Clinical psychologist Dr. Sherry Walling discusses why founders should avoid making permanent decisions like selling a business while experiencing burnout.
“Burnout literally makes our brains less flexible and less fluid. It's not the best state of mind in which to make a really significant decision.”
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More from Dr. Sherry Walling
Insight
Founders often experience a mental implosion during and after an exit
“Even when an exit is going smoothly, the untold story is that many founders experience a significant mental implosion during and after the process.”
Dr. Sherry WallingDec 10, 2024▶ 13:30Episode 743 | How to Sell Your Business Without Regret
Insight
Startups are almost certainly more valuable when detached from their founders
“The business may be more valuable. It almost certainly will be more valuable if it isn't tied to you.”
Dr. Sherry WallingDec 10, 2024▶ 30:17Episode 743 | How to Sell Your Business Without Regret
Insight
Separating founder identity from the business early on drives exit success
“This de-identification between your selfhood And the business that you're running. And if you can strike that balance well early in your business, I think you are just set up for success in a lot of ways, not just in your exit, but in your mental wellbeing and…”
Dr. Sherry WallingNov 19, 2024▶ 7:54Episode 740 | My New Book! The Entrepreneur's Guide to Selling Yo...
Insight
Exiting due to burnout is often the wrong choice, says Sherry Walling
“So we talk about some of the internal cues like existential restlessness or energy levels, some even burnout. And when maybe those things lead you to want to sell cause you want out, but they're not always the best for you in the long run or the best for the b…”
Dr. Sherry WallingNov 19, 2024▶ 13:29Episode 740 | My New Book! The Entrepreneur's Guide to Selling Yo...
Insight
Acquisitions strip founders of their ability to use anxiety as fuel
“It really is a challenge to construct some internal buffers around your own anxiety, especially for entrepreneurs who have often used their anxiety or their agitation as fuel to get things done. But in this process, you can only get done what is on your to-do …”
Dr. Sherry WallingNov 19, 2024▶ 18:47Episode 740 | My New Book! The Entrepreneur's Guide to Selling Yo...
Insight
Retiring on a beach after an exit fails for most founders
“I'm just going to go retire on a beach in Mexico, which is also like not true for the vast majority of entrepreneurs. It's not an accurate read of themselves. So it's about like needing too much to be an entrepreneur in the prove I can do it again sense, or no…”
Dr. Sherry WallingNov 19, 2024▶ 25:56Episode 740 | My New Book! The Entrepreneur's Guide to Selling Yo...
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