Business Transition Roadmap with Elizabeth Ledoux

Who’s next?It’s one of the most powerful—and loaded—questions in any family business transition. In this episode, Transition Guides Marcy McNeil and Deborah Davis unpack “The Who,” a cornerstone of the Transition Compass, and reveal why clarity around ownership, leadership, and stewardship is the true foundation of a successful transition.They share how honest conversations about readiness, desire, and alignment help families move from assumption to shared understanding—and how even uncomfortable truth can bring freedom when it’s named with empathy. Whether you’re the current owner, the rising generation, or somewhere in between, this episode will help you see that “The Who” is not just about roles—it’s about relationship, purpose, and legacy.What You’ll Hear in This Episode:Why “The Who” is the emotional heartbeat of transition planningHow to separate ownership from leadership—and why that distinction mattersWhat to do when no one (or everyone) wants to be nextHow Transition Guides help families talk about readiness and callingReal-world stories of clarity, relief, and breakthrough momentsThe surprising gift of hearing, “Maybe it’s not me—and that’s okay”🔗 Connect with The Transition StrategistsWebsite: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsLinkedIn: https://www.linkedin.com/company/transitionstrategists/YouTube: https://www.youtube.com/@transitionstrategistsElizabeth Ledoux: https://www.linkedin.com/in/elizabethledoux/Schedule a Discovery Call: https://transitionstrategists.com/discovery🕓 Chapters in This Episode00:00 Introduction to “The Who” on the Transition Compass01:35 Why the People Question Is the Hardest One04:25 Founders’ Fears: Letting Go of the Reins08:10 Successor Assumptions and Honest Conversations11:45 When Ownership and Leadership Aren’t the Same16:50 Real Client Stories: Relief in Naming the Truth21:15 The Role of a Guide in Surfacing Readiness25:30 The Emotional Shift from Control to Collaboration30:05 How to Begin Exploring Your “Who” as a Family34:20 Key Takeaways & Where to Learn More

What if the most valuable legacy you leave behind isn’t financial at all—but the stories that shape identity and connection?In this episode, Elizabeth sits down with historian and founder of Everyday Legacies, Kasia Flanagan, who helps families preserve their life stories through memoirs, films, and storybooks. Kasia’s personal journey from hardship in rural Idaho to earning a PhD in history and serving families worldwide is a powerful testimony to the resilience found in family narratives.Together, they explore why storytelling is essential for family transition, how vulnerability creates belonging, and why legacy should be thought of as fluid rather than fixed. If you’ve ever wondered what it truly means to “leave something behind,” this conversation will inspire you to start recording your story today.What You’ll Hear in This Episode:How Kasia’s childhood stories carried her from homelessness to a PhDWhy knowing your history strengthens identity across generationsThe fears that keep families from sharing their stories—and how to face themWhy legacy is about influence, not just assets How storytelling heals old wounds and opens new connectionA practical DIY guide to capturing your own family legacyCheck out Kasia Flanagan's work:Website: https://everydaylegacies.comFree Resource: DIY Guide to Capturing Family History (available at top banner)Connect with Elizabeth Ledoux and The Transition Strategists:Website: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth 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/@transitionstrategistsSubscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:Spotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxCheck out "Your Next Gen Friend Podcast" with Andrea CarpenterSpotify: https://yournextgenfriend.com/open-spotifyApple Podcasts: https://yournextgenfriend.com/apple-podcastGet Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQvReady to explore what a collaborative transition could look like?Schedule a discovery call: https://transitionstrategists.com/discoveryChapters in This Episode 00:00 Welcome & Introduction01:17 Kasia’s...

Hook: Is your family business trying so hard to protect the “golden egg” that you’re starving the next generation of the chance to build something bigger?Adam Hill—4th-gen leader, CEPA, and Professional EOS Implementer—joins Elizabeth to talk candidly about stepping into leadership, nearly facing insolvency, and using EOS to professionalize a legacy company. They unpack the identity shift for founders, why communication is the next-gen’s superpower, and how to move teams out of “artificial harmony” into healthy conflict that actually solves problems. If you’re eyeing a transition in the next 3–5 years, or you’re a rising successor who wants to do it right, this one’s a masterclass.Top TakeawaysThe legacy trap: when “preserve what we have” replaces “create new value.”Right person, right seat: how EOS de-personalizes family dynamics and professionalizes decision-making.Communication beats assumption: what next-gen leaders must say out loud (even when it’s scary).From harmony to health: naming and exiting “artificial harmony” to resolve real issues.Professionalizing for transition: strengthen the five capitals (financial, human, structural, social, customer) to raise enterprise value and multiples.Founder identity shift: why planning “what’s next for me” reduces resistance to letting go.Connect with Adam Hill:LinkedIn: linkedin.com/in/adamchillFearless Family Business Podcast: https://open.spotify.com/show/5K0guqNH7IpkKf0qkxByn9?si=087d5de0d30c4df9EOS Implementer Profile / Contact: https://www.eosworldwide.com/adam-hillConnect with Elizabeth Ledoux and The Transition Strategists:Website: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth 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/@transitionstrategistsSubscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:Spotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxCheck out "Your Next Gen Friend Podcast" with Andrea CarpenterSpotify: https://yournextgenfriend.com/open-spotifyApple Podcasts: https://yournextgenfriend.com/apple-podcastGet Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey:...

