Poised for Exit
Welcome to the Poised for Exit podcast! Poised for Exit is an under 30-minute strategic planning guidance podcast for busy small business owners. Each week you’ll hear certified exit planning advisor, Julie Keyes, talk with a range of entrepreneurs and professionals about preparing your business for a future transition. Guests at every stage of company ownership will share their personal stories and lessons learned about topics such as the anatomy of the exit planning process, developing a growth strategy, how to sell on your terms, exit planning for women small business owners, handling business diversity, and how to sell a family business. Whether you’re planning an exit in the near future or not, this show will provide you with the same action-oriented content that Julie utilizes while consulting with Keyestrategies clients. Building an exit strategy can be overwhelming, especially with all the decisions and details you have to consider. “Poised for Exit” will simplify the process and help you unwrap the unknowns, giving you more confidence in your planning process. Previous episodes are available for download, so if you are new to our show, you can listen to them in any order that suits you. Join us each week for timely, relevant content that will surely impact your business exit outcome! Subscribe to our newsletter below to receive your weekly episode link and stay updated on new strategic planning content. Find “Poised for Exit” on Spotify, Apple Podcasts, Google Play, iHeart Radio, Amazon Music, and others. Thank you to our Sponsors: Sunbelt Business Advisers and JAK CPA's. A special note of thanks to Tyler Keyes who produced the music for the “Poised for Exit” show.
Poised for Exit
Reluctantly Resilient: Tools for Building Resilience in Transition
Reluctantly Resilient: Tools for Building Resilience in Transition
Author and CEO, Chrissy Myers joined us today on Poised for Exit. Chrissy's experiences in family business transition (her own) coupled with the services she delivers for business owners made for a very interesting interview!
Chrissy's family firm is 50 years old. She bought it in 2019, but had worked various positions in it before and after college. After the sudden death of her husband and then her father, she found herself in need of help in more than one way. Her mother, still an owner, took the leadership reins for the family by 'telling' Chrissy they had to seek counseling together so that their transition would be successful for the business as well as for their relationship, so they did. It was a game changer that Chrissy still appreciates today. "Reluctantly resilient" is how she felt throughout the process of the transition; she was mourning big losses and having to deal with big decisions with the business at the same time. Reluctantly, she kept moving forward, calling upon her own skills in resilience to do so.
Her take on having a successful family business transition requires a great deal of flexibility from each owner; being stuck in your ways serves no one. The other essential belief or behavior is in having a Growth Mindset. A Fixed Mindset creates the empasses that keep families from carrying on a successful legacy. Chrissy said that being OK with taking a risk vs staying stuck is liberating and opens the door for learning and growth.
You learn more about her story and lessons learned by reading her book here
Connect with Julie Keyes, Keyestrategies LLC
Founder, Consultant, Author, Pod-caster and Instructor