Feb 27, 2023
Making the transition from business owner to employee after selling
your business is something that many entrepreneurs aren't well
prepared for. Friends, I'm not referring to those who've sold their
companies and must now find a job. Instead, I'm talking about those
who do as I recently did, selling their business and staying on as
an employee. Are you truly prepared for that type of transition?
Can you handle it? In this episode, I'm exploring how to go from
owner to employee in your own business.
This week on The Financially Simple Podcast:
● (2:15) Employment agreements and Earn-outs
● (5:20) Can you handle the change?
● (7:40) A new set of benefits
● (10:01) Lowered risk
● (11:30) Don't do it alone
Our Favorite Quotes:
"You can handle whatever you desire to handle. Whether you think you can or think you can't, you're right." - Justin Goodbread
"Being at the top is a lonely place. While you might not be truly alone, there are very few people in the entrepreneur's life that really understand what it's like to be a business owner." - Justin Goodbread
About The Financially Simple Podcast
If you are looking for a podcast that speaks directly to the challenges and puzzles of running a business, you’ve come to the right place. The Financially Simple podcast was built for you. With over 400 episodes and counting, our host Justin Goodbread covers a broad range of topics, from starting a small business, to prepping it for sale, to growing your personal wealth. Justin’s combination of analytical skills, tough love, and a healthy dose of experience delivers practical ideas that will benefit business builders at every stage of their business journey.
If you have questions, or comments for Justin, submit those at: https://financiallysimple.com/ask-justin/
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Financially Simple is a division of WealthSource Partners, LLC (“WSP”), which offers investment advisory and financial planning services. All investing involves risk of loss, including the possible loss of principal. Past performance does not guarantee future results and nothing in this podcast should be construed as a guarantee of any specific outcome or profit. All market indices discussed are unmanaged, do not incur management fees, costs and expenses, and cannot be invested into directly. Business planning services offered by WealthSource Business Advisors, LLC (“WBA”).
This podcast is distributed for informational purposes only. The content of this podcast represents the views and opinions of Justin Goodbread and/or the podcast’s guests and do not necessarily represent the views and/or opinions of WBA, WSP or their affiliates or representatives. Statements made in this podcast are subject to change without notice. Neither WBA, WSP or their representatives, the podcast’s hosts or its guests have an obligation to provide revised statements in the event of changed circumstances. Statements made in the podcast are not to be construed as legal or accounting advice or as personalized advice of any nature. Listeners should conduct their own review of any statements made or strategies discussed and exercise judgment or consult with their own professional advisor to see how the information contained in this podcast may apply to their own circumstances.