwork theories and bias-free talentassessment methods. Her focus is on attracting, retaining, and developingindividuals based on their skills, values, and fit within the organizationalculture, which is vital for future success. She excels in identifying andnurturing talent to ensure the organization's growth and success.

CollabGenius is a behavioral science-driven platform thatmodernizes how executive search firms, coaches, business consultants,recruiters, and organizations build high-performing teams and help individualsbecome better team players. With over 20 years of experience in talentassessment, leadership strategy, and team development, I have dedicated mycareer to helping businesses achieve measurable success through data-drivendecisions.

At CollabGenius, we provide the tools and insights to:

🎯 Accurately identify toptalent.

🤝 Design collaborativeand aligned teams.

⚠️ Prevent costly hiring mistakesby understanding candidate behaviors and stress responses.

🔍 Gain clarity byuncovering blind spots and making informed decisions.

📈 Foster sustainableorganizational growth by placing the right people in the right roles.

For more information: https://www.collabgenius.io/

LinkedIn: @MarciSchnapp