The Next Chapter

Discover the importance of planning for what’s next after you sell your family business. Cheyenne Sweeney a Compass Point Family Advisor, highlights how 75% of family business owners regret selling the business within one year of doing so. Learn how to successfully walk away from the business you spent years building, explore new opportunities, build your legacy beyond the business, and plan before you exit with Compass Point.

Transcript:

As a business owner, it’s important to know that three out of four owners regret selling their business within one year of doing so. 75%. Why is that number so incredibly high?

Hi, I’m Cheyenne Sweeney at Compass Point Consulting and our team works with family business owners to help build successful businesses, align the ownership, and create stronger families in the process. After years of growing a successful business, owners often don’t realize how closely their identity is tied to that work and the day-to-day operations of their company. When there’s no plan for what’s next, they often feel

• lost
• disconnected
• down
• depressed
• and have some low self-esteem

The next chapter of our Six Pillars of Family Business framework helps you walk away from something you’ve spent decades working on with a plan to move from success to significance. We work with business owners to

• explore new opportunities
• for a new venture
• to identify meaningful ways to give back
• to build your legacy beyond the business
• and to plan all of this before you ever even exit your business

So much of our personal value is derived from our work. Make a plan so that your family and yourself are prepared. And if you need a sounding board, feel free to reach out to us.