This Business News Story Was Uncovered By Us From: https://blog.eonetwork.org/2022/01/selling-your-company-4-issues-at-the-intersection-of-parenting-and-entrepreneuring/
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Contributed by Scott Bushkie, EO Wisconsin, who is founder and CEO of Cornerstone Business Services. With more than 20 years in the M&A industry, Scott is a recognized leader in the field, providing exit strategies, sell- and buy-side transitions, along with valuation services in the lower middle market.
As an entrepreneur who has built a successful business from the ground up, you’ve likely poured years of your life into growing and scaling it—at great personal sacrifice. You’ve lost countless nights of sleep, forfeited vacations and lived lean during cash flow challenges.
So when it comes time to think about selling your business, it’s natural to feel a bit conflicted.
On the one hand, this is why you worked so hard: To exit and enjoy the fruits of your labor.
On the other hand, many business owners say that selling their business feels like giving a child up for adoption.
As it turns out, that’s not just a metaphor. Research shows entrepreneurs really do think of their business as a child.
There’s a strong parallel between entrepreneurial love and parental love. Researchers found similar brain activity between founders thinking about their businesses and parents thinking about their kids. In either case, similar areas of the brain lit up, including areas associated with parenting, pleasant sensations, emotional processing and reward.
Researchers say the phenomenon provides a deeper understanding of “entrepreneurial bonding.”
I say it explains why selling your business can be such an … Read More
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