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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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