Exit With Ease, with Janise Graham and Diana Murphy, Part 2- Creating Business Legacy and Ease with SOPs
The Leader's Table by Diana Murphy
Release Date: 06/26/2024
The Leader's Table by Diana Murphy
In the final installment of the Exit With Ease series in “The Leader’s Table by Diana Murphy” Podcast, Diana and Janise Graham discuss the complex emotional and psychological journey business owners face “at the finish line” as they complete the sale of their business. They emphasize the importance of starting with the end in mind and the transition from business life to personal life. The conversation covers key aspects such as celebrating milestones, managing family dynamics, and the 'baton passing' process. Janise and Diana stress the need for planning, visualizing...
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In the fifth installment of Exit With Ease, Diana Murphy and Janise Graham dive into the crucial topic of business valuations in the context of owner exits. They explore the emotional and technical aspects of valuation, factors influencing it, and the importance of having an expert advisory team. They also touch on the challenges owners face when confronted with unexpected valuation numbers and emphasize the need for individualized exit strategies. Be sure to listen to Part 6, the conclusion of the Exit With Ease series from “The Leader’s Table by Diana Murphy.” ...
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In this episode of Exit With Ease, Diana and Janise focus on the critical steps business owners should take when anticipating an exit or sale. They emphasize the importance of assembling a dream team of expert advisors, including attorneys, bankers, CPAs, wealth advisors, and insurance professionals, to navigate the complexities of the process. Through personal anecdotes and practical advice, Janice illustrates the benefits of having the right people in place, fostering efficient decision-making, and safeguarding long-term relationships with existing advisors. Diana and...
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Welcome to Part 3 of Exit With Ease with Janise Graham and Diana Murphy. This conversation covers how KPIs function as a barometer for business health, setting and achieving SMART goals, and maintaining realistic and actionable indicators. Janise emphasizes breaking down large goals into smaller, manageable steps to avoid overwhelm, while Diana highlights the importance of consistent communication and delegation. The episode provides practical insights and encourages owners to view their business data from a place of curiosity and strategic adjustment rather than judgment. ...
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Exit With Ease, Part 2 features a detailed conversation between Diana Murphy and Janise Graham, author and business strategist, about the importance of Standard Operating Procedures (SOPs) in creating systemic ease for business owners. The hosts discuss transitioning from the emotional elements explored in the first episode to practical business strategies in this episode. Janise emphasizes SOPs as foundational structures for business stability and growth, advocating for a mindset shift among owners to cultivate a systematic approach to running their businesses. The conversation covers...
info_outlineThe Leader's Table by Diana Murphy
Host Diana Murphy introduces a new series within "The Leader's Table by DIana Murphy," guiding business owners through the process of exiting their business, hosted alongside business strategist and author, In this first discussion of six, they cover the importance of approaching exit planning with emotional intelligence and understanding, highlighting the common fears and misconceptions business owners face when considering selling their business. Diana and Janise emphasize the importance of aligning exit strategies with personal values and the emotional aspects of leaving a...
info_outlineThe Leader's Table by Diana Murphy
Diana Murphy introduces a podcast series, “Exit With Ease with Janise Graham and Diana Murphy,” designed to guide business owners through the emotional and practical challenges of exiting their businesses. Over six episodes, Diana and her guest Janise Graham, author of 'Leaving in Style', provide insights into the mindset shifts and actionable steps necessary for a successful exit. The series also addresses the impact of grief, the new responsibilities that come with selling a business, and the importance of having the right support system. Diana invites listeners to...
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Annabelle Chamberlain and I had a profound conversation about transforming the way we handle grief. Both of us are from the Life Coach School and we talked about personal experiences and professional insights into managing grief beyond the conventional understanding. Annabelle shared her journey through the grief of losing her father and how it propelled her into specializing in grief coaching, focusing on helping others regain control over their emotions, reconnect with themselves, and enhance their productivity and passion amidst pain. We talked about the societal attitudes towards grief,...
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Welcome back to "The Leaders Table." I’m your host, Diana Murphy, and today’s episode is truly special. Joining me is the incredible Kristen Rocco, who specializes in bold and noteworthy branding, —a theme that resonates deeply with my own journey into more vulnerable, authentic business practices. Kristen and I first crossed paths at a networking dinner, and it was instantly clear that we shared similar values and experiences. Today, we dive into the concept of the "Midlife Click" versus the midlife crisis. This idea, brought to the table by Kristen, explores how significant life...
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You do not want to miss the insights and light bulb shares that happened in this conversation with author Anita Henderson. Becoming the Minimalist Entrepreneur: Lessons from My Journey to Work Less, Earn More and Play More is a memoir packed with encouraging insights and great nuggets learned along the way. Dig into this podcast and expect to be encouraged and inspired by new ways of thinking about becoming a minimalist IN your business. As an experienced entrepreneur, Anita shares with us how to focus on what is truly important. This conversation was a powerful reminder of...
info_outlineExit With Ease, Part 2 features a detailed conversation between Diana Murphy and Janise Graham, author and business strategist, about the importance of Standard Operating Procedures (SOPs) in creating systemic ease for business owners.
The hosts discuss transitioning from the emotional elements explored in the first episode to practical business strategies in this episode.
Janise emphasizes SOPs as foundational structures for business stability and growth, advocating for a mindset shift among owners to cultivate a systematic approach to running their businesses. The conversation covers how SOPs clarify company missions, enhance customer and employee experiences, and prepare businesses for scaling or exit by documenting processes and ensuring consistency across operations.
Janise and Diana share insights on overcoming the overwhelm of implementing SOPs through gradual, simplified approaches and leveraging internal and external resources.
They underscore the lasting value and increased operational efficiency that SOPs bring to businesses of all sizes, ultimately facilitating smoother transitions for owners looking to exit or scale their ventures.
00:00 Welcome & Series Introduction
00:27 The Power of SOPs for Business Legacy
01:30 Deep Dive into Standard Operating Procedures
05:45 Simplifying SOP Implementation
09:06 Overcoming Owner Hesitations & Empowering Teams
13:35 The Critical Role of SOPs in Business Sales & Scaling
22:12 Creating Operational Ease and Value
24:55 Mindset Shifts for Successful SOP Integration