There are three fundamental questions every business owner should ask themselves as they prepare to exit their business:
- Who will buy my business?
- How much money will I need for the next stage in my life?
- What will my life look like post-ownership?
Often the third question is dismissed as something that will occur naturally when the business sells. However, business owners who have a specific post-ownership plan that details what their life will look like after the sale are the most successful. They look forward to moving toward their pre-planned new phase, versus trying to discover it.
A written post-ownership plan will ensure that you successfully transition into your new expanded identity with a renewed sense of passion and purpose.
We don’t let you dismiss or minimize this step. We will guide you through the process of creating a clearly defined strategy for your post-ownership life that incorporates three crucial areas for a fulfilling life after owning and running the business: intellectual, physical, and social.