Selling a business is a difficult proposition. For those of us who have been fortunate enough to successfully sell a business, it may be tempting to use the proceeds from the sale to seed your next venture. But is it really the right time? Before you can know this, you must evaluate the true cost and what it will mean for you and your family. In this entry, I want to challenge those of you who are considering this to really think about the true cost. Follow Along With The Financially Simple Podcast! This week on The Financially Simple Podcast: (1:36) Current economic factors (4:37) Mass migration’s impact on local economies (9:20) Personal considerations (10:56) Taking care of yourself (12:36) Taking care of your relationships Selling a Business to Launch a New One: Current Economic Factors By the time you’ve sold your business and worked through your earn-out and […]
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