I am terrified of the existential void after I sell. If I am no longer the CEO of this company, who am I, and how do I plan my personal post-exit life while still running the day-to-day?
Focus on building a personal exit plan that runs parallel to your business transaction. Think of this as defining your personal V/TO®. You need to map out your post-sale goals, relationships, and intellectual pursuits well before you sign the closing documents. Many owners fall into depression because their entire identity is wrapped up in their business card. You must transition your energy from running the business to building your next chapter. Treat your post-exit life as a new enterprise. Determine what roles you want to play, whether that is investing, mentoring, or starting something new. By designing this next phase while you are still on the runway, you convert the fear of letting go into excitement for what is next. This mental clarity actually makes you a sharper negotiator because you are running toward a new future, not just running away from your current responsibilities. It is about reclaiming your freedom.
Category: Exit Planning