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Overview Transcript Case Study Video
Lorraine plans to travel the blue highways now that she has sold her business.
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Lorraine Miller is off traveling the blue highways of the country now that she has sold Cactus and Tropicals.
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Enjoy Life After The Sale

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WATCH TELEVISION THAT TEACHES
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Key Ideas of this episode
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1. Sell- Don't Walk Away
2. Sell If You'd Rather Golf
3. Sell if it's just a lot of work
4. Tell People You're Selling
5. Put Family First
6. Sell At The Top
7. Find Experts
8. Create A Transferable Asset
9. Enjoy Life After The Sale
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Each started with just an idea, brought it from mind to market, and nurtured every possible value component of that concept to such a level it became somewhat self-sustaining, and then they sold it.

Topic for Discussion: What did they "really-really" sell? A second question, although seemingly rhetorical question, it needs to be asked: "Did the integrity of that sale release them to engage their 'many-possible futures' more openly and easily?"

Answer: Of course. And going back, each has their own version of the answer to the question, "What did you sell?" Each had an economic answer: "They sold their EBITDA." A philosophical answer: "They sold the future." Or a legal answer, "They sold a promise." In each instance, they were transferring real values, both tangible and intangible, that accrued over more than ten years of tenacious work. And because each had a deep sense of integrity -- their financials were squeaky clean -- they truly knew the value was real.

Lorraine, Jim and Peter open one of the most important discussions we can have as a small business community. Here you find three very different perspectives on the future and what they plan -- to be, to do, and to have -- now that they have fully completed one business cycle within their life. Once this kind of sale-deal-agreement is consummated, the seller is truly liberated to engage the rest of his or her life -- all the myriad opportunities -- without having to look over one's shoulder nervously or wistfully.

Bottomline: Time is illusive and we are all always too busy working on today's problems to take time to project for the future. Simple. We've got to change. As a business, Small Business School is beginning to do it and we invite you to join us in this struggle. What are we waiting for?

Certainly not Godot.* You've never waited for anybody or anything. You've always followed your heart. And, you know what is right.

You have had 1000 other ideas, or so it seems; however, if you are feeling locked into the business that you started because it is your bread and butter, then it may be time for a change. Take an evolutionary step up into a new cycle of business. Lorraine, Jim and Peter have all become business advisors, true volunteers, and gracious givers to the causes they love.

Though Peter says, "It's recess" and it is true they are not working around the clock like they once did, those with a 9-to-5 orientation to work, might be exhausted to follow these folks around just for one day of their 'day of play.' Once a value creator always a value creator. These folks have discovered the meaning and value of life.

You think about it: If and when you sell your business, what new ways can you begin to create value?

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