POWC # 808: More Than an Exit: The Journey of Business Transition | Andrea Carpenter

Pillars Of Wealth Creation · POWC # 808: More Than an Exit: The Journey of Business Transition | Andrea Carpenter

In today’s episode, Todd talks with Andrea Carpenter to explore a topic every business owner needs to plan for: succession and transition strategy.

Andrea shares both personal and professional insights—from watching her dad transition his own business, to stepping into a successor for a future business of her own. She dives into what it really takes to create a thoughtful, well-structured plan for handing off a company, whether it’s to family, a leadership team, or an outside buyer.

This shouldn’t be a quick exit. Andrea emphasizes that successful transitions take years of planning, clarity, and communication. Whether you’re thinking about retirement, passing on a legacy, or stepping into ownership yourself, this episode will challenge you to think long-term and prepare with purpose.

Book: The Art of Gathering by Priya Parker and The Myth of the Silver Spoon by Kristin Keffeler

Pillars of Wealth:

Spending Intentionally
Compounding Interest
Good Stewardship

Andrea Carpenter is the President of The Transition Strategists, where she helps business owners and successors navigate leadership changes, ownership transitions, and everything in between. A second-generation leader herself, Andrea brings firsthand insight to the succession process—combining personal experience with proven strategy. She and her team specialize in creating clear, people-centered plans that protect relationships and preserve enterprise value, whether a business is staying in the family, selling internally, or preparing for outside buyers.

Links Andrea Shares with Listeners:

Free Resource: transitionstrategists.com/powc

Your Next Gen Friend: https://yournextgenfriend.com/

The Transition Strategists: https://transitionstrategists.com/

YNGF Instagram: https://www.instagram.com/yournextgenfriend/

LinkedIn: https://www.linkedin.com/in/andreashaver/

Interested in coaching? Schedule a call with Todd at www.coachwithdex.com

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Listen to the audio version on your favorite podcast host:

SoundCloud: https://soundcloud.com/user-650270376