What does it take to transform a confusing, fragmented business transition into a clear, manageable process? In this episode, Elizabeth Ledoux sits down with Craig Sweeney, the founder of AI Exit Navigator—a revolutionary operating system that guides business owners through every step of their transition journey. Craig brings a unique perspective as both a serial entrepreneur and former private equity professional. After working in private equity for over a decade helping portfolio companies with revenue optimization, he started his own fintech company and successfully navigated his own exit to a strategic partner. This dual experience—seeing transitions from both the advisor and owner perspectives—led him to create a solution for the most common problem he witnessed: founders walking away from 30-40 years of hard work feeling unsatisfied and leaving money on the table. Book a discovery call: https://transitionstrategists.com/discovery/ Key Topics Covered: The AI Exit Navigator Process: How the proprietary exit readiness score works across six strategic pillars to identify gaps and create custom roadmaps The 10-15 Minute Assessment: Understanding revenue cycles, leadership dependency, family readiness, and process frameworks through a streamlined survey Common Exit Mistakes: Why heavy reliance on the owner is the number one factor that derails transitions—appearing twice as often as any other issue Building Leadership Teams: How to develop trusted team members who can take on responsibility and help owners work "on" rather than "in" their business The Marketplace Approach: Connecting vetted, trusted advisors with founders at the right time in their journey, creating a comprehensive support ecosystem Partnership with TTS: How AI Exit Navigator integrates with family and succession transition expertise to address both technical and emotional aspects Timeline Reality: Why transitions take years, not months, and how proper planning prevents owners from "winging it" at the crucial moment Advisory Team Assembly: Moving beyond single-advisor relationships to build the full cabinet of experts needed for successful transitions Craig emphasizes that business transitions should be exciting journeys, not overwhelming ordeals. His technology-driven approach removes the confusion and ad-hoc nature of traditional exit planning, providing founders with clear roadmaps and the right people to execute them. Connect with Craig Sweeney: Website: https://www.joinspecialops.com/ LinkedIn: https://www.linkedin.com/in/craigsweeney2010/ Get your Exit Readiness Score: https://www.joinspecialops.com/exit-navigator-scoreConnect 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...

In this conversation, Marcy and Debbie explore the Objectives Matrix™ and its role in successful family business transitions. They walk through how clearly defined objectives—especially when written in the present tense—help unlock new energy and clarity for all parties involved.From uncovering personal values and legacy goals to naming deal breakers and navigating differing visions, this episode reveals how structured dialogue can ease tension and spark aligned action.They also share the unique role a guide plays in holding space, asking tough questions, and empowering families to move from secrecy to shared vision.Loss of identity or purpose (owners & successors)Fear of family conflict Fear of making the wrong decision or saying the wrong thingFear of being misunderstood or not having a voice👉 Schedule a discovery call : https://transitionstrategists.com/discoveryKey Topics CoveredWhat the Objectives Matrix is and why it’s essential How stating objectives in present tense shifts energyReal stories of emotional clarity and breakthroughsWhy deal breakers matter more than you thinkUnderstanding > alignment: building mutual respectThe role of a guide in creating psychological safetyHow secrecy can lead to conflict—and clarity can prevent itTurning succession from a transaction into a transformationConnect with Elizabeth Ledoux and the Transition Strategists:Website: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth 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/@transitionstrategistsConnect with Debbie and Marcy on LinkedIn:Marcy McNeal: https://www.linkedin.com/in/marcy-mcneal/Deborah Davies:  https://www.linkedin.com/in/changeagent-coach-facilitator-deborah-davis-ms-pcc/ Subscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:Spotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxGet Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning":https://amzn.to/3oq2LQvReady to explore what a collaborative transition could look like?Schedule a discovery call:

