Selling a business is often the biggest decision in an entrepreneur’s life, and it isn’t easy. Emotional preparation is key.
Finding a buyer isn’t the only difficult step – preparing yourself for the process of letting go is also tough.
After building your company over the years, giving up control is not easy. Suddenly you are 3rd in line at Starbucks instead of CEO. Tough on anyone’s ego, this transition can be particularly painful for the emotionally unprepared.
Here are some of the emotional hurdles that business owners typically face when they sell:
Ready to Sell Your Business? Prepare Yourself Emotionally First - By Eric Hamden