Rich Couples

As entrepreneurs, many of us dream of one day trading all of our hard work for a big fat paycheck from an acquiring company.

It’s the stuff headlines are made of or the cover of a magazine showcasing me as a newly minted millionaire beaming with delight at my newfound wealth.

Selling your company sounds like holding the winning lottery ticket to heaven, but dealing with your company after you’ve sold it can feel more like a trip through hell.

Most entrepreneurs don’t really understand what being acquired means. They understand the big payout and the rewards, but they don’t understand the true cost of acquisition that occurs after the deal is done.

The truth is that selling your company is a lot like selling your child. This is something you’ve created, nurtured since inception and watched grow up into something beautiful. Now someone has come along and taken it from you, and they’re not giving it back.

The hardest thing about selling your company is realizing that it’s not yours. The big decisions ultimately are made by someone else.

The inspirational story of what you could someday become or grow into has been sold. Now you just need to sit back and let it go.

The longer you hold onto the notion that nothing has changed, the longer you’re going to be making your life more difficult. Things have changed, and they are never changing back. The faster you deal with that fact, the easier the rest of the journey will become.

Don’t kid yourself into thinking the buying company really wants you to stay, either.

Of course they said they wanted you to stay and how important you were to the transaction, even making your participation a requirement for the deal to move forward.

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source Business First of Louisville

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