Next Life Podcast
For more inspiring episodes, visit NextLifePodcast.com In this episode of the Next Life Podcast, Gary Warick welcomes Paul Deshon, a successful entrepreneur who transitioned from being a machinist to building and selling a majority stake in his environmental business, Excel, to a private equity firm. The discussion covers the challenges and rewards of entrepreneurship, the importance of delegating control for growth, and the complex journey of selling a business. Paul shares invaluable insights on family support, the emotional and financial aspects of business exits, and the exciting yet uncertain next steps after selling a business. Tune in for essential advice on navigating business transitions and planning for the future. Subscribe to our channel, like this video, and hit the bell icon for notifications on our latest episodes! 00:00 Introduction and Initial Advice for Business Owners 00:38 Welcome to the Next Life Podcast 01:03 Guest Introduction: Paul Deshon's Journey 02:21 Paul's Early Entrepreneurial Ventures 04:49 Challenges and Realizations in Business 08:11 The Evolution of Excel Environmental 14:58 Thoughts on Selling the Business 23:14 The Impact of COVID-19 on the Sale Process 28:37 The Complexity of Selling a Business 37:47 Reflecting on the Journey 38:42 Navigating Legal Challenges 39:51 The Reality of Long-Term Planning 41:52 Entrepreneurial Mindset 45:04 Choosing the Right Buyer 48:40 Understanding Deal Structures 54:07 Post-Sale Reflections 01:06:46 Advice for Future Entrepreneurs 01:08:06 Looking Ahead to Chapter Two 01:12:54 Final Thoughts and Takeaways
6 episodios
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