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
What Works in Family Business Succession
Succession in a family business isn’t just about passing the torch. It’s about building the right foundation to support the next generation and protect the legacy for years to come. In this episode, Dr. Jeremy Lurey, Founder and CEO of Family Legacy 1st, returns to the show to share what actually works when it comes to family business transitions.
As the founder of Family Legacy 1st, Jeremy has spent over two decades helping multigenerational businesses put strong governance in place, develop leadership teams, and plan for succession. He and Julie discuss real-world cases, including international families preparing third-generation members to become thoughtful shareholders, and Midwest businesses navigating fairness between siblings and non-family executives.
Jeremy explains why professionalizing a family business can help protect both relationships and results. He shares how families are using charters, annual meetings, and defined leadership roles to create clarity. He also highlights the value of non-family leadership and how tools like insurance and non-equity compensation can bring stability during transition.
They also explore current trends in family business exits, from shifting valuations to ownership challenges. Jeremy stresses the emotional side of succession and the importance of patient, honest conversations throughout the process.
This is a valuable listen for anyone working in or with family-run businesses!
Find Jeremy here
Learn more about Family Legacy 1st here
Connect with Julie Keyes, Keyestrategies LLC
Founder, Consultant, Author, Pod-caster and Instructor