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Exit Strategies and New Beginnings: A Conversation with Colette Kemp
Manage episode 480407352 series 3633485
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In this episode of "The Art of Imperfect Adulting," guest Colette Kemp shares her insights after observing her father's experience in closing a family-owned jewelry business. Colette discusses the emotional and logistical challenges faced during the transition and offers her perspective as a boutique business broker helping baby boomers sell their businesses. With a focus on generational transitions and the importance of planning, this conversation provides valuable takeaways for business owners considering an exit strategy.
Guest Information: Colette Kemp is a boutique business broker. With her firsthand experience in entrepreneurship and as a former yacht stewardess, Colette specializes in helping baby boomer business owners transition their businesses to the next generation.
Main Topics Covered:
- Colette's background and personal journey in business (00:01:16)
- Her father's experience in closing a 30-year-old business and its emotional impact (00:03:28)
- The importance of planning in business transitions and exits (00:09:58)
- Colette's role as a business broker and her specialization in generational business sales (00:22:43)
- Challenges and considerations in selling a business (00:25:00)
Quote from the Episode: "Unfortunately, it's hard to convince a business owner, hey, you know, if you want to retire at 75, you probably should start making plans at 70." - Colette Kemp
Timestamps:
- Introduction and welcome: [00:00:05]
- Colette's personal background: [00:01:16]
- Story of Colette's father's business: [00:03:28]
- Discussion of planning for business exits: [00:09:58]
- Colette's business brokerage and experience: [00:22:43]
- Challenges of selling a business: [00:25:00]
Connect with Collette Kemp at www.surestepbusiness.com
Special offer from the guest: A self-assessment quiz that business owners can take to find out if they are ready to sell their business https://colette-fzhancxs.scoreapp.com
Offers from the guests of the show are sometimes limited-quantity or limited-time offers. If you have an issue with redemption of this offer please reach out directly to the guest.
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