Selling Your Business Without Losing Yourself with Michael Schodrof

Thinking about selling your business? Most business owners spend years planning what it takes to get there. Almost none of them plan for what happens after they cross the finish line..The money hits your account, the deal is done, and then... the real fear starts. In this episode of Fearful Giants, Clay Stelzer sits down with Michael Schodrof, CEPA, CFA, a private wealth advisor and exit planning specialist at Alex Brown, Raymond James, to talk about what business owners really need to know before and after a business exit.75% of business owners who sell are disappointed with the outcome, and it has nothing to do with the sale price. It has everything to do with identity, preparation, and the personal questions that never get asked before the deal closes. Michael has spent 25 years in financial services working with ultra-affluent individuals and business owners navigating major liquidity events and wealth planning after a sale.In this episode you'll hear about:- The reasons most business owners aren't emotionally or financially ready to exit- The two tracks every business owner needs to be working on before they exit- What exit planning actually involves beyond valuing your business- What happens to your identity, your family, and your wealth after the transaction closes- The one conversation about family wealth few have before the deal is done- How to find and work with a wealth advisor who understands the full picture of an exitConnect with Michael Schodrof:- LinkedIn: https://www.linkedin.com/in/michaelschodrof/- Email: [email protected] with Clay Stelzer:- Website: https://15sixty.com/- LinkedIn: linkedin.com/in/claystelzerResources Mentioned:- Exit Planning Institute- BOSS Events: Business Owner Strategy Summit🎵 Music License: CMUVN6N0WHFMBOOL