You reinvested every good year and survived every hard year. The exit conversation gets pushed. 70% of small business successions fail. This is that trap.
Peter, I really enjoyed this article. Wonderfully written. When we start ignoring the fact that we don’t have unlimited time to grow and enjoy the fruits of our hard work, we can get sucked into the very traps you mention.
I appreciate the kind words, John. Time is such a precious commodity, but, as you said, one that often doesn’t get recognized until we realize we are almost out of it.
The ‘no next chapter’ trap is real. When the current identity has expired but the next one is still unclear, people often mistake uncertainty for failure..
Correct. And if you never create a “what’s next” dream for yourself, something beyond living inside the business you built, you’ll next create a chapter to step into.
Peter, I really enjoyed this article. Wonderfully written. When we start ignoring the fact that we don’t have unlimited time to grow and enjoy the fruits of our hard work, we can get sucked into the very traps you mention.
I appreciate the kind words, John. Time is such a precious commodity, but, as you said, one that often doesn’t get recognized until we realize we are almost out of it.
The ‘no next chapter’ trap is real. When the current identity has expired but the next one is still unclear, people often mistake uncertainty for failure..
Correct. And if you never create a “what’s next” dream for yourself, something beyond living inside the business you built, you’ll next create a chapter to step into.