Tax Talk Podcast
A monthly podcast with a wide range of guests focused on helping Canadian small business owners make decisions surrounding incorporation, growing their business efficiently, and implementing successful succession, estate planning & tax planning strategies.
Tax Talk Podcast
Why Business Owners Regret Selling—And How to Ensure You Won’t | EP 051
In this episode of the Tax Talk Podcast, we are chatting with David Prowse about the emotional side of exiting your business. You will speak with your account and lawyer about the tax and legal side of the sale, but do you consider the emotional aspects that come with selling your business? Do you have a plan in place that will ensure that you are happy and fulfilled when you move on from that project? We are going to look at why you need to consider the emotional side of exit planning and create a plan for your life after the sale.
David Prowse
M&A Evolution
david.prowse@m-a-evolution.ca
905-337-8341
00:00 Kicking it off
00:52 Overview of episode
02:01 The emotional side of exit planning
05:40 Why you need to consider the emotional side
09:13 Sellers remorse
12:56 Your life after the sale
17:32 A transition period
22:04 The Pessimist vs the Know-It-All
27:03 Final thoughts on exit planning
29:30 Wrapping it all up
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