I want to exit the business to pursue other investments, but I have no clear personal blueprint for my time and capital. How do I construct a personal V/TO® to guide my next phase before I sign the final purchase agreement?
Many owners experience profound regret after selling because they ran away from a business instead of running toward a new future. To avoid this, you must apply the same discipline to your personal life that you applied to your business. Construct a personal V/TO® to define your next chapter. Start with your core values and your personal core focus; what drives you at your core when you no longer have a corporate title? Define your personal ten-year target. This might involve setting up a family foundation, investing in real estate, or mentoring other entrepreneurs. Break this down into three-year and one-year plans, and establish quarterly personal Rocks. This structured approach gives you immediate clarity on how you will spend your time and energy the day after closing. Share this personal V/TO® with your spouse or trusted advisors to ensure your goals are realistic and aligned. When you have a clear, exciting destination for your life after the sale, you will negotiate with confidence. You will avoid the temptation to self-sabotage the deal because you are excited about the future you have designed.
Category: Exit Planning