How Founders Can Build a Legacy and Rediscover Purpose After Succession with Bob Labbe Part 2

This GPT has already supported hundreds of multi-generational businesses through complex transitions, and I’ve translated that experience into a free Custom GPT available on our website. Explore it here: https://bit.ly/art-of-succession-our-GPT ------------------------------------------------ Want to be a guest on our podcast? Apply and share your expertise with our audience at https://www.podmatch.com/member/artof... ------------------------------------------------ Welcome to Part 02 of The Art of Succession Podcast. Host Barrett Young, CPA, continues his conversation with Bob Labbe, Owner and Partner at The Ultimate Drink Coaster Co. LLC. In this episode, Bob reflects on selling another business, planning his transition into retirement, and bringing in a trusted leader to run the company he built. He shares how his passion for golf led him to create a book that helps golfers improve their putting through a simple engineering approach. Bob also talks about staying creative after leaving day-to-day business operations, supporting his family’s coaster company, and why listening carefully and taking time to think leads to better decisions in business and life. Bob explains how stepping away from running his company became possible after preparing a trusted leader to take over the business. He and Barrett discuss how planning ahead and placing the right person in charge helped the transition happen smoothly. Bob shares how retirement gave him time to focus on new ideas, including writing a golf book that teaches a simple method to improve putting. He also talks about supporting the growth of The Ultimate Drink Coaster Co., LLC with his family, why problem-solving has guided his career, and how listening carefully and thinking before responding leads to better decisions in business and life. Key Takeaways: 1. Bob says preparing the right leader helped make his retirement transition smooth. 2. He developed a simple golf putting method that later became a book. 3. Bob turned his personal interests into new projects after business leadership. 4. He stresses listening carefully and thinking before responding to complex problems. 5. Bob believes a problem-solving mindset keeps entrepreneurs creative after retirement. Here are a few quotes from the episode: “I see myself as a problem solver.” - Bob Labbe “Don’t be too quick on your response. Think about it and come back with a better answer.” - Bob Labbe “Never, ever give up.” - Bob Labbe Join Bob Labbe, Owner and Partner at The Ultimate Drink Coaster Co., LLC, as he shares how planning ahead helped him step away from running his company and pass leadership to a trusted successor. He explains how his passion for golf led him to create a simple putting method and write a book to help golfers improve their game. Episode Highlights [00:00] - Welcome to Part 2 with Bob Labbe [01:10] - Selling the third company to an employee [02:43] - Developing the golf putting method [06:23] - Life in retirement [09:22] - Identity beyond business ownership [11:09] - Importance of listening and patience [15:08] - Shifting expectations of success [17:29] - Energy levels with aging [19:09] - Role in daughter's coaster business [22:01] - Lightning round begins [27:08] - Where to find Bob online FOLLOW THE GUEST: Bob Labbe - LinkedIn:   / bob-labbe-59800a398   Company Website (The Ultimate Drink Coaster Co. LLC): https://ultimatecoasterco.com/ Company Facebook (The Ultimate Drink Coaster Co. LLC):   / ultimatecoasterco   FOLLOW THE HOST: LinkedIn:   / barrettyoung   Company LinkedIn:   / gwcpa   Website: https://gwcpas.com/ Email: [email protected] FOLLOW THE PODCAST: Apple Podcast: https://podcasts.apple.com/us/podcast... YouTube:    / @artofsuccession   Spotify: https://open.spotify.com/show/7uhogBx... LinkedIn:   / art-of-succession-podcast   Website: https://gwcpas.com/podcast