Featuring
Terry Cook, CFP®, CIMA®PODCAST > What Happens After You Sell Your Business?
EPISODE 19
What Happens After You Sell Your Business?
What will you miss about running your business once it belongs to someone else?
John Giacomi helped build CM Heating around taking care of its people, with four-day workweeks and a company condo in Maui. After he sold the business in 2022, he had to get used to someone else making decisions about the company he’d helped shape. He also had to figure out what he wanted to do with his time and energy. Some stretches felt lonely.
In the first episode of What’s Next?, Terry Cook talks with John about letting go and what John would tell an owner who’s still a few years away from selling.
OVERVIEW
0:46 What's Next, with Terry Cook
1:35 Meet John Giacomi
1:59 A Craigslist ad and a broken-down house in Everett
4:40 The Disney of HVAC
8:28 Culture before numbers
9:49 From $3 million to $40 million
11:10 The decision to sell
14:07 Sarah's role in the decision
16:54 160 buyers, one choice
19:36 When it stops being yours
22:11 Staying on after the sale
23:37 Identity, purpose, and the quiet after
26:59 Chasing sunshine, coming home
28:50 Make-A-Wish and giving back
32:51 Birthday cakes and a donor-advised fund
36:29 Advice for owners three years out
39:06 The best and worst part of selling
41:31 The perfect vacation, revisited
44:07 Closing
Important Disclosures: The individual featured in this video is a current client of Parcion Private Wealth, LLC (“Parcion”). He received no cash or non-cash compensation, directly or indirectly, for his participation. The views expressed are the client’s own, not Parcion’s, and reflect his experience as of the recording date. They are not necessarily representative of other clients’ experiences and are not a guarantee of future results or success. Parcion has not independently verified the client’s statements about his business or its sale. Nothing in this video is investment, tax, or legal advice, or an offer to provide advisory services. Additional information about Parcion, including services, fees, and conflicts of interest, is available in our Form ADV Part 2A at [link]. Parcion Private Wealth, LLC is a SEC-registered investment adviser. Registration does not imply a certain level of skill or training.