How Do I Avoid…?
Patty Block
Helping Women Experts Leap into Your Third Act | Building BlockbustHER Businesses | Discover your Exit Readiness Index?: she-exits.com | What Is Next For Your Business?
I hate scary movies but love scary books. Why do I avoid one and not the other? I think it comes down to control.
In my mind, I can control the pace and the horrors I can imagine when reading a book. I don’t feel that control with a movie, when it feels like the images, sounds, and feelings are coming at me too fast.
We all want to be well-prepared and safe – in control. We want to avoid uncertainty and things that feel scary…
After writing almost 100 original long-form articles, I noticed some patterns in the questions women business owners are asking me. Many are based in fear.
I am posing real questions from real women and highlighting the articles that address that question. I’m calling these queries ‘BlockbustHER BrainteasHERs’…
Today’s BlockbustHER BrainteasHER:
This question is from Jody, owner of an accounting firm: “How do I avoid having a nightmarish exit like I’ve heard about?”
A reminder: You too can ask me a business question and have it answered in these articles. I pose real questions from real women and highlight the articles that address that question.
Please submit questions to [email protected]. Let me know if you prefer I not use your name in the article.
Here’s the Twist . . .
It’s a question based in fear: “How do I avoid having a nightmarish exit like I’ve heard about?”
Fear can be a healthy – and wise. But it’s generally gotten a bad rap, largely due to those scary movies!
Exiting your business is complex and emotional – there’s no denying that. Here are some things to look out for:
Now What?
I’ve built my business as an advocate, and I specialize in helping women founders transition to their Third Act – when you’re ready to do the work you’ve always longed to do.
Work that lights you up… work that is your purpose instead of just a paycheck. ?
Often, to get to your Third Act, you need to exit from your second act, preferably with funds from a sale that turns your business into a wealth-building tool.
Have you built a profitable and valuable business but instead of feeling like there's something missing, you’re feeling like there's something more?
If you’ve built an accounting firm, a law firm, a financial services firm, a psychology practice, or a specialty consulting firm that is generating $1 million to $10 million in annual revenue, you are in a prime market.
Larger firms and companies are growing by buying other firms. This has long been the case, but we’re seeing a higher rate than ever.
I wish it wasn’t the case, but I see too many women who actually lose their company instead of exiting on their own terms. The exit process is filled with pitfalls and complex issues – especially for women.
Your advocate, by definition, is looking out for your best interests. They are not taking a brokerage fee, commission, or equity. They are not motivated by how quickly the exit moves or the final dollar amounts. They want what you want – and will help you get it.
In my experience, women don't retire; they transition into a new stage of purpose and impact. Whether you are 40 or 60, the idea of retirement may not appeal to you. Just because you can retire doesn’t mean you’ll want to.
We can redefine ‘retirement’ and think of your eventual business exit as a ‘purposeful transition’.
Are you ready to leap into your Third Act and grab the whole cookie?
That requires a new way of thinking, new skills, a simple and elegant design, and an advocate by your side. Contact me to learn more.?
How exit-ready are you? Find out at:?https://she-exits.com/
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