Jan 25, 2021
My guest on this show is Ryan Tansom of Arkona. I had the honor of being a guest on Ryan’s podcast last year and had blast talking about the importance of vision in transition. For years Ryan worked as part of a family business started by his dad and played a major role in turning the company around and eventually selling it. He founded Arkona based on what he learned through the process. He now helps business owners improve valuation and get clear on what they want in order to build a strategic and operational plan to drive the exit outcome they are looking for.
In this episode you’ll learn:
- Navigating turning your vision into a direct path
- What to do when you feel trapped in the business
- How to know If your successor is ready to run the business
- Why resilience isn't always enough
- The importance or vision as a starting point to succession
- What “vision” really means as a business owner
- What you need to be clear on in order to have a successful exit
- When is the right time to start planning your exit
- How to use the pandemic as a lesson to create leverage
- Why context is important when seeking advice on transition
Resources/links:
- Arkona- https://arkona.io/
- Intentional Growth Podcast- https://arkona.io/podcasts
- LinkedIn- https://www.linkedin.com/in/ryan-tansom-4a440710/
- Book- The Happiness Advantage
- Book- The Infinite Game
Audiograms:
6:22 – 7:04 Family business dynamics. Did you love the business?
8:27 – 9:22 What happens when you feel trapped?
15:05 – 15:39 What does vision mean as a business owner? Vanity metrics.
18:20 – 18:55 Your business is your vehicle. Separating your identity.