Post-Exit: From Chaos to Clarity

18 Mar 2025 · 1 h 9 min

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Exit Paradox Podcast - Episode Summary

Episode Title

Post-Exit: From Chaos to Clarity

Host and Guest

  • Host: Anastasia Koroleva
  • Guest: Mike Brown

Episode Overview In this episode, Mike Brown shares his tumultuous journey following the sale of his business. He discusses the challenges he faced, including a painful divorce, financial losses, and emotional turmoil. The conversation explores the lessons he learned and why he decided to dedicate himself to coaching others through their post-exit journeys.

Key Topics Discussed

  1. Aftermath of Selling a Business
  2. Initial Euphoria: Mike describes the exhilaration of selling his company and the subsequent realization that happiness does not solely come from financial success.
  3. Challenges: The chaos following the exit, including a divorce and feelings of identity loss as he navigated life post-exit.
  1. Connection Between Entrepreneurship and Divorce
  2. Change in Dynamics: As Mike found success, the disparity in aspirations between him and his ex-wife grew, leading to instability in their relationship.
  3. Personal Development: Mike began a journey of self-improvement and questioning his past beliefs, which further strained their marriage.
  1. Financial and Emotional Struggles
  2. Investment Mistakes: Mike discusses a failed investment that led to significant financial loss and the emotional weight associated with money.
  3. Boundary Setting: He learned the importance of setting boundaries in both personal and professional contexts to avoid burnout and financial pitfalls.
  1. Transition from Founder to Investor
  2. Investor Mindset: Mike reflects on the shift from being an entrepreneur to an investor and the need for a protective financial safety net.
  3. Wealth Beyond Money: The episode emphasizes that true wealth encompasses more than just financial success, highlighting health, relationships, and personal fulfillment.
  1. Pursuing Purpose
  2. Finding Meaning: Mike stresses the importance of discovering a purpose beyond financial achievement and how this realization transformed his approach to life and work.
  3. Service to Others: He shares the shift from self-centered goals to focusing on how he can help and impact others.
  1. The Importance of Stillness
  2. Taking Time Off: Mike advocates for post-exit founders to take time for self-reflection and healing rather than rushing into new ventures.
  3. Defining Wealth and Freedom: He encourages listeners to redefine wealth in terms of freedom across various life domains, not just financial.
  1. Lessons on Parenting and Relationships
  2. Modeling Behavior: Mike discusses the significance of modeling healthy behaviors for his children and how that influences their understanding of success and relationships.
  3. Intentional Relationships: He emphasizes the need for intentionality in relationships and the importance of mutual respect and support.
  1. Navigating Identity Post-Exit
  2. Who Am I Without My Company? The episode delves into the identity crisis faced by many founders after selling their businesses and the journey to self-discovery.
  1. Advice for Recent Exited Entrepreneurs
  2. Build a Protective Reserve: Mike advises new entrepreneurs to first secure their finances before making new investments.
  3. Embrace Stillness: He reiterates the value of taking time to reflect and understand oneself after a major life change.

Key Takeaways

  • Ego and Identity: The need to detach self-worth from achievements and financial status.
  • Healing Through Pain: Mike underscores that pain can be a powerful teacher that leads to personal growth.
  • Impact Over Legacy: He prefers to focus on present impact rather than future legacy, emphasizing meaningful connections and contributions.

Conclusion Mike Brown's insights provide a valuable perspective for entrepreneurs navigating the often tumultuous period post-exit. His experiences highlight the significance of self-reflection, purposeful living, and the importance of community support in redefining success beyond financial metrics.

Connect with Mike Brown

  • YouTube: [Mike Brown YouTube Channel](https://www.youtube.com/@mbrown_co)
  • Twitter: [@mbrown_co](https://x.com/mbrown_co)
  • Website: [Unbreakable Wealth](https://unbreakablewealth.com/)
  • LinkedIn: [Mike Brown LinkedIn](https://www.linkedin.com/in/mikebrownactual/)

Final Notes

  • Anastasia Koroleva encourages listeners to join the Exit Paradox community and share their thoughts on the episode. She emphasizes the importance of connection and dialogue among exited founders.

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Transcript

Automatic transcript. May contain errors.

0:00Welcome to Exit Paradox, where we explore what actually happens after a successful business exit. I'm your host, Anastasia Koroleva.

