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. 

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