You sold your contracting business and stayed on for an earn-out, flip, or other reason. Eventually, you will walk away. Here’s what you can expect.
1. You Have Zero Influence
If your company is located in a small community and you are networked into the community, you are probably associated with your company. After you sell and walk away, you likely have very little influence over the new owners. After all, it is now their company, and they are going to operate it the way they want. That doesn’t make it wrong. It’s just different.
2. Disgruntled Employees Will Call You
Not everyone will be happy with the changes the new owners make. Some will feel they are mistreated. Some will likely be terminated. You will get phone calls from people who are hurting and want to vent. Listen. Empathize. But, remind them that it’s no longer your company.
3. Customer Service Issues Are Your Fault
Especially in smaller communities, your old customers, friends, neighbors, and acquaintances will blame any customer service issues on you, even if they result from changes or policies of
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