0:15Mike Brown's post-exit journey led him from chaos to clarity, but not right away. He had to go through a painful divorce, a business failure, financial losses, and emotional turmoil. Pain is a great teacher, unfortunately. As painful as that experience was, now I look at it as one of the greatest gifts in my life. Today we're talking about what he's learned and why he decided to dedicate himself to coaching.

0:47Mike, I'd love you to walk me through step by step what happened to you in those first few weeks after the exit. How you felt, how you thought. yeah I mean I think that selling a company when we're young enough to enjoy it is one of the greatest gifts that we can give ourselves because so many of us in society are in this trap of pleasure delaying and and taking space and we work our whole lives until we retire and then most of us are too sick and uh you know too worn down to even enjoy it and so I mean I can say that the the day I sold my company was the single greatest night of sleep of my life.

1:25And because all this work, all of, all the years of blood, sweat, determination, all kind of culminated in that single moment. And, um, in that, I think that there was a little bit of, uh, over excitement and euphoria. And, and I truly thought I would never be unhappy again. Like I thought that I had finally saw, I've done everything that society told me to do, right? I built and sold an eight figure company. I tested myself in combat. I worked hard in school, like everything led up to that moment. And you know, society tells us if you just have enough money, you're going to be happy for the rest of your life.

2:05And I think I really believe that. And so after that initial wave of euphoria, Then things started to get real because not only did I sell my company, I also exited my first marriage at the same time. And so I was, I was dealing with a lot of chaos. And so immediately my net worth gets halved. And, uh, you know, now I'm a 50, 50 co-parent learning how to not be there for my kids every single night. Right. And really at the same time, this underlying anxiety of like, who am I without my company? And the thing that happens to post-exit founders is everybody will start saying, oh, I can't wait to see what you do next.

2:46And I'm like, next, like that was really hard. Like I have to do something bigger and better now, uh, just, just to stay on the treadmill. And that pressure was really, really intense. And, uh, you know, I've, I found myself putting a tremendous amount of pressure on myself to figure out something bigger and better and really probably rushed into and even though I knew that I wanted to take a break and I knew that I was exhausted I probably pushed myself a little too hard a little too fast given all the chaos that was happening

3:19can we slow down here because I'm very interested in the connection between you building the business and your divorce? Yeah. Uh, so when we, um, you know, I think, you know, I met my, my ex-wife when I was in my early twenties, when I was in the Navy and, uh, the world at that point, I think is very flat. Everyone has unlimited potential. Everyone, uh, you know, you know, none of us are making money. We're just out of college. And so, you know, the potential gap, I think, is not apparent. But as I became more and more successful, you know, the chasm between the two of us just grew and grew. And, you know, for me, it was really, you know, when I sold that company, I realized that there was a lot more out there for me in life and that I wanted to become, you know, really someone who, and there was a lot wrapped up into this.

4:27So I also started down the personal development train in 2017 with a mentor, Philip McKernan, who's been my longtime coach, and I've learned a tremendous amount from him. So I was really kind of going through this process of waking up and moving from type A military entrepreneur, Ironman triathlete to realizing there's a whole lot more out there than achievement. And, you know, the thing is, is like, I thought that reaching the pinnacle of achievement would make me happy. And I woke up and I was, I was no different. So, okay, now what? Like if that, if all of these things that society told me was going to make me happy, didn't now what's out there for me.

5:12And as I started going down to that path, it really upset the balance in the relationship. Because I think in many ways, my ex-wife was very comfortable in that paradigm and I was changing fast. And, you know, when we go through that, that change, that, that stepping into personal development, that asking bigger questions, it can be quite destabilizing. And so, you know, I can take ownership of the fact that, yes, these were all positive moves, but I think probably from the outside, my behavior could have looked erratic. I was asking big questions and seeking big answers, and that's quite destabilizing both from a personal level, but also from a relationship level.

5:57So things deteriorated pretty quickly. Yeah. I lost my first marriage after an exit too, so I can very much relate to it and it happens so often people don't like talking about it I'm sure you know lots of cases as well but families often become the first victims of this whole post-exit crisis if you like so can I ask you if you look back do you think you should have done something different to protect your family or actually you feel it was meant to be and it was, in a way, the good thing? Yeah, this is a great question and one that I've really sat with a lot ever since. And the reality is that I think we love, especially in Western culture, the idea of free will.

