The biggest reason business transitions fail is that the owners are not personally ready. It's never too early to start building excitement for your next chapter, t...
The biggest reason business transitions fail is that the owners are not personally ready. When a business transition is being contemplated, the owners may be more worried about the details of how and when and not spend enough time thinking about their personal futures and the potential risk to their families.
The 3rd Act
It’s never too early to start building excitement for your next chapter, the 3rd Act. Owners may feel pushed out of their businesses due to exhaustion, increased risk, difficulty to do business, or other stress related reasons. Many of these owners end up regretting their decisions to exit. Alternatively, owners that pull themselves out because they are excited about their futures leave with a feeling of gratitude. Do you have someone to walk with you while planning your 3rd Act?
Please join Samantha Metcalf and Lisa Horn as they continue the conversation around business transition in this video. Stay tuned for further installments in our Owner Transition series.
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