Exit is Now: Plan Accordingly An Owner's Exit Story with Mike Berlin
Nov 7, 2024
Join Mike Berlin, an exited business owner and Certified Exit Planning Advisor, as he shares his riveting journey from starting Bright Skies in a tiny office to navigating health crises and pivotal exit decisions. He discusses the impact of his Crohn's disease on leadership and team dynamics. Highlights include missed sale opportunities, the emotional challenges of transitioning ownership, and valuable lessons on exit planning. Mike also offers insights on mentorship for aspiring entrepreneurs and stresses the importance of readiness in exit timing.
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People Drove Sustainable Growth
- Mike attributes Bright Skies' growth primarily to its people and culture rather than products.
- Strong teammates and client relationships stabilized the company through scaling phases.
Health Crisis Forced An Unplanned Leave
- In 2011 Mike suffered severe Crohn's complications, spent 30 days in Cleveland Clinic, and had major surgery with an ostomy.
- He was a ghost to the business for four to five months while recovering.
Plan For The Return, Not Just The Exit
- Returning after months away created tension because Bill had been running the company and employees adjusted to his leadership.
- Mike realized re-entry needs planning because the company evolved while he was gone.