What happens when transition strategists navigate their own succession? In this episode, Elizabeth Ledoux and Andrea Carpenter pull back the curtain on their ongoing transition at The Transition Strategists while unveiling their groundbreaking new Evolve program. Andrea shares the reality of being a successor in the business she helps other successors navigate, revealing how even the most prepared transitions come with unexpected challenges and growth opportunities. Elizabeth reflects on how bringing on a successor has energized rather than slowed down the business, creating momentum and fresh perspectives that benefit everyone. The heart of this episode focuses on their new Evolve program—a comprehensive approach that makes professional transition planning accessible through group immersion experiences, ongoing implementation support, and peer community connections. This isn't just anotherconsulting offering; it's a proven methodology that's been tested with larger enterprises and is now available to the broader business community.Book a discovery call: https://transitionstrategists.com/discoveryKey Topics Covered:Successor Energy Effect: How bringing on Andrea accelerated business growthThe Meta Experience: Navigating succession while helping other families do the sameEvolve's Three Pillars: Immersion + Implementation + Peer CommunityStarting Without Answers: Beginning the journey before you have it all figured outRelationship-First Planning: Keeping families together through complex transitionsNo Financial Conflicts: Advisor-only approach vs. transaction-based modelsTimeline Reality: Why succession takes longer than most families expectCommunity Impact: Supporting the massive generational wealth transferElizabeth and Andrea emphasize that transition is truly a journey, not an event, and that having the right support system makes all the difference in creating successful outcomes for families, businesses, and communities.Connect with Andrea Carpenter:LinkedIn: https://www.linkedin.com/in/andreashaver/Your Next Gen Friend Podcast: https://yournextgenfriend.com/podcastConnect with Elizabeth Ledoux and the Transition Strategists:Website: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth 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/@transitionstrategistsSubscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:Spotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxGet Elizabeth Ledoux and...

What does it look like to navigate succession from the inside? In this episode, Elizabeth Ledoux sits down with Kayla Kernick, who offers a rare dual perspective as both a family business successor and a Transition Guide with The Transition Strategists. Kayla shares her personal journey with Spring Creek, her family's business in Canada, where she initially entered organically through a retail opportunity, left when relationships became strained, and returned with clarity about her role and renewed family dynamics. Her story illustrates the common challenges successors face - being seen as more than their family role, managing expectations, and finding their own identity within the family legacy. Schedule a discovery call: https://transitionstrategists.com/discovery Key Topics Covered: The Organic Entry: How Kayla moved from her own retail business into the family company through a hotel development project The Departure Decision: Why stepping away was necessary for both personal growth and family relationship preservation Family vs. Business Roles: Navigating the challenge of being seen as a capable leader rather than "just the daughter" Governance as Foundation: How starting with board structure and family governance created safety for the transition Timeline Reality: Understanding that succession is a journey requiring years of knowledge transfer and development Family-First Approach: Making family relationships the priority and keeping business discussions separate The IMAP Experience: How understanding each family member's wiring improved collaboration and appreciation Legacy Perspective: Building something that lasts beyond one generation and serves the community Kayla emphasizes the importance of patience, appreciation, and putting yourself in the business owner's shoes. She shares how structured conversations and clear governance helped transform family dynamics and created a path forward that works for everyone involved. Connect with Kayla Kernick: LinkedIn: https://www.linkedin.com/in/kaylakernick/ 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:

