Episode 8
Replying to a commenter Decker Here s one that snuck up…
Transcript
Very similar to my situation. And as a fellow entrepreneur, I want to tell you about something that I ran into. Totally unexpected, like maybe two or three months in after I sold the business, you know, I had all of this anxiousness about everything, but there was this one part of the anxiousness. I just could not put my finger on. And then I saw this post by this dude, his name's, uh, Alex Hermosy. And he's here on, on the platform. I'll, I'll, uh, tag him. But, uh, he said one of the things that he wasn't prepared for when he sold his first business was the cessation of revenue. And, um, you know, people who just retire without selling a business experiences too, because they no longer have that paycheck coming in every two weeks or, or whatever. You know, now they're, you know, they're receiving the social security check or maybe dividends or, you know, however, you know, they're retiring, but not having that business revenue each month. So that's, that's kind of what really struck me. A lot of times when I hear people, uh, that are, that are hitting that balance sheet is such a weird thing. I never thought that it would like affect me like it did, but later I realized it's that when, you know, when you've got that money hitting the, uh, hitting the PNL every month, uh, revenue for the business, you feel like you feel like it's kind of like a backstop against any mistake you might make you like, well, you know, we're gonna try this idea and if it doesn't net out, that's okay. We have revenue. We'll recover it. We'll come back. We'll come back. We'll come back. We'll come back. we'll pick ourselves up, we'll move on. But once you sell the business, there's no more revenue. And for a lot of people, when they retire, there's no more paycheck. But specifically for you and I, being two guys who sold their business, just kind of brace yourself for that sort of like undefinable feeling of agita around no longer having that revenue coming into the business every month. And I would just be kind of like processing that now. But if I could find that specific video he posted, I would, but he's got a lot of videos. But he's still a pretty interesting dude to follow. Like I said, I'll tag him.