#116: Life After a 9-Figure Exit
The Founder Podcast
Chris Lee
5 • 1.4K Ratings
🗓️ 20 July 2024
⏱️ 32 minutes
🧾️ Download transcript
Summary
https://nextlevelhomepros.com/june25thworkshop
Welcome to a new episode of The Founder Podcast! In this episode, Chris and Levi discuss the journey from running a successful business to navigating the complexities of a nine-figure exit. They share personal stories and lessons learned during this major life transition. The conversation touches on the emotional and practical aspects of stepping away from a daily operational role, dealing with sudden wealth, and finding new purpose and motivation.
Highlights:
"What would you do if one day you sold your business for millions of dollars and the next day you woke up with that kind of money in your bank account?"
"It felt like it was always six months out... there's just so many things that you just can't account for."
"I went from working 60 hours a week to zero, essentially zero."
"Ultimately, that's where The Founder Podcast was born because I'm like, Dude, I need something that gets me excited and gets me out of bed."
Timestamps:
00:00 - Selling a Business and Waking Up with Millions
02:36 - Believing in the Vision from the Beginning
04:13 - Balancing Risk and Reward in the Exit Decision
06:25 - The Long Process of Preparing for a Transaction
09:58 - The Emotional Toll of Leaving a Business Behind
13:28 - Leveraging the Podcast to Connect with Other Entrepreneurs
16:29 - Designing a Program to Help Business Owners Grow
20:24 - Seeing the Impact of the Coaching Program
26:12 - Offering Different Levels of Engagement and Support
30:02 - The Power of Community and Networking in the Program
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https://nextlevelhomepros.com/grow-home-service-vsl
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Transcript
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| 0:00.0 | May the 4th, 2022, we do a transaction, get a bunch of money deposit my bank account and I wake up and I'm just like, wow, it's like any other day. |
| 0:09.0 | Like, you know, you'd think that the heavens would open, light would shine down on you, |
| 0:15.6 | but the only difference is I got a few more zeros in my bank account. |
| 0:19.2 | I went from working 60 hours a week to zero, essentially zero. |
| 0:23.9 | So I'm just like, dude, this sucks. |
| 0:26.1 | You know, ultimately, that's where like the founder podcast was born |
| 0:29.9 | because I'm like, dude, I need something. |
| 0:32.1 | What would you do if one day you sold your business for millions of |
| 0:36.0 | dollars and the next day you woke up with that kind of money in your bank account? |
| 0:40.0 | This is literally what we're going to be talking about today as we talk about what it's been like to |
| 0:46.7 | transition from running a business every single day to post nine figure exit and how motivations change and all that different stuff. |
| 0:54.4 | It's the thing that we've all dreamt about, all fantasized about, and I've been through, |
| 1:00.0 | and so we're going to talk a little bit of day about what it's like post exit all this and more on today's episode of the founder podcast |
| 1:07.8 | Yo Levi what up is up gang oh, excited to be talking about this subject with my guy. |
| 1:16.6 | Oh, it's a good. We've seen a lot together, man. |
| 1:18.9 | We have. |
| 1:19.9 | So, you know, it's interesting. I get this question probably at least a couple times a day and sometimes upwards of 10 times a day of like, |
| 1:30.0 | Chris, what are you doing now, right? Because I think most people ask the question, |
| 1:35.8 | expecting that I'm like, well, I'm just like hanging out on beaches, |
| 1:40.4 | you know, doing the things that, you know doing the things that you know I always fantasized about doing well I was |
| 1:47.8 | working and I think they're often surprised by the answer. |
| 1:53.7 | Yeah. |
... |
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