This is a solo episode featuring Elizabeth Ledoux exploring the critical elements that most business transition plans overlook. Drawing from nearly 30 years of experience helping families navigate succession, Elizabeth reveals why focusing solely on the "how" and "how much" leads to failed transitions, while addressing the "people side" creates lasting success. She breaks down five key areas that traditional succession plans miss and shares insights from achieving a 100% client success rate.Show NotesMost business transition plans focus heavily on financial structure and tax strategy while missing the critical elements that determine whether a transition actually succeeds. In this episode, Elizabeth Ledoux breaks down the five key areas that traditional succession plans overlook and explains why addressing the "people side" of transition is just as important as the numbers.Elizabeth shares insights from teaching transition planning to advisors and observing how most plans start with the wrong questions. Instead of beginning with "how much money can I get?" and "how do I structure it?", successful transitions start with understanding what matters most to everyone involved.Get the free 5 parts guide: https://transitionstrategists.com/5partsKey Topics Covered:The Problem with Traditional Planning: Why starting with financial structure misses critical relationship dynamicsMissing Element #1: Envisioning Your Next Adventure - Understanding what fulfillment looks like beyond business ownershipMissing Element #2: Developing Successors with Intention - Creating structured learning paths with clear milestonesMissing Element #3: Honoring Emotional Journeys - Making space for feelings and fears that come with major changeMissing Element #4: Alignment of Multiple Objectives - Understanding what matters most to everyone affected by the transitionMissing Element #5: Building Governance Structures - Creating decision-making frameworks that support successor development The TTS Success Story: How a people-first approach led to 100% of client businesses continuing to thrive under new leadershipElizabeth emphasizes that successful transitions require getting other people excited about joining the journey, not just creating a plan in isolation. She introduces tools like the Objectives Matrix and explains how deep conversations about hopes, fears, and dreams create the foundation for transitions that work for everyone involved.Connect with Elizabeth Ledoux and the Transition Strategists:Website: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth 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/@transitionstrategistsSubscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player:Spotify:

In this solo episode, Elizabeth Ledoux tackles one of the biggest challenges in business transition: moving from being in complete control to sharing decision-making with your successor.Elizabeth explains that while business owners often get labeled as "control freaks," control is usually rooted in care for others—protecting employees, family members, and the business itself. However, without a plan to gradually shift from control to collaboration, owners often get burnt out or stuck with nowhere to go.The key insight? The best transitions are journeys, not events. Rather than a sudden handoff of control, successful transitions involve a gradual shift where successors can learn to lead before they have to dive in completely.Key topics covered include:Why control is often rooted in care, not egoThe dangers of sudden control handoffs versus gradual transitionsHow trust builds over time through collaborationThe mindset shift from "I make the decisions" to "we're building this future together"Why starting early gives you the gift of time for both owner and successor developmentThe biggest mistake owners make: waiting too long to involve othersHow to collaborate without making premature promisesElizabeth emphasizes that collaboration requires time—successors need experience and knowledge to contribute meaningfully to decisions, and owners need time to develop confidence in their successors.Chapters in this episode:00:00 Introduction to Control vs Collaboration 02:30 Why Control is Often Rooted in Care 05:15 The Problems with Sudden Control Handoffs 08:45 Building Trust Through Gradual Transition 12:20 The Mindset Shift: Building the Future Together 16:30 Why Starting Early Gives You the Gift of Time 20:15 The Biggest Mistake: Waiting Too Long 23:45 How to Collaborate Without Making Promises 26:30 Invitation to Discovery CallConnect 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/@transitionstrategistsSubscribe to "The Business Transition Roadmap with Elizabeth Ledoux" on your favorite podcast player: Spotify: https://spoti.fi/3MxSYA2 Apple Podcasts: https://apple.co/3IhMMuxGet Elizabeth Ledoux and Laura Chiesman's latest book, "It's A Journey: The MUST-HAVE Roadmap to Successful Succession Planning": https://amzn.to/3oq2LQvReady to explore what a collaborative transition could look like? Schedule a discovery call: https://transitionstrategists.com/discovery

Business owners face a critical question: What happens if you're suddenly not there? In this episode of The Business Transition Roadmap, Elizabeth Ledoux guides listeners through becoming a "business empty nester" - preparing your business and successors to thrive without you. Learn why successful business transitions require planning, how to prepare successors for independence, and discover your Next Adventure beyond ownership. Essential listening for family business owners, succession planning, and anyone considering their business transition timeline. Elizabeth uses the powerful metaphor of becoming an "empty nester" to help business owners understand the transition process. Just as parents prepare their children for independence, business owners must prepare their teams, successors, and businesses to thrive without their daily presence. The episode begins with a thought-provoking visualization exercise: What would happen if you could never step foot in your business again, starting today? Elizabeth guides listeners through examining their gut reactions - whether relief or panic - and what those responses reveal about their transition readiness. Key topics covered include: The ripple effects of sudden owner absence on leadership, family, employees, and customers Why business transitions should be journeys, not events How to help successors become independent while honoring your legacy Elizabeth's personal transition story and timeline with her successor Andrea The difference between leaving your business and leaving it well Planning your "Next Adventure" and rediscovering purpose beyond business ownership Creating clarity and peace for everyone affected by your transition Chapters in this episode: (00:00) Introduction to Business Empty Nester Concept (01:46) Visualization Exercise: What If You're Not There Tomorrow? (05:31) Understanding the Ripple Effects of Owner Absence (09:50) Building Your Transition Roadmap: Elizabeth's Personal Story (13:11) Creating Meaningful Exits and Planning Your Next Adventure (17:24) Providing Clarity and Peace for Your Team and Family (21:07) Moving from Fear to Love: Starting Your Transition Journey Elizabeth emphasizes that meaningful exits aren't just about leaving - they're about leaving well. This means preparing successors for both good times and challenging periods, while also discovering what fulfilling life looks like beyond business ownership. The episode concludes with an invitation to explore the Evolve program, designed to help business owners and successors navigate their transition journeys with confidence and clarity. 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...

