20 Golden Nuggets - No Regrets.

17. Managing Post-Sale Regret

Many business owners, after selling their company, experience a wave of regret. This often stems from the emotional connection to the business and the sudden shift in identity after the sale. You’ve spent years, perhaps decades, building the business, and when it’s gone, it’s common to feel a loss of purpose.

To manage post-sale regret, it’s important to have a plan for your next phase in life. This could involve starting a new business, pursuing a passion project, or spending more time with family. Knowing what you want to do post-exit can provide a sense of purpose and prevent feelings of regret from taking hold.

Talking to other business owners who have been through the exit process can also help. They can offer insights and advice on how to navigate this emotional period. Remember, it’s natural to feel uncertain, but with the right planning, you can create an exciting next chapter.

Golden Nugget -  Prepare for life after the sale by having a clear plan for what’s next. Post-exit regret is common but manageable with the right mindset.