6:53But the more and more I've uncovered, I really actually feel a pull toward deterministic outcomes, meaning that it happened in the only possible way that it could have. And for a long time, I carried a lot of guilt because, you know, once it started unraveling, things happened really fast. And, you know, I armchair quarterback and look back and say, what it could have should I could have taken things more smoothly, I could have let this thing take a more natural course. But the reality is, is that, you know, once I made that shift, it was really on a collision course with reality. And there was, there was no other way I could have acted in that moment.

7:40And, and I think that's something Brene Brown says, which is you were doing the best you could with the information that you have. I can really look back and say, Hey, you know, I, I was in survival mode. I was in fight or flight mode. And even though, um, you know, sure things could have been smoother, the outcome would have been the exact same. And it happened the only way that it could have. And, uh, you know, fortunately I've been able to look back and take the lessons that I needed from that time and really forgive myself for not doing things smoothly. Cause the reality is life is messy. And, uh, I had held it all together for 38 years at that point.

8:18And then, you know, once the dam broke, there was no keeping things together. There was no keeping up appearances. And there was a lot in that for me of learning to share my messiness and, and just accept things as they are. Yeah. Yeah. I completely understand that. And, and you moved on to, to the next stage of your life with those lessons. Okay, so let's move on and talk about what you tried to do while you were looking for that next big thing that could keep you busy. Because you mentioned you were under a lot of pressure from both inside and outside to find the next big thing. Yeah, so I had been a startup investor for many years.

9:04I really loved mentoring early stage founders. And so I thought coaching would be a natural extension of what I, of that, that journey. And so, you know, even before I sold, I started taking on clients here and there. And, and the reality is, is that I knew that coaching was my path and that I had the capacity and the gifts to be a great coach, but I got scared. I got scared of who I would have to become in order to step in and own that power. And I started feeling imposter syndrome and I started falling into this idea that, well, if I, if I bought and sold another company, then I would finally be worthy of telling other people what to do.

9:49Because I think coaching is such an interesting path because it's just going to, it's going to be a mirror and bring up all of your insecurities. Uh, because, because the whole idea of the fact that like, who's qualified to give anybody else advice, uh, unless you're a narcissist is really oppression, I think, for people stepping into coaching. And so that was, that was very real for me. And so I bought this distressed company, uh, really as a distraction for who I would have to become to become a great coach. Uh, I knew I would have to get better at boundary setting. I knew I would have to get better at protecting my energy.

10:22I knew I would have to build a personal brand and start stepping into the spotlight. And all of those things were so terrifying that it just seemed easier maybe to jump back in and build another company. Oh, wow. That's fascinating. So how soon did you realize that it was just an escape? It's a great question. I mean, the way it went down is the two founders actually came on as clients. And at that time, my promise to clients was, hey, sign up for coaching. And then if I believe in your company, I'll invest in your company. Well, what that really was, was a way for me not to own my true value.

11:03My value was not financial. My value was in the wisdom that I'd earned over the years of building and exiting my own company and making all of the investments and mentoring founders. But again, I think there is a real hesitation to step in and say, hey, my value is actually not in my net worth. And so I offered that as a carrot to attract clients. The problem is it attracted the wrong kind of clients, right? It attracted clients that were desperate for investment, couldn't find it anywhere else. And it really blurred the boundaries, right? Because now I have a vested interest in seeing this person succeed.

11:38And the default mode was to just inject money to help them get where they want to go rather than actually hold the boundaries and help them become the best version of themselves to step into their power to run their business. And so these guys came on as clients and I immediately stroked a$200 ,000 check and realized that I was in way over my head. But rather than unwinding it and just taking the loss, I actually bought their company on the brink of bankruptcy. Okay. But it could be a good financial decision you think you just didn't make a good financial decision or you or you think it has much more to do with what you were going through emotionally transitioning into your new role or purpose being a coach I think very much both I think there was two major forces at play one was this kind of imposter syndrome for being a coach that I was talking about the second is I had a really broken relationship to money.