In this solo episode, Elizabeth Ledoux tackles one of the most challenging aspects of business transition: the false choice between legacy and harmony. Elizabeth defines legacy as what you leave behind - your business, impact, wealth, and the imprint of your effort and values. Harmony, on the other hand, is how you leave it behind - focusing on relationships, emotional well-being, and unity among all stakeholders. Many business owners believe they must choose between building a solid legacy and maintaining harmonious relationships. Elizabeth explains why this limiting belief can damage transitions and shares practical strategies for achieving both. Key topics covered include: Why harmony requires transparency and vulnerability from all parties The importance of listening without an agenda during transition conversations How to lead with a new goal focused on relational strength Creating communication bridges between generations with different visions The benefits of starting your transition planning early Elizabeth also introduces the Evolve program, designed to support business owners and successors through their transition journeys while maintaining both legacy and harmony. Chapters in this episode: (00:00) Introduction to Legacy and Harmony (02:41) Defining Legacy and Harmony (05:54) The Importance of Harmony in Business Transitions (09:51) The Role of Communication in Achieving Harmony (13:33) Listening and Understanding Perspectives (17:47) Leading with a New Goal (21:47) Creating a Roadmap for Legacy and Harmony (24:43) Invitation to Evolve Program 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 

Peer learning plays a transformative role in the lives of business transitioners and successors. In this episode, Elizabeth and Andrea discuss how peer learning fosters vulnerability, transparency, and growth during critical transitions. They highlight the importance of creating spaces where individuals can exchange knowledge and gain clarity on complex issues.Elizabeth shares her experience leading peer learning groups and emphasizes their value in navigating business challenges. Andrea offers insights from her personal and professional journey, discussing how peer learning helped her grow into leadership roles. Together, they explore how communities can provide essential support and accelerate the learning process for both transitioners and successors. This episode is a must-listen for anyone looking to harness the power of community in their transition journey.Chapters in this episode: (01:28) Defining Peer Learning and Its Relevance(02:34) Andrea’s Passion for Peer Learning Groups(05:04) What Makes Peer Learning Transformative(07:07) Peer Learning’s Role in Business Transitions(10:32) Vision for a Peer Learning Organization(16:34) Addressing Challenges in Business TransitioningConnect 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/ Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver 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 This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.

In this episode, Elizabeth Ledoux and Andrea Carpenter explore the intersection of family gatherings and business transitions, offering advice on how to navigate sensitive conversations, maintain family harmony, and ensure a smooth transition process. The hosts emphasize the importance of setting boundaries, communicating effectively, and being intentional about creating a shared vision for the future of the business. They also share practical tips for making the most of family gatherings while addressing important business matters.Download our free guide, "The Family Connection Guide: Holiday Edition": https://transitionstrategists.com/holiday-connection-guide Chapters in this episode: (01:08) Family and the Holidays(03:21) Navigating Conversations with Family Members In and Out of the Business(05:11) Advice for Successors(08:39) Clear Expectations and Communication(09:54) Advice for the Matriarchs and Patriarchs(12:12) Success Stories and Family TraditionsConnect 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/ Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver 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 This episode was produced by Story On Media & Marketing: https://www.successwithstories.com. 

In this episode, host Elizabeth Ledoux is joined by Cody Teets, a Transition Guide for The Transition Strategists. Cody is a practical, visionary thinker and resourceful Transition Guide to business owners and successors. She brings 25-plus years of experience to each engagement in positioning key stakeholders to succeed in family-business transitions and designing executive succession strategies.In this episode, Elizabeth and Cody explore the essential aspects of business transition planning, highlighting the importance of early preparation, clear communication, and a focus on the human element. Cody shares her insights on the challenges and successes of business transitions, emphasizing the need for courageous conversations and a willingness to let go. By addressing potential blind spots and offering practical advice, this episode provides business owners with the tools to navigate the complexities of transition planning and ensure a smooth handover to the next generation.Learn more about Cody Teets and her work with the Transition Strategists: https://transitionstrategists.com/our-team/cody-teets/Cody Teets on LinkedIn: https://www.linkedin.com/in/codyteets/ Chapters in this episode: (03:12) Cody's Passion for Business Transition(07:22) Unveiling the Common Pitfalls in Business Transition(11:17) The Physical and Emotional Well-being of the Transitioner(16:51) The Successor's Journey: Pressure, Performance, and Expectations(22:15) Leadership Styles and Their Impact on Business Transition(26:40) The Importance of Open Communication (29:21) The Role of Family Dynamics in Business TransitionConnect 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 This episode was produced by Story On Media & Marketing: https://www.successwithstories.com. 

