About this episode

Mike Libbey shares insights on a successful family business transition built over 16 years of preparation.

Episode: 143 Handing a business from one generation to the next sounds messy, but it doesn't have to be. This episode breaks down how a son spent 16 years earning the right to lead, what made the transition nearly seamless, and the financial and cultural moves every founder should be making long before succession ever becomes a conversation. ABOUT THE HOST: Jamie Shanks is the founder of Get Levrg and host of Outsource to Profits. Having built and scaled three agencies, Jamie helps business leaders leverage offshore talent, smart systems, and operational structure to grow beyond themselves and build something worth handing off. LinkedIn: https://www.linkedin.com/in/jamestshanks/ ABOUT THE GUEST: Mike Libbey is a Partner and COO at YBL, a virtual accounting and advisory firm serving growth-focused businesses across Canada. A co-founder of EdgeFlow, a workflow automation platform for financial advisors, Mike joined his father's accounting firm 16 years ago and has spent the last six years quietly running the business before formally taking over, proving that the best successions are built long before they're announced. LinkedIn: https://www.linkedin.com/in/mike-libbey/ EPISODE…

People in this episode

Host: Jamie Shanks

Guest: Mike Libbey

Topics covered

• business succession
• family business
• leadership transition
• financial planning
• cultural integration

Keywords

• business succession
• leadership
• family business
• financial advisory
• trust building

Mentioned in this episode

Organizations: Get Levrg, YBL, EdgeFlow

More episodes of Outsource to Profits Podcast

• Most Founders Are Too Busy to See the Change That's Coming for Them · May 19, 2026 · 13 min

Explore listener stats, chart rankings, contacts and more on the Outsource to Profits Podcast podcast page.