Paul Meehan, founder of NÜTRL Vodka and former owner of G&W Distilleries, shares his firsthand experience of building and selling his business to Labatt in 2020, and preparing for life after the close. Paul’s story serves as an inspiring testament to the complexities and opportunities that arise during the transition from entrepreneur to post-sale life.
In this engaging session, Paul Meehan will provide an intimate look into his strategic preparations and considerations that accompanied his decision to sell the thriving business he built from the ground up – but stay involved in the parts of the business that he enjoyed the most, post-sale. Through candid anecdotes and valuable insights, Paul will walk attendees through the critical steps he took to ensure a smooth transition, both personally and professionally.
Whether you’re an aspiring entrepreneur, a seasoned business owner contemplating an exit, or a professional guiding clients through transitions, this session offers a unique opportunity to learn from Paul Meehan’s experiences, helping you navigate the challenges and triumphs of business ownership and life afterwards. Prepare to be inspired, informed, and empowered as you gain practical strategies to pave the way for your own successful business transition.
Key Takeaways:
- Crafting an Exit and Tax Strategy: Learn how Paul meticulously planned and executed his exit strategy, balancing financial goals with personal aspirations, and maintaining the legacy of his brand.
- Emotional Preparedness: Discover the valuable insights into managing the psychological aspects of transitioning away from a business that has been a central part of your life.
- Financial Planning: Understand the financial considerations that come with selling a business, including tax implications, investment strategies, and wealth management techniques.
- Legacy Preservation: Gain insights into how Paul ensured that the values and vision of NÜTRL would continue even after his departure, and how he aligned his legacy with his post-sale pursuits.