In this episode, host Elizabeth Ledoux once again talks with Andrea Carpenter about the intricacies of business succession and the metamorphosis that both owners and successors undergo during a business transition.
They explore the roles of the "magician" owner and the "apprentice" successor, emphasizing the importance of curiosity, communication, and strategic planning.
The conversation highlights the challenges and rewards of transitioning leadership, offering practical advice for maintaining healthy relationships and clear expectations.
Join our free 90-minute “metamorphosis” workshop for family business owners, successors, and advisors, “From Complexity to Clarity: Navigating Your Family Business Transition Journey”: https://transitionstrategists.co/workshop
Connect with Elizabeth Ledoux, Andrea Carpenter, and the Transition Strategists:
Website: https://transitionstrategists.com/
Facebook: https://www.facebook.com/thetransitionstrategists
Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/
Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/
Transition Strategists on YouTube: https://www.youtube.com/@transitionstrategists
Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:
Spotify: https://spoti.fi/3MxSYA2
Apple Podcasts: https://apple.co/3IhMMux
Get Elizabeth Ledoux and Laura Chiesman’s latest book, "It’s A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQv
Chapters in this episode:
0:01 Business succession and transition, with a focus on character and role changes for owners and successors.
8:09 Leadership transition and communication.
15:20 Leadership transition and the roles of the owner/leader and watcher/advisor.
21:05 Challenges of succession planning in family businesses.
25:15 Business transition planning for successors and owners.
This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.
