Building and developing a business takes commitment, dedication, and hard work. As your business grows and thrives, you can feel like a proud and protective parent – and it’s understandable. You have nurtured and supported the company’s growth and health much like raising a child. And then, there’s that proud moment when you recognize that it’s time to let go. All of your hard work has paid off, and a new chapter awaits you.
But how do you say goodbye? Most business owners find this emotionally difficult for myriad reasons. Some might worry about whether they can meet their financial goals. Others wonder how their family will be cared for, especially if family members benefit from the business, or may, in the future. Yet another concern may be what else there is to do beyond running the business. “What will I do with my time?” asked one business owner.
These are all valid concerns, and…