What if the biggest risk in your transition isn’t taxes or valuation—it’s making assumptions about the people you love?In this episode, Elizabeth Ledoux and her successor-partner Andrea Carpenter unpack how Transition 3.0 is changing the way families think about succession. Instead of designing a transition for your successors, Transition 3.0 invites you to build it with them—reducing assumptions, strengthening communication, and dramatically increasing success.They explore why 60% of transitions fail, why proactive planning protects relationships, and how the Evolve program helps owners create clarity, optionality, and momentum—whether they plan to exit in 2 years or 12.What You’ll Hear in This Episode:Why 60% of transitions fail—and why communication is the real reasonThe difference between Transition 1.0, 2.0, and 3.0How assumptions become landmines in family and partner dynamicsWhy designing transition with your successors changes everything The Evolve program and what makes it differentWhat owners get wrong about timing—and why the best time to plan is before you want to leaveHow clarity reduces advisor costs and accelerates decision-makingReal stories from families who were proactive… and those who waited too long🔗 Connect with Elizabeth & The Transition StrategistsWebsite: https://transitionstrategists.com/Facebook: https://www.facebook.com/thetransitionstrategistsElizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/YouTube: https://www.youtube.com/@transitionstrategists🔗 Connect with Andrea Carpenter & Your Next Gen FriendWebsite: https://yournextgenfriend.com/Instagram: https://www.instagram.com/yournextgenfriend/YouTube: https://www.youtube.com/@yournextgenfriendLinkedIn: https://www.linkedin.com/in/andreashaver/🎧 Subscribe to The Business Transition RoadmapSpotify: https://spoti.fi/3MxSYA2Apple Podcasts: https://apple.co/3IhMMuxChapters in This Episode00:00 — Welcome & Why We’re Talking About Evolve01:26 — The People-First Path to Transition02:44 — Why 60% of Transitions Fail04:36 — The $83.5 Trillion Wealth Transfer & What’s at Risk06:33 — Protecting Relationships: The Real Asset08:05 — What Transition 3.0 Is (and Why It Works)09:46 — Assumptions That Derail Owners11:43 — Avoidance as a Decision13:35 — The Transition Compass: Why, What, Who, When15:41

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