Seventy five per cent of all business owners regretted selling their business 12 months after the sale! (According to a recent survey by PriceWaterhouseCoopers)
That’s a significant number! Especially for business owners whose life and identity are wrapped up in their business.
The solution is not to hold on to the business. Owners who hold on are in danger of ‘staying when they need to move on,’ dragging the company down.
Staying too long, the business owner ‘loses steam’ and begins to drain the business of its vitality. Instead of being a revenue generator, the business ‘bleeds’ the owner’s investment.
If you are planning an internal sale to your staff, partners etc., staying also limits the opportunity for the next generation to set a new direction - to infuse the company with the creativity and energy it needs to survive and grow.
Seeing diminishing potential for personal opportunity, the best people may leave – joining your competition.
The solution is for every business owner to envision a ‘Next Phase’ of their life after work and create something to look forward to. This is a very personal challenge – one that takes time and contemplation.
“What will I do next?” You decide! The Owners goal is to explore what beyond their business has personal meaning – to discover their deeper ‘Life Purpose’ and choose that ‘next phase’ of life that builds on that life purpose.
Choosing your ‘Next Phase’ is a challenge! To learn how I can help you, visit my web site