12:43In my first business, I was an oil and gas investor and started that company in 2013. It was the best time in the history of oil and gas to be an oil and gas. The entire Permian Basin was exploding with new growth based on horizontal drilling and fracking technology that were previously unlocking reserves that weren't available before. And so a rising tide lifts all boats and we were in the middle of a gold rush and made a lot of money very quickly. And in doing so, you know, we, I think it's common knowledge that, you know, when we're building a company, when you're in startup mode, you wear all the hats, you burn the boats, you're always betting on yourself.

13:28And then as you move into scale up, now you need to build new skillsets like hiring and delegation and setting the vision and holding accountability. And the same thing comes when we talk about building wealth is like you start as an accumulator of wealth, but eventually you need to shift your mindset to being a defender of wealth. And I totally failed in that. I was deploying capital as rapidly as it came in, had this very easy come, easy go, high risk, high reward type mentality. And once the money for my company stopped rolling in, I just kept going in that default mode. And so, you know, I had a lot of opportunities to learn the lesson, but unfortunately I love learning the hard way.

14:12And really it took a failed investment bringing me to my knees to recognize that my relationship with money was broken. Yeah. I remember reading that story of yours and you mentioned that you were losing like a hundred thousand a month at some point on that investment. Yeah, it was brutal. And you're right. I don't want to discount my skills as an investor. It should have been a quick 12 to 18 month turnaround where I could have 5X my money. and it looked on the surface like I just needed to clean up the balance sheet, eliminate some debt, restructure, slim down the team, and build some efficiencies.

14:57And then right after I closed, there was a lot of e-commerce companies that were reliant on Facebook as their primary acquisition channel, and this one was squarely in that camp. And the iOS 14 update came, and all of a sudden, you know, we were getting four and a half to four return on ad spend. And that got cut to one to one and a half overnight. And so, you know, revenue went from 350, 400K a month to 150K a month with the same ad spend. And so it spiraled out of control really quickly. And I knew really early on that this was a lost cause. You know, something I pride myself on is my ability to see and think in distributions of outcomes.

15:45I'm a natural handicapper. And so I think most entrepreneurs have a burn the boats, put their head down, and they're going to succeed at all costs mentality. I think more like an investor where I just need to win six out of 10 times, right? I need to win more often than I lose. And I'm okay with cutting losers. But in this case, I had taken on investments from some of my friends, and I really didn't want to let them down. And so I stayed a whole lot longer than I should have. I should have cut immediately and just faced the fact that this was never going to work in this new paradigm. But that's certainly easier said than done, I think.

16:22Did you feel you didn't quite have the skill to say no often enough at that time? Absolutely. Yeah, you know, there was also a deep sense of, because look, this default mode had always worked for me, right? I could get myself out of any situation. And I had pushed myself to the brink many, many times and always found a way at the ninth hour to pull a rabbit out of a hat and make things better. And that worked really well for me until it didn't. And so, yeah, there was a deep sense of responsibility to the company, to the team, to my investors. And even though I knew in my gut what the right answer was, I was unable to set that boundary.

17:06And that was really, you know, when looking back, like that is the lesson that, that stands out the most for me is it forced me to get really good at boundary setting. And, and as you know, as a coach, you know, if, if you go too deep and have an emotional attachment to an outcome for a client that can be really exhausting and a total energetic drain and allows you not to show up for other clients, right. Or, or for yourself. And so it was really that experience that allowed me to become a much better coach and a much better human because I really learned the ultimate lesson in boundary setting.

17:44Yeah. But, you know, I've now talked to hundreds of exited founders and one of the most typical pattern is that people admit that they go down financially before they go up. You know, we all tend to learn from our own mistakes as we're transitioning from a founder to an investor. And it sounds like you had to go through that as well. Pain is a great teacher, unfortunately. You know, as painful as that experience was, you know, now I look at it as one of the greatest gifts of my life. And I think I carried a certain arrogance that only someone who's never lost could have. and you know it taught me a lot about empathy a lot about understanding that like hey you know you can't always just pull yourself up by your bootstraps you can't always just brute force your way out of any situation and sometimes there are external forces beyond your control that that you know you can't look in the mirror and say you know i i can get out of this thing and and what a lesson and what a gift.

