When is the right time to transition from an employee to a business owner? And more importantly, when is it the right time to sell?
It's going to be different for everyone, and my guest, Dr Misty McNeill from Prairie Path Foot & Ankle Clinic in Elmhurst, Illinois, shares her unique story of transitioning through these three stages and what she learnt along the way.
In this episode, we discuss:
- Her big WHY.
- With business ownership, there are tradeoffs.
- The enormous long-term benefits of spending less than you make.
- Debt creates pressure, and pressure can make you do things that don't align with your values. Do not become a slave to debt.
- Creating a flexible work environment.
- Attracting podiatrists looking for the same lifestyle.
- WHY did she sell and choose to become an employee again?
"I became an owner so I could have time for myself, but now I want not to be the owner so I can have time for myself."
Final Tip:
Live within your means, and be clear about what serves you. If it's not a definite YES, then it's a NO.
If you have any questions about this episode, one-on-one business coaching, please email me at and we can arrange a quick ZOOM call to see if we're a good fit.
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