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 Owners00:38 Welcome to the Next Life Podcast01:03 Guest Introduction: Paul Deshon's Journey02:21 Paul's Early Entrepreneurial Ventures04:49 Challenges and Realizations in Business08:11 The Evolution of Excel Environmental14:58 Thoughts on Selling the Business23:14 The Impact of COVID-19 on the Sale Process28:37 The Complexity of Selling a Business37:47 Reflecting on the Journey38:42 Navigating Legal Challenges39:51 The Reality of Long-Term Planning41:52 Entrepreneurial Mindset45:04 Choosing the Right Buyer48:40 Understanding Deal Structures54:07 Post-Sale Reflections01:06:46 Advice for Future Entrepreneurs01:08:06 Looking Ahead to Chapter Two01:12:54 Final Thoughts and Takeaways

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