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The Art of Succession
Barrett Young | GWCPA
35 episodes
1 week ago
Stepping into the role of business owner is one of the most challenging endeavors you'll undertake. Buying that business from someone you already know amplifies the risk of mistakes. On The Art of Succession Podcast, you'll hear from entrepreneurs who've successfully transitioned from employee to owner by acquiring businesses from parents, former bosses, or co-founders. Together, we'll explore how they navigated the complex blend of emotions and strategic decisions required to honor the past while forging a new and vibrant future. Your host, Barrett Young, a fellow traveler in the succession story of a 75+ year CPA firm himself, invites his guests to reflect on the mindset shifts, challenges, and triumphs that have empowered them to build on their established foundations. Whether you're just starting out or already envisioning your own succession plan, you will find insights and actionable advice to guide your journey.
Show more...
Entrepreneurship
Business,
Management
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All content for The Art of Succession is the property of Barrett Young | GWCPA and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Stepping into the role of business owner is one of the most challenging endeavors you'll undertake. Buying that business from someone you already know amplifies the risk of mistakes. On The Art of Succession Podcast, you'll hear from entrepreneurs who've successfully transitioned from employee to owner by acquiring businesses from parents, former bosses, or co-founders. Together, we'll explore how they navigated the complex blend of emotions and strategic decisions required to honor the past while forging a new and vibrant future. Your host, Barrett Young, a fellow traveler in the succession story of a 75+ year CPA firm himself, invites his guests to reflect on the mindset shifts, challenges, and triumphs that have empowered them to build on their established foundations. Whether you're just starting out or already envisioning your own succession plan, you will find insights and actionable advice to guide your journey.
Show more...
Entrepreneurship
Business,
Management
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The Succession Planning Creatives Ignore That Destroys Legacy and Profit with Lesle Lane
The Art of Succession
1 hour 9 minutes
1 month ago
The Succession Planning Creatives Ignore That Destroys Legacy and Profit with Lesle Lane

The 30-Question Ownership Readiness Diagnostic. Identify your gaps in finance, leadership, and revenue creation before you take the leap. Get your score, get your plan. (It’s FREE!)
👉https://bit.ly/owner-shipmindset-scoreapp
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Want to be a guest on our podcast? Apply and share your expertise with our audience at https://www.podmatch.com/member/artofsuccession
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Welcome to The Art of Succession Podcast. Host Barrett Young chats with Lesle Lane, Photographer and owner of Studio 13, Inc. Lesle shares her journey of growing up in a family of photographers, taking over her stepfather's business at 21, and how she turned challenges into success. She talks about legacy, adapting to industry changes, and her shift to becoming a business owner who prioritizes strategy alongside creativity.


Lesle isn’t just a photographer; she now helps creatives run profitable, balanced businesses. Her journey from taking over her stepfather’s studio at 21 to building her own successful brand taught her the importance of strategy and creativity. By sharing her experiences, she shows how adapting to change and prioritizing business alongside art can lead to lasting success without burning out.

Lesle spent years growing her photography business before becoming a mentor to fellow creatives. Her advice comes from real challenges and successes in building a business. With a focus on balance, mindset, and smart planning, she helps others create profitable businesses, avoid burnout, and lead with clarity and confidence.


Key Takeaways:

  • Lesle’s journey from family photography to running Studio 13.
  • Challenges faced while taking over a business at 21.
  • Helping creatives thrive without burning out.
  • Lessons from adapting to digital and AI changes in photography.
  • Why strategy, balance, and self-care are key to lasting success.

Here are a few quotes from the episode:

  • “You don’t have to sacrifice your creativity to run a successful business.” - Lesle Lane
  • “Success is built on both strategy and art, not just hustle.” - Lesle Lane
  • “Create a business that works for you, not the other way around.” - Lesle Lane

Join Lesle Lane as she shares how her real-life experiences, business strategies, and focus on balance are helping creatives build profitable businesses, lead with clarity, and find success without burning out.


Episode Highlights
[00:00] - Teaser
[00:00] - Intro & Why Creatives Must Think Like Business Owners
[03:58] - Lesle’s Family Legacy and the Shift to Color Photography
[07:54] - Embracing digital and seeing AI as the next big change
[10:46] - How each generation brought business innovation
[14:01] - Growing up in a home studio and early expectations
[16:49] - Why she chose corporate work over wedding photography
[19:12] - Brothers as potential heirs and how she stepped in
[20:45] - Taking over at 21 after her stepdad’s stroke
[23:05] - Early challenges, learning admin and client trust
[26:00] - Building trust with clients and earning her place
[30:53] - Big risks: digital gear, 9/11, recession, and COVID
[38:01] - Mentors, lessons, and building a business that lasts
[42:20] - From Bankruptcy to Breakthrough
[44:11] - How Loss Led to a Scalable Photography Business
[48:55] - Lessons from Legacy and Innovation
[55:28] - Facing the AI Future in Photography
[59:35] - Lightning Round: Cake, Travel, and Impact
[63:08] - Gratitude and Generational Wisdom


FOLLOW THE GUEST:

  • LinkedIn (Personal Profile): https://www.linkedin.com/in/leslelane/ 
  • Studio 13 Inc (Website): https://www.studio13online.com/ 


FOLLOW THE HOST:

  • LinkedIn: https://www.linkedin.com/in/barrettyoung 
  • Company LinkedIn: https://www.linkedin.com/company/gwcpa/ 
  • Website: https://gwcpas.com/ 
  • Email: bey@gwcpas.com 

FOLLOW THE PODCAST:

  • Apple Podcast: https://podcasts.apple.com/us/podcast/the-art-of-succession/id1742796896 
  • YouTube: https://youtube.com/@gwcpas 
  • Spotify: https://open.spotify.com/show/7uhogBxFKWAAetAbD8TVQR  
  • LinkedIn: https://www.linkedin.com/company/art-of-succession-podcast/ 
  • Website: https://gwcpas.com/podcast 
The Art of Succession
Stepping into the role of business owner is one of the most challenging endeavors you'll undertake. Buying that business from someone you already know amplifies the risk of mistakes. On The Art of Succession Podcast, you'll hear from entrepreneurs who've successfully transitioned from employee to owner by acquiring businesses from parents, former bosses, or co-founders. Together, we'll explore how they navigated the complex blend of emotions and strategic decisions required to honor the past while forging a new and vibrant future. Your host, Barrett Young, a fellow traveler in the succession story of a 75+ year CPA firm himself, invites his guests to reflect on the mindset shifts, challenges, and triumphs that have empowered them to build on their established foundations. Whether you're just starting out or already envisioning your own succession plan, you will find insights and actionable advice to guide your journey.