The Elite Financial Advisor Podcast With Sten Morgan 209 Serving Business Owners Before, During, and After an Exit with Mark Osborne
This conversation delves into the reasons behind seller hesitation in business transactions, particularly focusing on the identity crisis that sellers face post-sale. Mark Osborne emphasizes the importance of financial advisors in helping sellers navigate their options and develop a clear plan for life after selling their business, which can instill confidence and reduce the likelihood of deals falling through.
Takeaways
The biggest reason why deals don't transact is because the seller gets cold feet.
Sellers often face an identity crisis after selling their business.
Financial advisors play a crucial role in guiding sellers through their options.
Having a clear plan post-sale can boost seller confidence.
Sellers need to consider what they will do after selling.
Options for sellers include starting a foundation or pursuing new career stages.
Understanding seller hesitation can improve transaction success rates.
Deal teams should address sellers' concerns about their future.
Confidence in selling is essential for business owners.
Navigating post-sale life is as important as the sale itself.