18:51Absolutely. You know, I remember doing lots of angel investing early on after the first exit. And when those investments turned out to be bad decisions, that's when for the first time I started appreciating the difference between cash flow and the value of assets. And I would be curious to hear how you feel now about that. Yeah, the thing is, I started angel investing almost immediately after I started making money in my company. And the reason I was doing that is because I thought that's what rich people did. We have such a hero culture around venture capital and private equity. And, you know, even when we look at information out there about how ultra high net worth people structure their portfolios, you know, their alternatives tend to be the biggest allocation of their portfolio.

19:46you, you know, 35, uh, 30%. And so I look at that information and I go, okay, well, that must be the most important category. But what I failed to understand was they had sequentially filled up their safety bucket first. So I was swinging for the fences without ever putting on my own oxygen mask and, you know, really resulted in disaster. But I think, I mean, I, I see so many founders going down this road is that, you know, the minute they sell, they become an angel investor without building that protective reserve. And, you know, that, that's kind of why I stepped into what I'm doing now is to, to help people shortcut that pain and go, Hey, you know what, if you build this protective reserve, if you, if you build cash flowing assets that cover your spending for the rest of your life, once you do that now with the next dollar, you can swing for the fences because your life and your legacy is protected forever.

20:33But if you start doing that beforehand, you actually risk having to start from zero. And I very nearly had to do that. Yeah. I find that what many of us miss, and I did as well up to my exit, is that as much as we want to find that new purpose, as much as we miss being in the game and in action, if we don't take care of our finances and if we don't establish this safety financially, that actually most likely at some point will get so stressed that it will affect the quality of our decisions and it will put our new venture, whatever it is, at a huge risk. What do you think about it? Yeah, that is a pattern I see play out over and over with the founders that I work with.

21:27And it's a classic case of what got you here won't get you there. We're used to betting on ourselves. We're used to going all in and putting our backs against the wall. And that, for many of us, is kind of a default state of being, right, is, you know, when we look at people with a driven personality type, they either have D2, D4, or D2, D2 gene, and high levels of neuropeptide Y. And there's an excellent book by my friend Doug Brackman called Driven. It kind of explains the neuroscience of high performance. And what happens when we have that driven personality type is that when we're in a situation that would send most people into fight or flight, we actually drop into calm and into chaos.

22:07And that's when we feel most alive. And that is a really useful evolutionary adaptation, except for when we're safe. And when we're safe, what we do is we manufacture that chaos in order to elicit that high performance. So we get into this cycle of putting our back against the wall, right? Because it's when we feel most alive. And, you know, the reality is that we are not wired for wealth, right? We're not wired for safety. We're not wired to, you know, build a protective reserve in order to swing for the fences. We go all in all the time. And so often it results in disaster. So you basically think it's our role in the society, like an entrepreneur.

22:51Some people are entrepreneurs, other people do other things, but entrepreneurs are wired to not be safe. Yeah, I mean, I think we do a tremendous disservice to people by, again, building this hero culture around entrepreneurship. Because the reality is it's not for everybody. Most people are not wired for the stress and the risk. And for most of us, for most founders, I think it's the only way we can operate. We're unemployable. We thrive on that chaos. but that's just simply not the case for most people. And so, I mean, I really think it's kind of a process of natural selection is there was no other way for me to be other than betting on myself and being my own boss and everything that comes along with it, right?

23:40Like I thrive in that chaos and, you know, now my role, I view my evolution is how do I engineer just enough chaos to feel alive but keep myself safe? so i'd love us to talk about this so you're basically saying that once you're wired for not having safety we avoid safety but we also needed to stabilize our life and to build some sort of normality i assume post exit so how did you create that balance or integration for your own life. Yeah. I mean, you know, very much as a product of this, of this experience of, of, you know, having a financial windfall that, that should have set me for life and then almost losing everything.

24:31I was forced to change. And the reality is like, we'll never make a change until the pain of staying the same is greater than the perceived pain of, of implementing that change. And, and for me, uh, I, you know, I, I put my, my back so far against the wall that there There was actually no way out other than to learn how to step into stability and create systems to keep myself safe. But one of the most important things, I think, is the tendency is to overcorrect and go into a mode where I'm building systems for everything. And I'm trying to completely go against my programming and create all this safety.

