By Tom Schramski, PhD
Volume 1 Issue 9, May 27, 2014
I often joke with clients that I needed six months of intensive psychotherapy after I sold my first healthcare business. Like most humor, there was a nagging truth in it because I was ill-prepared for the inevitable post-transition adjustment period. At one point, I even thought, “If they (the employees) had really loved me, they would have tried to talk me out of it.” Go figure.
My experience and those of many clients since have taught me a valuable lesson about the importance of preparation for the transition. Whatever your circumstance may be, here are six principles to consider for your transition:
There is a theme in these principles: while attending to the needs and dreams of others, you can also nurture your own. Thoughtful preparation obviously assists your co-workers, customers, and community in building a new future, and it may produce even greater benefits for you.
Tom was the Founder and Managing Partner of VERTESS. He was a Certified Merger & Acquisition Advisor (CM&AA), consultant, and Licensed Psychologist with over 35 years of very successful national experience in the healthcare marketplace, including co-founding and building a $25 million behavioral health/disabilities services company. Tom represented sellers and investors across the healthcare spectrum and was recognized for his executive leadership in the 2005 Entrepreneur of the Year issue of Inc. Tom passed away in December 2018.