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As a business owner, you've turned dreams into reality, navigating challenges, and witnessing your venture grow from infancy to maturity. Yet there comes a time in every entrepreneur's life when the idea of selling your business becomes a reality. If that’s you, two important questions you should ask yourself are: 

1. "What's my level of confidence in meeting my goal for selling the business?" 

2. "Am I mentally ready to exit my business?" 

These delve into the heart of a significant transition—one that requires both strategic planning and emotional preparedness.

In this solocast, Jim Barnish brings you part 2 in his series about evaluating your readiness to sell your business and move onto the next entrepreneurial chapter in your life. 

Two key topics Jim gets into: 

  • Know Your Goal: Just like your initial plunge into entrepreneurship, embarking on the sale of your business requires a mix of optimism and preparation. It can be a tough process, especially mentally - it is recommended to have confidants that understand the process by your side to help bolster your confidence and build your exit strategy for success!
  • Say Goodbye to the Familiar: Mentally preparing to exit your business is akin to preparing for a new chapter in life. Your business has likely become more than just a means of income; it's a part of your identity. Losing this part of you challenges you in new ways. It is best to have a plan for your life post-exit.  
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ABOUT OUR GUEST

Jim Barnish has spent the last two decades growing tech companies as an entrepreneur, operator and consultant. Jim now runs Orchid Black, a growth services firm complete with growth experts just like Jim that share an incredible track record maximizing growth and enterprise value for founder-led tech companies with at least $3M ARR that are “in the black” (profitable).

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Do you have great business advice and stories to share?
We want to hear from you. Get in touch to be a guest on our show.
podcast@orchid.black

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Show Notes

As a business owner, you've turned dreams into reality, navigating challenges, and witnessing your venture grow from infancy to maturity. Yet there comes a time in every entrepreneur's life when the idea of selling your business becomes a reality. If that’s you, two important questions you should ask yourself are: 

1. "What's my level of confidence in meeting my goal for selling the business?" 

2. "Am I mentally ready to exit my business?" 

These delve into the heart of a significant transition—one that requires both strategic planning and emotional preparedness.

In this solocast, Jim Barnish brings you part 2 in his series about evaluating your readiness to sell your business and move onto the next entrepreneurial chapter in your life. 

Two key topics Jim gets into: 

  • Know Your Goal: Just like your initial plunge into entrepreneurship, embarking on the sale of your business requires a mix of optimism and preparation. It can be a tough process, especially mentally - it is recommended to have confidants that understand the process by your side to help bolster your confidence and build your exit strategy for success!
  • Say Goodbye to the Familiar: Mentally preparing to exit your business is akin to preparing for a new chapter in life. Your business has likely become more than just a means of income; it's a part of your identity. Losing this part of you challenges you in new ways. It is best to have a plan for your life post-exit.  

About The Dirt Podcast 

The Dirt is about getting real with businesses about the true state of their companies and going clear down to the dirt in solving their core needs as a business. Dive deep with your host Jim Barnish as we uncover The Dirt with some of the world's leading brands.

If you love what you are getting out of our show please subscribe.

For more information on how we dig into the dirt check out our other episodes here: https://www.orchid.black/podcast

About Our Company

Orchid Black is a new kind of growth services firm. We partner with tech-forward companies to build smarter, better, game-changing businesses. 

Website: https://www.orchid.black 

LinkedIn: https://www.linkedin.com/company/orchidblack/ 

YouTube: https://www.youtube.com/@OrchidBlack 

All contents of this show are rights of Orchid Black©️ and are not to be used unless authorized by written consent.

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