Congratulations! You’ve just sold your business, completing an exhausting period spanning many months. The process was made easier thanks to the support of an experienced healthcare M+A advisor, but you’re still relieved it’s over.
Yet, a question lingers in your mind: What do you do now?
This is a common experience for many sellers. After all, during the sales process, owners are often fixated on the day-to-day operations of their business or practice, negotiations with the buyer, valuation, and completing the sale. Little time was spent thinking about issues like:
Cleanup/follow-up issues that must be addressed.
The role, if any, you’ll have in the future success of your former business/practice.
How you can limit your future liabilities.
How you can help retain customers/patients and employees.
What becomes of your life post-closing.
Your post-sale experience does not need to be filled with such uncertainties. Let’s look at what you can do, with the continued help of your M+A advisor, to make the transition from business owner to non-owner as simple and comfortable as possible.