Monthly Archives: December 2024

Purpose – Life After the Sale Part 3

Posted on December 27, 2024 by John F. Dini

The third component of life after the sale is Purpose – “Having as one’s intention or objective.” Many exit planning advisors discuss the three legs of the exit planning stool – business readiness, financial readiness, and personal readiness. In our … Continue reading →

Posted in Exit Options, Exit Planning, Exit Strategies, Life After | Tagged , , , , , , , , , , , , | 3 Comments

3 Responses to Purpose – Life After the Sale Part 3

  1. Jim Marshall says:
    December 27, 2024 at 2:57 pm

    This column is right on. I found many of those for whom I served as a consultant were the happiest after the sale if they had a hobby / purpose. For one it was building and flying personal aircraft, for others caring for a disabled spouse or other family member, or serving as spokesperson (officially or non officially) for an organization for which they had/have a passion were the happiest with having left their business.. And the route to that success started with plannning for no longer being “boss”. or known ownly by their connection to their business. As parrt of their exit strategy they passed on responsibilities to others and used that freed up time to start / continue their non business passion.
    One of my former clients started his association with me in 2006 with a goal of retiring in three years. He slowly passed clients and responsibilities and eventually sale of his company to his partner. He still (in 1924) performs those activities he likes with the clients he likes, when he likes. But travels, coordinates groups of friends E.g. into book clubs ,spends time with family and maintains his “mini farm,” acrerage” .He has no “need to do this” or “be there” at a specific time” etc. In his mind he is retired…and I think on the basis of my observation duiring our continued friendship .. his “third year” will be marked by his funeral. Not everyone can do what he has, but if desired, can do a variation.

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  2. Suzann Woodward says:
    December 27, 2024 at 3:48 pm

    Thanks John, this is very meaningful.
    I have sold my business and am in the process of transitioning to new owners now. I will work through 2025 and then just be available for consulting and questions on clients. So far all is going smoothly, hope that continues!

    Reply
  3. Stephen Oliver says:
    April 20, 2026 at 2:01 pm

    What is one’s purpose? The second most important question after deciding who to believe in for everlasting life.

    The first question impacts the second. One is not ready to exit until both are truly understood and committed to.

    I tackle both of these questions as part of my business and ministry with clients, family and friends. Hope others would join me in the ASK OLY way. 🕊️

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Technology Costs and Quality of Earnings

Posted on December 18, 2024 by John F. Dini

Are you avoiding technology costs? A few months ago, a subscriber to our planning tools called with a tech support question. “Your software doesn’t work,” he said. After some investigation, we identified the problem. He was using a version of … Continue reading →

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