22 May Transitioning from Entrepreneur to Employee
The New York Times recently published an article by Bryan Borzykowski describing the challenges of a seller staying on with the business for a period of time following the sale.
“While the transition from entrepreneur to employee will always be tricky, owners who have had the experience say it is important to negotiate well — and be prepared for the worst.”
Business intermediaries are in a unique position to help owners negotiate well and be prepared for the challenges unique to transitioning from captain to crew member. We think you will find the New York Times article interesting and the real-life examples of how sellers dealt with this transition helpful.