On this episode of the Rock School Proprietor Podcast host John Kozicki (Michigan Rock School and RockSchoolProprietor.com) has a fascinating conversation with Eric Bourassa (UnlimitedGuitar.com), the former owner of the Fort Worth Music Academy. Eric shares why he chose to sell his thriving music business and the personal insights he gained afterward. This episode unveils the intricacies of selling a business, the emotional journey involved, and the surprising regrets that came with it.
In this episode:
- Eric emphasizes the importance of having a clear vision for one's career.
- The intense emotions involved in selling a business, and how they can influence decisions.
- The negotiation process in selling a business requires careful consideration and legal advice.
- Building a successful music school involves more than just financial success; community matters.
- Transitioning from a brick-and-mortar school to online teaching, and future plans to possibly return to a brick-and-mortar school.
Eric candidly shares his motivations, the challenges he faced in the negotiation process, and how his passion for being a full-time musician influenced his decision. If you're contemplating selling your own music school or simply curious about the journey of a business owner, this episode is packed with valuable lessons and honest reflections.
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Episode Transcript:
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