In this episode, host Elizabeth Ledoux is joined by Betsy Hoaglund for a discussion about the practical steps Betsy went through to grow her business then transition out of it with a healthy exit strategy.

Elizabeth and Betsy discuss finding the cultural fit between the buyer and the business, prioritizing employee well-being, taking a long-term perspective, and embracing new opportunities.

Thank you to Betsy for being on the show. 

Connect with Elizabeth Ledoux 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: 

6:30 Selling a privately-owned business after 10 years of growth. 

14:06 Leadership, decision-making, and succession planning in a business. 

18:32 Buying a business and due diligence. 

24:30 Selling a business and finding a new identity. 

29:58 Business transition and ownership with a focus on preparation, employees, and documentation. 

This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.