25:11And then at some point, our subconscious is going to take over and we're going to self-sabotage again. So what I tell founders that I work with is you need a blow-off valve. You need a release valve. So maybe put 90 % of your money into safe assets, but take 10 % and still swing for the fences and invest in projects that you believe in and, you know, take some of that risk. So you have kind of an outlet so that you're not taking a lion's share and doing that same thing, right, where it's disastrous. So take some amount that you can lose and it's not going to affect you and still find an outlet for that risk-taking nature.

25:49Okay, so what do you offer to your clients or maybe what do you do yourself to create that stability and safety? Yeah, I mean, the first thing is understanding how wealth actually works and building an engine for stability. Because the reality is, you know, we think linearly, but that's not the way money works. That's not the way wealth works, right? Like, it's a compound interest curve. And we have a really hard time understanding when we're on the flat part of the curve because our brains are wired to perceive linear incremental progress. But if you can charge that wealth engine with a set of assets that pays for your lifestyle spending, now you've created a compound interest vehicle that actually allows you to increase sovereignty as your wealth increases.

26:45Because money at the end of the day is only useful if it's used as a tool to generate the life that you want to live ultimately. Right. And that can be from an impact perspective. That can be from a purpose perspective. That can be from, you know, creating time freedom to spend experiences with the people that you love. But, you know, if we're not doing that, if we're just treating money as the end rather than the means, that's how we get trapped. And so, you know, what I try to do is help people work backwards. And this is, this is exactly the playbook that I did for myself is okay, what is the life that I want to actually live?

27:28Who do I want to impact? Well, like, what, what do I want to create here, you know, on, on with my time on earth? And then I can back into a decision making framework that allows me to use my wealth to build that actual life. And that's essentially creating a life of alignment. I want to align my values with my money in order to generate the life that I want to live. And that's the framework that I help people solve for. So what are some of the most effective exercises or maybe questions that you ask your clients that you see consistently help them break out of this problem of this natural resistance to safety?

28:10is one of the first things that I have people do is define what wealth actually means. Because if we're going to talk about building wealth, we need to have an exact definition. And it's like when I host a retreat or a workshop, I'll ask for a collective definition of wealth. And it usually starts with something about money, but we end up with some definition that circles around freedom. So what wealth means to me is freedom in four areas, freedom of health, freedom of relationships, freedom of time, and freedom of mind. And those go in ascending order. And once I've determined that wealth really is just increasing freedom, increasing sovereignty, you know, now my favorite question to ask is, where am I not free?

28:57And that is something I return to over and over is look at all areas of my life and go, where am I not free? Where am I still beholden to some relationship? Where am I still beholden to giving up my time where I don't want to? And that's where we can start to work backwards to build that ideal vision.

Read the full transcript

29:15I love this. May I challenge you? Please. So I've been obsessed about freedom for most of my life, as I think every single entrepreneur out there. and then at some point I realized that actually when I did achieve all the freedom I could think about what I really really really wanted was to limit that freedom and to commit to a purpose and have clarity and channel all that energy I had towards that purpose and I had to admit to myself that I actually do not want to have unlimited freedom anymore. I want to have it limited by my own will. How would you think about that? Yeah, I think that's exactly it, right?

30:08Is that, you know, I think, I think the first step is doing exactly what you said, is creating that unlimited freedom. And then you get to step into choice. Okay. If I have unlimited time, if I have the ability to sit in stillness. Now what gets to start to emerge? And I think what most people find is ultimately it's not about you. And that was very much my journey is that it felt really fun for a little while to live selfishly and just pursue things like adventure sports and spending time with my kids and all of that stuff is really impactful. But then I started to feel this itch of like, okay, I've got something greater to give here.

30:52And the minute I stopped making it about me and started making it about service and purpose, then you're right. Like I'm working harder than I've ever worked, including at my first company right now, creating content, writing, coaching, and I love it. I'm obsessed. I'm obsessed with my craft. And if you'd have told me five years ago that I would be working harder than ever, I would have laughed you out of the room because I thought, I thought it was game over and I would never have to work again. But now it's, it's instead of a place from have to it's I get to. And so my, I love, uh, having clients and this is something I've done for a long time is, is choosing a magic word for the year.

