For business owners (and sellers) to learn Exit Planning tips to successfully sell your company
By Sankeetha Selvarajah Today's issue is brought to you by Zensei LLC. We help high achieving entrepreneurs get clear on their growth by planning their exits in a mindful, systematic process. If you're an entrepreneur who is looking to exit and scale in a way that fits your lifestyle, sign up for a free discovery call here. BURNING BUILDINGS...and FEAR."I'm not afraid of running into a 4 alarm fire building but I'm absolutely petrified of investing and expanding my business". This was my client, Jack's (a firefighter) fear when he came to Zensei for investment and legal planning. Jack's fear stemmed from lack of knowledge of the process. "I just feel like I don't know the steps". But, it's not just knowledge. It's also not enough courage BASED on lack of knowledge. Planning an exit is an absolute act of courage. A daily act of courage based on the belief you will sell and someone will buy your company.
While you can't see the effects today, the belief is that it absolutely WILL pay off in the future. All of these are explicit acts of courage based on your overall beliefs. Business owners plan to scale instead of plan to exit because it's comfortable to maintain the status quo. It's comfortable to scale (instead of exit) because owners haven't envisioned a future path that they "have control or power" over. Back to Jack. We worked through his fear by identifying the same calmness he uses to enter the burning building and transferring that same feeling, to his business future. The experience had made him sure-footed. Quote to ponder: Calmness is a fantastic transformer - If you want to intensify an emotion, it’s easier to do that from a base of calmness. If you try to go from an intense emotion to calmness, it's black belt level of toughness.
Calmness is an empty canvas on which you can paint any psychological experience you want to feel.
Almost every situation benefits from calmness. And in the rare scenarios that benefit from not being calm, it’s easier to turn calmness into that desired emotional state than the other way around.
-George Mack
Action Steps for this week:
3. Now, take a breath and think of the CONFIDENT, assured you and how that version of you would handle each of these fearful situations? Tap into the same calmness that you already have, to transmute the fear. I assure you, you have all the power to do this. To your "calm", Sankeetha Exit Term to know: MERGERWhen two companies perform a Merger, then both companies become ONE company under ONE management. Different from an Acquisition because both companies are on equal footing to create a bigger entity. Think of it like 1+1 = 3. Ex: Sony/Columbia Whenever you’re aligned, here are 3 ways I can help you: 1. Our Zensei 4 week Group Accelerator beginning 3. At half the cost of an individual Exit Plan, this allows you and I to co-create a 2 year Exit Plan for 2024 and beyond. Taking a cohort maximum of 6. Every Exiter has a private, 2 hour Exit meeting with me at end of Program and a complimentary 30 day followup. Sign up for a free discovery call here to learn more. 2. If you’re still looking to get short term Strategic Advice, I’d recommend starting with a Strategy 90 Session: The Strategy 90 System: Get crystal clear on your Company goals and actions for the next 90 days in the Strategy 90 System. This comprehensive session includes tasks for 12 weeks that I use to get my clients aligned in 90 days in only 60-90 minutes a week. Option for accountability every month and continue every Quarter. Join your first session here. *Your session fee will be credited to the Group program (see below) if you attend 3. Do you want to scale your company faster by planning your exit? Apply for private, full exit planning for 2-4 years here. (c) 2023 Zensei LLC. All rights reserved. |
For business owners (and sellers) to learn Exit Planning tips to successfully sell your company