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Part 2 - Should I Sell My Business?
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Have you ever wondered what it takes to sell a seven-figure business? Join us, Raya and Trae, as we pull back the curtain on our own journey, revealing the challenges and complexities we encountered. From an unexpected landlord dispute that threatened to upend our operation to the emotional rollercoaster of transitioning ownership, we lay it all bare. We share the critical lessons we learned, especially the importance of having the right clauses in contracts and choosing a buyer who values your team as much as you do.
This journey wasn't just about the legal battles and business negotiations. It was a deeply personal experience that reshaped our identities and pushed us to our emotional limits. We explore the mental and emotional impacts of selling a business, from anxiety and stress to relief and newfound freedom. On the other side of the ordeal, we found the time and energy to grow our online venture and this podcast. We also discuss how we faced the realities of investing in an app, and the security of having a financial buffer.
Our story isn't just one of struggle but also of resilience and determination. We closed this chapter of our lives with a single, transparent meeting where we announced the sale to our team. We believe in fostering an environment where everyone can express their feelings and understand the new dynamics. As entrepreneurs, it's important to always keep your big vision alive. Our experiences, insights, and practical advice will empower those contemplating a similar path. Buckle up for a raw, insightful, and enriching conversation.
Please Like, Share and Download. Any topic request please email Trae@Bossesinbeauty.com
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https://www.youtube.com/channel/UCUVWujEycUGmAiACzsZCVXQ
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@Bosses_In_Beauty
@Traecunningham1
Chapters
1. Part 2 - Should I Sell My Business? (00:00:00)
2. Challenges in Selling a Business (00:00:02)
3. Selling a Business (00:14:03)
4. Selling a Business and Transitioning Ownership (00:17:40)
5. Selling in One Step (00:27:32)
14 episodes
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