Articles

Hank’s Uncertain Future

Hank was the 54 year old owner/operator of a second-generation chemical company which he had worked in for 33 years. Hank had lost passion for the business and was preparing to sell. Hank derailed the process a few times with potential buyers due to some erratic behaviors.

Problem

When we met, Hank was preoccupied with a slew of questions about what he was going to do for the rest of his life. He was irate that it wasn’t as easy as simply choosing from a list of retirement options. He asked incessantly about what other retired business owners have done with their lives.

Solution

It is not unusual for business owners who have spent their whole lives in the family business to find themselves at a profound loss when they sell. But Hank’s questions revealed a different phenomenon: When Hank stepped into the business at the age of 21, he missed out on a very formative part of his own personal development when young adults begin to discover their unique place in the world from any number of choices and options.

Results

Redefining Hank’s dilemma from this perspective gave him an immediate sense of relief and clarity. We took steps to examine his interests then and now, and channel his energy in a specific direction. We narrowed in on the meaning of his life’s work and explored the various opportunities. Hank reengaged the team and sold his business successfully and without interruption.

Download PDF Version »

Stacy Feiner

About Stacy Feiner

Dr. Stacy Feiner is an executive coach for the middle market, and author of Talent Mindset: The Business Owner’s Guide To Building Bench Strength. Stacy brings psychological strategies to business owners that help them improve their performance and advance their organizations. Stacy is a licensed psychologist, executive coach, author and national speaker » READ MORE