Chapter
The Emotional Side of Selling Your Business
27:34 - 34:55 (07:20)
Selling a business can be emotionally challenging as it often involves a sense of loss and adjusting to a new way of life. Many people experience sticker shock when realizing that the passive earnings from selling the business generate dramatically less income than the business itself did.
Clips
Selling a business may seem like an ideal decision, but it involves taking several factors into consideration such as the risks you're stepping away from, the chances of starting another successful venture, and the passive earnings derived from the sale.
27:34 - 31:16 (03:42)
Business
Summary
Selling a business may seem like an ideal decision, but it involves taking several factors into consideration such as the risks you're stepping away from, the chances of starting another successful venture, and the passive earnings derived from the sale.
ChapterThe Emotional Side of Selling Your Business
EpisodeMichael Sonnenfeldt: The Most Successful Real Estate Deal of All Time and Building a Community of Billionaires
PodcastMy First Million
The challenge of managing wealth that has been created can be more intellectually challenging than the business itself because the latter might have come naturally to entrepreneurs.
31:16 - 34:55 (03:38)
Wealth Management
Summary
The challenge of managing wealth that has been created can be more intellectually challenging than the business itself because the latter might have come naturally to entrepreneurs.