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Bill Gallagher on why successful business owners who exit often spiral into risky behavior. Without a hard project or leadership role, they turn to fast cars, younger partners, and drinking to fill the void left by ambition.
Bill Gallagher on why successful business owners who exit often spiral into risky behavior. Without a hard project or leadership role, they turn to fast cars, younger partners, and drinking to fill the void left by ambition.
A ten or a dozen high achieving small business veterans that are in a place in their life where they, they recognize that they're in a place of an abundance and they want to share some of that. And some of them might have been living in scarcity more before, but then when you get to a certain phase or you have a business exit, then it's like, okay, now what's my purpose? You know, my purpose was to build that business, to be a $10 million business and then I sold it and then now who do I lead? It's a little bit of a idle hands of the devil's playground, right? Like if I don't really have any purpose, can I really occupy myself with golf? Or am I going to find a much younger girlfriend or a Corvette or a motorcycle that's too fast or a drinking habit? And so it's kind of recognizing the fallacies of humans in humanity and when we don't have something hard to work on, we get ourselves in trouble.
