Module 6: What else do I need to know?

Download Your Workbook

Click to download your workbook before you start the lessons

The happiest departures occur when owners have more factors pulling them instead of pushing them out of their business.

Key Points

  • There are many push factors that influence owners to want to exit their businesses: a magic retirement age, their business has peaked, they see the risk of having most of their wealth in one basket, they're bored, stressed, or are having health issues.
  • The pull factors that draw owners away from their businesses include a desire to travel, get fit, spend more time with family and friends, create and work on a charitable foundation, and start a different business initiative.
  • It takes a lot of pull factors to overcome the emptiness that owners often feel after they exit their businesses.

Download the workbook for Module 6

How do you know when you're ready?

Watch this video for inspiration on what might pull you into your post-business future.

Key Takeaways

  • Push factors, such as boredom, health challenges, and stress tend to drive an owner out of their business, but to what?
  • On the other hand, pull factors invite owners into something new. The new things are there for owners to transition into, not just out of their businesses.
  • The most satisfied owners who've sold their businesses are those who have more compelling pull than push factors.

Next Steps

  • If you haven't yet, please download the workbook for Module 6.
  • Complete the assignment in your workbook for lesson 1.
  • You are almost there! Hopefully, you have a new bounce in your step as you gain confidence and overcome any feelings of dread you may have had about your future exit.
  • Move to the next lesson to listen to three stories of owners who wanted to sell their businesses.