How to say goodbye to running your business

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Most business owners find this emotionally difficult for myriad reasons.

Some might worry about whether they can meet their financial goals. Others wonder how their family will be cared for, especially if family members benefit from the business, or may, in the future. Yet another concern may be what else there is to do beyond running the business. “What will I do with my time?” asked one business owner.

Key roles to consider as you form your team as a business owner are a certified professional accountant, a business attorney, a wealth adviser, an investment banker, and an owner transition coach/adviser. Your team should help you with action steps and timelines, and they will provide you with points of consideration you may not have thought about.

Identify what causes you to pause. Pinpoint any other doubts that are holding you back and confront them. It could be that one conversation you dread having.

 

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