Why do so many business transitions fail—even when the legal documents are “perfect”?

In this episode of Business Transition Roadmap, Elizabeth Ledoux breaks down Transition 3.0, a collaborative approach to succession that moves beyond secrecy and top-down announcements. She explains how traditional transition models often create shock, quiet resentment, or surface-level alignment—and why involving the next generation before decisions are finalized dramatically improves outcomes.

Elizabeth outlines the differences between Transition 1.0, 2.0, and 3.0, showing why compliance is not commitment, assumptions create risk, and people support what they help create. If you’re an owner planning for the future—or a successor trying to understand where you fit—this episode offers a clearer path forward.

What You’ll Hear in This Episode:

1. The three transition models most owners use without realizing it
2. Why secrecy and “I’ll tell them when it happens” creates risk
3. How Transition 2.0 improves timing but still falls short
4. The difference between compliance and commitment
5. Why most transitions fail on the human side
6. How collaborative design increases clarity, buy-in, and durability

Elizabeth & The Transition Strategists

Website: https://transitionstrategists.com/

Facebook: https://www.facebook.com/thetransitionstrategists

Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/

Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/

YouTube: https://www.youtube.com/@transitionstrategists

Subscribe to The Business Transition Roadmap

Spotify: https://spoti.fi/3MxSYA2

Apple Podcasts: https://apple.co/3IhMMux

Chapters in This Episode

00:00 – Introduction to Transition 3.0

01:05 – Succession Planning vs. Transition Strategy

02:15 – Transition 1.0: “I’ll Tell Them When It Happens”

04:30 – The Shock, Risk, and Fallout of Secrecy

06:40 – Transition 2.0: Informing Without Including

09:30 – Compliance vs. Commitment

11:15 – Why Assumptions Undermine Transitions

12:40 – Transition 3.0: Collaborative Design Explained

14:50 – Including the Human Side of Transition

16:40 – Why Transition 3.0 Works

18:00 – Invitation to the Evolve Program & Closing Reflection

What happens when you’ve done everything you were “supposed” to do—and it still doesn’t feel like enough?

In this episode of The Business Transition Roadmap, Elizabeth Ledoux sits down with executive coach Jeff Munn, who specializes in helping founders and business owners move past the letdown of success and the overthinking that follows major milestones.

Jeff shares his own journey as a lawyer, consultant, and executive who checked every box—only to discover that outer achievement can’t replace inner clarity. Together, they explore why busyness becomes an avoidance strategy, how identity gets tangled up in leadership roles, and why transition becomes more meaningful when leaders focus on feeling fully alive in their purpose, mission, and impact.

This episode is an invitation to slow down, clear the noise, and get honest about what you want next—before the next chapter is decided for you.

What You’ll Hear in This Episode:

1. Why “winning on paper” can still leave leaders feeling stuck
2. Jeff’s journey from overachiever to executive coach
3. The emotional letdown that often follows major success
4. How overthinking replaces clarity during transition
5. Why busyness can become an avoidance strategy
6. Identity shifts during succession, exit, and leadership change
7. The importance of slowing down before making big decisions
8. How purpose, aliveness, and impact shape what comes next

Connect with Jeff Munn

Linkedin: https://www.linkedin.com/in/jeffmunn/

Creating Extraordinary Futures: https://jmunn.com/

Elizabeth & The Transition Strategists

Website: https://transitionstrategists.com/

Facebook: https://www.facebook.com/thetransitionstrategists

Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/

Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/

YouTube: https://www.youtube.com/@transitionstrategists

Subscribe to The Business Transition Roadmap

Spotify: https://spoti.fi/3MxSYA2

Apple Podcasts: https://apple.co/3IhMMux

Podcast theme music by Transistor.fm.

Chapters in This Episode

00:00 — Welcome & Introducing Jeff Munn

02:02 — Winning on...

What if not knowing exactly how your transition will unfold was actually a gift—not a liability?

In this solo episode, Elizabeth Ledoux invites business owners and successors to rethink the idea of readiness in succession planning. Through a real client story and her own experience transitioning ownership without a successor initially in place, Elizabeth reframes uncertainty as a powerful strategic tool.

She explains why waiting until you “know for sure” often leads to avoidance, anxiety, and missed opportunities—and how adding time to the transition equation creates clarity, confidence, and stronger relationships. If you’ve been holding off because you don’t feel ready, this episode is your permission slip to begin anyway.

What You’ll Hear in This Episode:

1. Why readiness is a myth in business transition
2. How “not knowing” can actually reduce anxiety
3. Elizabeth’s personal transition story—and what surprised her most
4. Why transition works best as a journey, not an event
5. The power of time in building clarity, confidence, and communication
6. How the “gap vs. gain” mindset impacts founders and successors
7. Why starting early creates better outcomes—even without a successor
8. One small step you can take today to begin your transition journey

Connect with Elizabeth & The Transition Strategists

Website: https://transitionstrategists.com/

Facebook: https://www.facebook.com/thetransitionstrategists

Elizabeth on LinkedIn: https://www.linkedin.com/in/elizabethledoux/

Transition Strategists on LinkedIn: https://www.linkedin.com/company/transitionstrategists/

YouTube: https://www.youtube.com/@transitionstrategists

Subscribe to The Business Transition Roadmap

Spotify: https://spoti.fi/3MxSYA2

Apple Podcasts: https://apple.co/3IhMMux

Chapters in This Episode

00:00 — Welcome & The Gift of Not Knowing

01:10 — Why We Think We’re Supposed to “Know”

02:30 — A Client Story That Changed the Question

05:20 — Starting a Transition Without a Successor

07:45 — The Myth of Readiness in Transition

10:10 — Why Time Lowers Anxiety and Builds Trust

12:20 — Gap vs. Gain: Shifting the Mindset

13:55 — Using Not Knowing as a Tool

14:45 — One Small Step to Begin Today