In this episode, Elizabeth explores the importance of creating a sense of urgency in business transitions. She discusses the mindset shifts necessary for a successful succession and shares insights on overcoming common roadblocks like commitment phobia. She also emphasizes the value of envisioning a long-term future and offers strategies for guiding your business and yourself into the next chapter.Join Elizabeth on a monthly 50-minute online forum, “Collective Conversations”: https://transitionstrategists.co/collective-conversations Chapters in this episode: 02:30 - Importance of Commitment in Business Transitions07:14 - Exploring Commitment Phobia12:42 - Shifting from Scarcity to Abundance Mindset16:43 - Catalysts for Business Transition Decisions20:11 - Invitation to Collective Conversations, by Elizabeth and the Transition Strategists21:38 - Closing Thoughts on Urgency and VisionConnect 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 This episode was produced by Story On Media & Marketing: https://www.successwithstories.com. 

For the fiftieth episode of this podcast (50 episodes!), Elizabeth Ledoux thought that there was no better way to both celebrate the past and look forward to the future than to invite back to the show her successor, Andrea Carpenter, and discuss their core values. In this episode, Elizabeth and Andrew explore the following seven core values:(1) People first.(2) Independently accomplished and resourceful.(3) Gracefully nimble.(4) Positively playful.(5) Curiously engaged.(6) Quality achievers.(7) Genuinely transparent.If you want to skip ahead to a specific core value, here are the chapters in this episode: 05:19 People first (core value #1)07:58 Independently accomplished and resourceful (core value #2) 13:15 Gracefully nimble (core value #3) 15:19 Positively playful (core value #4) 16:19 Curiously engaged (core value #5) 18:23 Quality achievers (core value #6) 21:21 Genuinely transparent (core value #7) 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/ Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver 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 This episode was produced by Story On Media & Marketing: https://www.successwithstories.com. 

Marcy McNeal, a business transition guide and coach at The Transition Strategists, once again joins host Elizabeth Ledoux for today’s episode. In this episode, Elizabeth and Marcy discuss the importance of business governance in family-owned businesses during transitions. They emphasize that governance provides a structured framework for decision-making, fostering inclusivity and reducing personal friction. Marcy highlights that governance can take time to implement effectively, with a typical timeline of around 6 months for comfort and around a year for consistent use. Elizabeth adds that governance helps in slowing down decision-making to ensure all voices are heard and decisions are transparent. Connect with Marcy McNeal on LinkedIn: https://www.linkedin.com/in/marcy-mcneal/ Read Marcy’s profile: https://transitionstrategists.com/our-team/marcy-mcneal/ Chapters in this episode: 4:00 Defining Business Governance 4:37 Typical Governance Structures and Business Transition Challenges 9:47 Family Dynamics 12:24 Starting the Business Transition Process 20:39 Decision Levels 24:10 Implementing Board Governance 28:55 Maintaining Family Relationships and Board Effectiveness 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 This episode was produced by Story On Media & Marketing: https://www.successwithstories.com. 

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. 

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. 

In this episode, the second of a two-part series, host Elizabeth Ledoux and guest Andrea Carpenter discuss the possibility of handing the reins of Elizabeth’s business to Andrea. They explore the challenges and opportunities of navigating this deal, which would involve Andrea becoming her boss’s successor. On a practical level, this conversation reveals the importance of trust, communication, and transparency in potential partnerships and succession planning. 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/ Andrea on LinkedIn: https://www.linkedin.com/in/andreashaver 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: 0:02 Business valuation and potential partnership. 6:09 Valuing a business for succession planning. 11:03 Open communication between business owner and successor. 15:58 Transparency and vulnerability in business partnership. 21:15 Business negotiation strategies and transition planning. This episode was produced by Story On Media & Marketing: https://www.successwithstories.com.