A Game-Changer: Put A Psychologist on Your Board

Selling a business is more than just a financial transaction; it’s an emotional journey. For small business owners, having a psychiatrist or psychologist on your advisory board can be a game-changer.

They help business owners like me navigate the emotional rollercoaster of selling a company. I didn’t have one when I was selling my company, but in hindsight, I should have engaged one.

I call them emotional intelligence people because they work strictly with emotions.  If I had one at the time, it could have made the process smoother and more manageable with my employees.  They were going through changes as well, but I was focused on the sale.

Mindfulness and relaxation techniques are essential tools that help you. They help you stay grounded and reduce stress, especially during high-pressure moments.  It helps to maintain your focus and calm, even when the pressure is on.

Structured time management is another key strategy. It ensures you have time for self-care and prevents burnout.

Together, we can create a schedule that balances work and personal time, allowing you to maintain the energy needed to handle the demands of the sales process.

You can work on recognizing those negative thoughts (like this sale isn’t going to go through) and turning them into positive, actionable insights (like “we are much further in the process than I expected”).

With the right support, selling your business can be a rewarding experience. Having an emotionally intelligent person, such as a psychiatrist or psychologist, on your advisory board ensures you’re not just financially prepared, but emotionally ready too.

Remember, you’re not alone in this journey. You should have support every step of the way.

Consider adding a mental health professional to your advisory board today. Because your well-being is just as important as your business’s success.  Read another blog on this topic at https://sandiwebster.com/emotional-intelligence-consultant-advisory-board/