Business Transition Roadmap with Elizabeth Ledoux

Elizabeth Ledoux
  • 5.0 (1)
  • BUSINESS
  • UPDATED WEEKLY
Business Transition Roadmap with Elizabeth Ledoux

How do communities thrive? When businesses experience healthy growth and transition. Join CEO of The Transition Strategists, Elizabeth Ledoux as she and her guests identify what makes a successful business transition roadmap. If you know you want to transition or exit your business “one day”, today is the right day to start planning. This show will give you the roadmap.

  1. The Power of Peer Learning in Business Transition

    12/03/2024

    The Power of Peer Learning in Business Transition

    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 Transitioning 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.

    22 min
  2. Navigate Family Gatherings with Grace & Purpose

    11/19/2024

    Navigate Family Gatherings with Grace & Purpose

    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 Traditions 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.

    16 min
  3. Choosing the Right Successor for Your Business with Cody Teets

    10/22/2024

    Choosing the Right Successor for Your Business with Cody Teets

    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 Transition 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.

    33 min
  4. Creating a Sense of Urgency in Business Transitions with Elizabeth Ledoux

    10/08/2024

    Creating a Sense of Urgency in Business Transitions with Elizabeth Ledoux

    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 Transitions 07:14 - Exploring Commitment Phobia 12:42 - Shifting from Scarcity to Abundance Mindset 16:43 - Catalysts for Business Transition Decisions 20:11 - Invitation to Collective Conversations, by Elizabeth and the Transition Strategists 21:38 - Closing Thoughts on Urgency and Vision 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.

    22 min
  5. Celebrating 50 Episodes: Our Core Values with Elizabeth Ledoux & Andrea Carpenter

    09/10/2024

    Celebrating 50 Episodes: Our Core Values with Elizabeth Ledoux & Andrea Carpenter

    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.

    24 min
  6. Business Governance: What Do Families in Business Transition Need to Know?

    08/27/2024

    Business Governance: What Do Families in Business Transition Need to Know?

    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.

    33 min
  7. The Art of Selling Your Business: Cultural Fit, Employee Well-being, & Long-term Success

    08/13/2024

    The Art of Selling Your Business: Cultural Fit, Employee Well-being, & Long-term Success

    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.

    37 min
  8. The Character & Role Shifts in a Transition

    07/30/2024

    The Character & Role Shifts in a Transition

    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.

    32 min
See All (54)

Ratings & Reviews

About

How do communities thrive? When businesses experience healthy growth and transition. Join CEO of The Transition Strategists, Elizabeth Ledoux as she and her guests identify what makes a successful business transition roadmap. If you know you want to transition or exit your business “one day”, today is the right day to start planning. This show will give you the roadmap.

Information

To listen to explicit episodes, sign in.

Stay up to date with this show

Sign in or sign up to follow shows, save episodes, and get the latest updates.
Select a country or region

Africa, Middle East, and India

Asia Pacific

Europe

Latin America and the Caribbean

The United States and Canada