Innovations and Breakthroughs

Rich Goldstein

This is the Innovations and Breakthroughs Podcast, with host Rich Goldstein. Listen in each week as Richard features top leaders and the path they took to create change.

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    Best Practices for Succession Planning With Laurie Barkman

    Laurie Barkman is an M&A advisor and the former CEO of a $100 million revenue company that was sold to a Fortune 50 business. She now guides business owners as an M&A intermediary, facilitating both sell-side and buy-side transactions. Laurie is a dynamic speaker who has consulted, advised, and presented to hundreds of CEOs and business owners. She is the author of The Business Transition Handbook: How To Avoid Succession Pitfalls and Create Valuable Exit Options and is the host of the award-winning podcast, Succession Stories. In this episode… When planning to exit a business, the first step is to create clearly defined goals. You need to assess your current business environment and practices including your finances, record keeping, and your business' worth.  Taking this into consideration, succession planning should start early to ensure a smooth transition out of a business. Working with experienced M&A experts and advisors can help you prepare for a successful exit. A strategic transition plan aligned with your goals will help you avoid the common succession pitfalls. In this episode of the Innovations and Breakthroughs Podcast, Rich Goldstein is joined by Laurie Barkman, an M&A advisor, about succession planning best practices. They discuss Laurie's exit planning process, how to avoid regrets after selling a business, and how intellectual property promotes business transferability.

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    A Supportive Community for Entrepreneurs

    Chris Heivly is a serial entrepreneur, angel investor, and the Managing Director at Build The Fort, an umbrella entity that serves entrepreneurs, and startup companies. He is one of the nation's leading experts on launching startups and has been dubbed The Startup Whisperer.  Chris co-founded MapQuest, which was sold to AOL for $1.2 billion. He is also a public speaker and the author of Build The Fort: Why 5 Simple Lessons You Learned as a 10 year-old Can Set You Up for Startup Success as well as Build the Fort: The Startup Community Builder's Field Guide. In this episode… Entrepreneurship can be a lonely journey, and without a supportive community, managing a business can be a burdensome challenge. To keep growing, it is important to seek help from other entrepreneurs who have faced similar struggles. Your lack of expertise in a given area can hinder your business. Chris Heivly’s advice is to identify your strengths and weaknesses while leaning on your community for support. This includes your industry peers, employees, and business partners as an essential part of reaching the next level.  Chris Heivly, the Managing Director at Build The Fort, joins Rich Goldstein in this episode of the Innovations and Breakthroughs Podcast to talk about the need for a supportive community for entrepreneurs. They also discuss the history of MapQuest, the value of giving back, and common mistakes people make when starting a business.

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    Strategies for Preparing an e-Commerce Brand for Exit

    Yoni Kozminski is the Founding Partner of South Col, an accelerator fund that partners with e-commerce brands to provide capital, strategic advice, operational support, and exit strategy. He is also the Co-founder and CEO of MultiplyMii and Escala, where he helps e-commerce businesses to grow and scale.  Yoni has more than 15 years of experience in digital marketing and creative advertising for top brands like Mercedes-Benz, Mastercard, Sony, and Medtronic. He is also the host of the Successful Scales Podcast. In this episode… Preparing a business to sell takes time. From streamlining your business operations to documenting systems to fixing your finances, the process can take months to complete. To increase an e-commerce brand's valuation and make it more attractive to investors, it needs to stand out from other brands. Build a unique company by optimizing your marketing, branding, and general business operations. All of these adjustments and more can vastly improve your company’s valuation.  In this episode of the Innovations and Breakthroughs Podcast, Rich Goldstein interviews Yoni Kozminski — the Founding Partner of MultiplyMii, Escala, and South Col — to discuss strategies for preparing an e-commerce brand for exit. Yoni breaks down tips for making a business more attractive to investors, the benefits of intellectual property protection, and why a good exit strategy helps build a solid business.

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This is the Innovations and Breakthroughs Podcast, with host Rich Goldstein. Listen in each week as Richard features top leaders and the path they took to create change.