Chad Silverstein recounts a difficult episode when he sold his company: he prepared with co-leader Chet, informed his team, and faced unhappiness and strained relationships among staff. He says the decision was clear for him, that he communicated reasons and answered questions, and recommends being prepared—offering to share his checklist and to support others going through similar transitions.
Chapters
So this is a little bit of a painful day for me to read. And I experienced this situation at my company with my team, when I told my team and I had a practice with Chet and the leadership team, and we spoke about it, and it was very difficult. It was very hard. And my team was not happy that I was selling the company. It was not a hard decision for me. I knew what I wanted to do, I knew why I wanted to do it, and I had, you know, happy to be able to explain that and let them all ask questions, and we sat and we talked. But, you know, again, when you make decisions and. Sometimes it's not the best for everybody. You're going to. You're going to create issues that change relationships, and that happens when people sell a company. So it's very tough. And I don't know if there's the perfect way to do it, but. But I remember going through this with Chet and doing everything that I thought was best for the situation. And hopefully, if you're going through something like that, you know, you can do that as well with someone who can be at your side. So you're not doing it by yourself. And then, you know, if you're someone who thinks that you're going to eventually do it, the best advice I can give you is to be prepared and feel free to reach out to me, and I'll go through my checklist with you.