When we meet with a prospective client who is considering the sale of a company, we ask what is going to be on their next business card.
Why? Without a plan moving forward, the seller may have ‘seller’s remorse’ and and not support the sale process to the end.
What is your business card going to say?
Couch Potato: Sit on the couch watch soap operas, Fox or CNN
Traveler: Travel to visit friends and places
Golfer: Tune up your game and play golf twice a week
Caretaker: Provide care to a loved one
Woodworker: Make furniture
Volunteer: Work two days a week at a local hospital
Tutor: Teach kids who have special challenges
Consultant: Join a consulting firm
Pilot: Join a flying club and learn how to fly
Bottom Line: If you are considering the sale of your company, know what your next business card is going to say before you commit to the sale process.