The Emotional Aspects of Selling Your Business

Boss Talk: Selling Businesses With Jim Parker and Carey Sobel | EP 19 | The Emotional Aspects of Selling Your Business

Link to video podcast episode: https://youtu.be/q5YrNKTMi9k 

Welcome back to another episode of Boss Talk: Selling Businesses With Jim Parker and Carey Sobel!

In this episode of Boss Talk, hosts Jim Parker and Carey Sobel dive into the important but often overlooked emotional aspects of selling a business. They discuss the deep personal connections business owners have with their companies, the emotional highs and lows throughout the sales process, and the impact on decision-making. The script explores the importance of being prepared emotionally, having a support system, and planning for life post-sale. Personal stories and real-life examples highlight the significance of managing emotions and handling transitions effectively. An essential watch for anyone considering selling their business.

Business owners, if this content resonated with you, feel free to contact Boss Group International for any inquiries or to get started with a Broker’s Opinion of Value. We're here to serve you and ensure your business goals are met with excellence.

For more information on selling your business, visit https://www.bossgi.com

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Catch up on past episodes here: https://www.youtube.com/playlist?list=PL6P2KZ69USp7uXhVKINeFL6IzcV9dr0fa

00:00 Introduction to Boss Talk
00:16 The Emotional Journey of Selling a Business
01:17 Building Relationships with Clients
03:19 The Personal Connection to a Business
07:23 Preparing for Life After Selling
08:11 The Emotional Rollercoaster of Selling
12:47 The Importance of Having a Plan
16:21 Risks of Not Selling in Time
18:13 Real-Life Stories and Lessons
20:47 A Heartfelt Business Deal
21:26 Unexpected Challenges and Triumphs
22:25 The Importance of Succession Planning
24:18 Handling Emotional Aspects of Selling a Business
29:48 Buyer's Perspective and Emotional Journey
35:27 The Emotional Rollercoaster of Closing a Deal
37:41 Final Thoughts and Apologies

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