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Succession Stories

Succession Stories

Laurie Barkman

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1 Creator

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1 Creator

Succession Stories is an award-winning podcast guiding entrepreneurs from transition to transaction hosted by Laurie Barkman, The Business Transition Sherpa®. Succession Stories explores the entrepreneurial stages of a business from growth to maturity focusing on value creation, exit planning, succession, and M&A for owner-led companies. If you are an entrepreneur looking for inspiration to create a more valuable business, or an owner who wants to figure out the best way to transition or sell their closely held company, this podcast is for you. Hosted by Laurie Barkman, Amazon best-selling author of "The Business Transition Handbook: How to Avoid Transition Pitfalls and Create Valuable Exit Options." Learn more about Laurie's strategic business transition planning and M&A advisory services by visiting: https://thebusinesstransitionsherpa.com
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4 Listeners

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Top 10 Succession Stories Episodes

Goodpods has curated a list of the 10 best Succession Stories episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to Succession Stories for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite Succession Stories episode by adding your comments to the episode page.

On this episode of Succession Stories, Laurie Barkman is joined by Tony Uphoff, President and CEO of Thomas. Thomas is a family-owned, 5th generation 122-year old company that successfully transformed its business model, technology, and culture. Three years ago, Tony joined Thomas to continue its digital innovation.

They discussed key lessons Tony has learned about mature industries mobilizing for change, ways to drive innovation while also leveraging the core competencies of the past, and having an entrepreneurial culture in a legacy company.

If you're thinking about ways to innovate and drive change, you may find these insights beneficial for your business.

Show Links:

Tony Uphoff LinkedIn

Thomas Industry Podcast

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3 Listeners

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On this episode, Laurie Barkman was joined by Michael Schoedinger, President of Schoedinger Funeral and Cremation Service, a 6th generation company; and Jill Hofmans, Executive Director of The Conway Center for Family Business in Columbus, Ohio.

Some takeaways:

It’s never too early to start succession planning. Succession is going to happen and the process can take 3-7 years to put everything into place.

Leadership succession and financial succession are equally important, but totally different from a succession perspective.

The succession journey regarding relationships and authority is the hardest part, especially if you have to fire your grandpa.

Look for opportunities to innovate when there’s a market opportunity to build upon your legacy business.

Show Links:

Jill Hofmans LinkedIn

The Conway Center for Family Business

Michael Schoedinger LinkedIn

Schoedinger Funeral and Cremation Service

YPO Young Presidents Organization

Grantor Retained Annuity Trust (GRAT)

Recorded on SquadCast.fm

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2 Listeners

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Laurie Barkman interviews Chris Cynkar, Adjunct Professor of Entrepreneurship through Acquisition at the Tepper School of Business at Carnegie Mellon. Chris has acquired six small businesses in four industries. He shared his first success as a next generation business owner when he acquired a mature printing company from its founder. In taking over the business, Chris fulfilled the owner’s intent of a succession plan even though he wasn’t family. This episode provides insights for people considering a different path, transitioning from employee to business owner.

Show Links:

Chris Cynkar LinkedIn

chriscynkar.com

Carnegie Mellon University Swartz Center for Entrepreneurship

Acknowledgements:

Recorded in studio at Carney marketing agency in Pittsburgh, PA

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2 Listeners

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Succession Stories - 05: Ageless Startup, Author Rick Terrien
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05/12/20 • 29 min

On this episode, listen in as Laurie Barkman explores next generation entrepreneurship from a different angle with Rick Terrien, author of Ageless Startup.

After selling his last company, Rick pondered the question of what's next. His experience became the inspiration for a book encouraging entrepreneurship at any age.

If you've been contemplating your next, you'll enjoy this discussion about ageless entrepreneurship.

Show Links:

Rick Terrien LinkedIn

Ageless Startup: Start a Business at any Age

Food21.org

Recorded on SquadCast.fm

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Jim Rooney is an entrepreneur and author of, A Different Way to Win: Dan Rooney’s Story from the Super Bowl to the Rooney Rule.

