Why Business Owners Regret Selling—And How to Ensure You Won’t | EP 051
Manage episode 481404837 series 3501629
In this episode of the Tax Talk Podcast, we are chatting with David Prowse about the emotional side of exiting your business. You will speak with your account and lawyer about the tax and legal side of the sale, but do you consider the emotional aspects that come with selling your business? Do you have a plan in place that will ensure that you are happy and fulfilled when you move on from that project? We are going to look at why you need to consider the emotional side of exit planning and create a plan for your life after the sale.
David Prowse
M&A Evolution
[email protected]
905-337-8341
00:00 Kicking it off
00:52 Overview of episode
02:01 The emotional side of exit planning
05:40 Why you need to consider the emotional side
09:13 Sellers remorse
12:56 Your life after the sale
17:32 A transition period
22:04 The Pessimist vs the Know-It-All
27:03 Final thoughts on exit planning
29:30 Wrapping it all up
________________________________________
Disclaimer: By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Chapters
1. Kicking it off (00:00:00)
2. Overview of episode (00:00:52)
3. The emotional side of exit planning (00:02:01)
4. Why you need to consider the emotional side (00:05:40)
5. Sellers remorse (00:09:13)
6. Your life after the sale (00:12:56)
7. A transition period (00:17:32)
8. The Pessimist vs the Know-It-All (00:22:04)
9. Final thoughts on exit planning (00:27:03)
10. Wrapping it all up (00:29:30)
51 episodes