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The Founder's Exit Paradox: Emotions Unveiled
Manage episode 381291110 series 2848647
Content provided by Jerome Myers - Exit Paradox Advisor and Jerome Myers - Advisor to exiting founders. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jerome Myers - Exit Paradox Advisor and Jerome Myers - Advisor to exiting founders or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Exiting a business can be one of the most emotionally complex times in an entrepreneur's life. After years of blood, sweat, and tears building your baby, you finally get the big payout and sell your company. This should be an amazing accomplishment! But instead of feeling like you won the lottery, you're left feeling empty, worthless, and wondering "what's next?"
This is what hosts Matt Halloran and Jerome Myers call the "founder's exit paradox." In this raw and honest 3-part miniseries, they dive deep into the unexpected emotional turmoil founders experience after exiting their businesses..
[00:00 - 06:30] - Introduction to the Founder's Exit Paradox
- Matt introduces the 3-part miniseries with Jerome on the founder's exit paradox
- Exploring the emotional complexities founders face after exiting
- The lack of resources for the non-financial aspects
[06:31 - 12:00] - The Void Created After Exiting
- Founders feel lost, worthless and empty after exiting
- Total loss of identity, purpose, structure, relationships
- Difficulty figuring out what to do next
[12:01 - 21:30] - The Emotional Transition
- Time in the business correlates to strength of emotions when exiting
- Planning prevents collateral damage to relationships
- Fostering vulnerability and openness is key
- Finding a new passion to pour energy into
[21:31 - 33:00] - You Don't Have to Do This Alone
- Support exists to help founders through the emotional transition
- Knowing your "why" and people who matter
- Discovering your next purpose and mountain
- Making the world better by taking the next step
[33:01 - 47:42] - Closing Thoughts
- The founder's exit paradox is deeply emotional
- Planning for the non-financial aspects is vital
- You can get support for this major life transition
- Take the passion and dedication into making the world better
Key Quote:
"The founder's exit paradox is the decoupling from the enterprise that was built by a founder, and the roots of that deepen with age." - Jerome Myers
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Connect with Matt Halloran!
Linkedin: https://www.linkedin.com/in/matthalloranpm/
Links Mentioned:
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