In this episode, Melinda Emerson welcomes Karla Trotman to discuss her journey with Electrosoft and the transition into the family business. Karla shares insights on leadership changes, building an advisory board, and overcoming skepticism. The conversation delves into family dynamics, succession planning, and financial strategies essential for sustaining a family business. Karla also discusses her […]
SmallBizLady Summer Reading List 2024
It’s Summer, and that means it’s time a grab a good book and grow your expertise. There are many business books that have delivered an array of insightful and actionable reads. There are a particular set of books that I find valuable for small business owners seeking to navigate the complexities of entrepreneurship. Here are […]
A Guide to Building Retirement Savings as a Business Owner
There are lots of way to build retirement savings as a business owner. Having retirement savings is crucial to ensure financial security and independence in your later years. It allows you to maintain your standard of living, cover healthcare costs, and manage unexpected expenses without relying on others. Without adequate savings, you risk financial stress […]
The SmallBizChat Podcast: Transitioning Leadership in a Family Business with Barry Banther
Barry Banther is a family business expert. He is a speaker and a gentleman, and he has been helping family businesses work together and live together in harmony for over three decades. He’s been a lead consultant on over 400 engagements to help improve small business performance. From strategy to planning to secession and exit […]
May 2023 #SmallBizChat: NBSW 2023 Succession Planning in Small Businesses
#Smallbizchat Podcast LIVE is a monthly video interview show where small business owners can get answers to their questions. The focus of #Smallbizchat is to end small business failure by helping participants succeed as their own boss. Please join us live every third Wednesday of the month from 8-9 pm ET Live on my SmallBizLady Facebook […]
The SmallBizChat Podcast: Becoming a Menopause Millionaire with Carole Hodges
Carole Hodges is the founder and author of the Menopause Millionaire. She is a financial expert dedicated to helping women approach their relationship to money with self-confidence as they enter menopause. She is also a licensed insurance representative in California and Nevada and has worked as a financial services representative at MassMutual Greater Pacific. Carole […]
Are You Ready For Succession Planning In Your Family Business?
A colleague recently asked me: “Is succession planning the biggest issue facing family businesses today?” After giving the question some thought, I responded that we must be clear on what we mean by Succession Planning. If succession planning is defined as the journey to plan for leadership for the survival of the business as an […]