Emotional Preparation

March 22, 2019

Emotionally Preparing for a Business Sale

The process of selling a business can become a psychological and emotional roller-coaster. The bumpiness of the ride is dependent on many independent factors including the preparedness of the business itself, the  effectiveness of the intermediary, the shrewdness and/or professionalism of the buyer and the rigors of due diligence. Emotional and psychological factors can also have an impact on how smooth the process might progress for a given owner seller. The emotional loss of selling a business is a real thing. Dealing with such emotion while also managing a potentially stress-filled due diligence process can be exhausting. For some business sellers, the pros of “getting out” far outweigh the cons of both process and emotion that accompany such a transaction. […]