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114. Emotional Challenges of Transitioning Your Shop
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Most shop owners spend years building their business—but when it’s time to exit, many are caught off guard by the emotional toll of letting go. In fact, 75% of owners regret their decision within a year, often due to a loss of identity and a lack of purpose after the exit.
In this episode, Matt Di Francesco explores the emotional challenges of transitioning out of your shop. He shares real stories of owners who struggled with their identity after exiting, and how tools like personal vision statements, family conversations, and peer support networks can ease the process.
Matt also talks about:
(01:55) Why 75% of business owners regret selling within a year
(03:33) Why your post-shop life should be the starting point of any exit plan
(04:24) How a personal vision statement helped one owner rethink his exit
(05:35) Why family involvement can shift the future of your business
(07:14) How financial planning helped one owner balance fairness and legacy
(08:16) Why emotional support is the most overlooked part of succession planning
Connect With Matt DiFrancesco:
(814)201-5855
LinkedIn: Matt DiFrancesco
LinkedIn: High Lift Financial
Facebook: High Lift Financial
Instagram: @high_lift_financial
YouTube: @highliftfinancial
Disclaimer:
All information is obtained from sources deemed reliable, but not guaranteed. No tax or legal advice is given nor intended. Content provided herein or on our website should not be construed as an offer for investment advice or for securities, insurance, or other investment products. Investments involve the risk of loss and are not guaranteed. Consult a qualified legal, tax, accounting, or financial professional before implementing any investments or strategy discussed here.
High Lift Financial is a DBA for DiFrancesco Financial Concierge, LLC. Investment advisory services are provided through Cornerstone Planning Group, LLC, an independent advisory firm registered with the Securities and Exchange Commission.
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