Jim discusses his father's family succession with the Pittsburgh Steelers, innovations, and leadership ethos:

Run a successful business that has meaning beyond the bottom line

Take the long view, even if others focus on short term gain

Sometimes it has to get worse before it gets better

Demonstrate how a culture has to change to support a new view, the legacy of the Rooney Rule

Even if you’re not a football or a Steelers fan, Dan Rooney’s legacy of leadership is sure to inspire.

Show Links:

adifferentwaytowin.com

Jim Rooney LinkedIn

"A Different Way to Win" on Facebook

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Succession Stories - E09: Avoiding Transition Pitfalls - Jason Seltzer, EHD
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06/09/20 • 45 min

How prepared is your business to operate without you? Do you have a structured plan in place that can be implemented, or is it only in your head? Listen in as Laurie Barkman talks with Jason Seltzer about worst-case scenarios where privately held companies weren't prepared for unexpected transitions. If you're a business owner that has not yet formalized a transition plan, this episode is for you.

Show Links:

Jason Seltzer LinkedIn

EHD Insurance

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When there is no successor within the family, how do owners move to the next level of finding someone to buy and operate the business?

On this episode, listen in as Laurie Barkman speaks with Joe Bute, Managing Partner of Hollymead Capital, as he shares his strategies for investing in family-owned companies, considering liquidity options, avoiding ownership transition pitfalls, and staying resilient through challenging times.

Show Links:

Follow Succession Stories Podcast on LinkedIn

Recorded on SquadCast.fm

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Len Caric acquired Uncle Charlie’s Sausage in 2014 after the company faced a tragic business succession. Just six weeks after acquiring the company as the new CEO, he faced a significant industry challenge. Listen in as Laurie Barkman speaks with Len about how he overcame these crises and the parallels to today with COVID-19. Len also shared his passion for teaching entrepreneurial alternatives and mentoring students at Carnegie Mellon. His insights for entrepreneurial resilience are sure to inspire.

Show Links:

Len Caric LinkedIn

Uncle Charley's Sausage

Succession Stories E08: Addressing the Transition Dilemma, Joe Bute, Hollymead Capital

Carnegie Mellon University Swartz Center for Entrepreneurship

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Listen in as Laurie Barkman speaks with Brian Baum, President of The Business Transitions Group. For business owners not yet familiar with exit planning, Brian de-mystifies how financial succession planning works so you can take a proactive approach for your future.

Show content:

  • phases of transition and exit planning
  • fundamentals of business valuation
  • de-risking the business
  • role of external advisors

Episode links:

Recorded on Squadcast.fm

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This episode features Shelley Taylor, a family business advisor and expert on navigating family succession. Shelley has worked with multi-generational companies for more than 20 years, and she is the Family Council Chair for ABARTA, a 3rd and 4th generation company running one of the largest Coca-Cola distributors in the US.

Shelley shared best practices for succession, and ways to develop the next generation of leaders. For her family, next generation succession is not only about employment, it's about ownership and stewardship of the business and what it means to be an owner.

Show Links:

Shelley Taylor LinkedIn

Aspen Family Business Group

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FAQ

How many episodes does Succession Stories have?

Succession Stories currently has 177 episodes available.

What topics does Succession Stories cover?

The podcast is about Succession, Entrepreneur, Entrepreneurship, Podcasts, Business, Innovation and Smallbusiness.

What is the most popular episode on Succession Stories?

The episode title '01: Bringing Entrepreneurial Culture to 120 Year Old Company w/ Tony Uphoff, CEO Thomas' is the most popular.

What is the average episode length on Succession Stories?

The average episode length on Succession Stories is 36 minutes.

How often are episodes of Succession Stories released?

Episodes of Succession Stories are typically released every 7 days, 2 hours.

When was the first episode of Succession Stories?

The first episode of Succession Stories was released on Apr 8, 2020.

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