31:33So choosing a single word that, uh, will help you embody the life that you want to create. And for me, my word this year is purpose. And so every morning is like, how can I live into my purpose? And, and you're right. Like when, when you're stepping into that service, now, all of a sudden I've created constraints so that I can generate my highest and best self in order to live into that purpose. So how do you define purpose? Yeah. Uh, for me, uh, my purpose, uh, at least right now. So, so I think it's really important is that a lot of times people go, hey, I'm going to be doing this for the rest of my life.

32:18That to me is really heavy. So I try to have as broad definitions and give myself the flexibility to change over time. But right now, my purpose is helping other people wake up to what's important because I feel like the universe gave me that gift of all of these experiences that resulted in realizing that I was chasing the wrong things. And so being able to give that gift to other people is my highest purpose, at least for right now. And so, you know, I really encourage people to have whatever purpose they feel is central and hold it very loosely. And so I've tried to define it as broadly as possible.

33:00And so, you know, helping people wake up could mean in my work, but it also could mean with friends. It could mean with my family. Like it has a broad enough definition where I'm given the flexibility and adaptability to move and change as I grow and my purpose can grow along with it. Okay. I think that's wonderful. Really inspiring. So, Mike, a few years ago, I thought that the biggest problem post-exit is that so many people do not stop and take a break and think through things and do some introspection. And today, I'm actually thinking that the biggest problem is something else. It's the fact that many people stop and instead of taking a break, actually retire.

33:52Because when we retire, then we create this whole system of habits supporting our comfortable life. And it's extremely hard to break out of that and find that purpose, which you just so beautifully described, that inspires you, that gets you excited, that you're obsessing about. I'm curious if you came across clients who are having that problem, being stuck in a golden cage and feeling their life is empty, even though their lifestyle is beautiful. and how do you guide these people out of that problem? Yeah, so like I mentioned earlier, I do think selling a company and sitting in stillness is really important because the reality is when we look at that same driven personality type that leads us to be founders, a lot of times our edge is driven from darkness.

34:42It's driven from our past traumas. It's driven from pain that we are running from And we're looking to fill that hole with external validation and success and, you know, all the trappings that come with that. And so, you know, I love the book Second Mountain by David Brooks, where our first mountain business is typically, you know, building from a place of lack, building from external validation, building from trying to fill a hole that only you can fill. And so taking that space, I think, is really important because a lot of us wear busyness like a badge of honor. And I hear a lot of times, you know, founders say, oh, I could never sit still.

35:23And whenever I hear that, my question is, what are you trying not to feel? And I can tell you there was a lot of things in my life that I was trying not to feel by throwing myself at work, by trying to fill that hole with external validation. And so having that time and that space to actually start to lean in and feel the things that I was maybe suppressing or anything from PTSD that I was not willing to acknowledge or this constant need to prove myself. All of those things came front and center during that period of stillness. But you have to lean in. So I think you've nailed it, right? If you're just creating comfort, there's actually no space to lean into those feelings that maybe we've been suppressing for a long time.

36:12So I recommend that everyone take some space, at least six months, but do the work. Lean into the feelings. Figure out what it is that's driving you to never be able to sit still. And then on the backside of that, now let's start stepping into purpose. Now let's think about what building from light, what building from purpose can actually look like. and uh you know i i do think that there is a trap in just creating so much comfort that you you're now just creating a new way of distracting yourself it might have been your company before and now maybe it's pleasure and so i think you have to do the work in association with sitting in stillness yeah yeah no absolutely um i'm curious how did you go through this journey of becoming less selfish because that is what we have to do to find purpose yeah um you know a again pain is a great teacher and uh you know i think it really started unwinding when i found that the pot of gold at the end of the rainbow wasn't what i thought it was going to be and that you know no amount of achievement no amount of of trophies in iron man's, no amount of proving myself in combat, uh, no amount of money was ever going to fill this hole.

37:31And so, you know, once I found that that was empty, okay, now what do I need to replace it? And, and so I started asking those bigger questions and super grateful to, uh, you know, have a coach and mentor, uh, guiding me through that process. You're going to therapy, you're kind of doing, uh, engaging in all of these different modalities that allow us to start uncovering those, those bigger questions and start repatterning that edge from, you know, a place of lack to a place of purpose.

38:06Therapy versus coaching. What did it give you therapy comparing to coaching? Yeah. I mean, look, uh, I think therapy is a, is a really useful tool, uh, in the toolkit, But, you know, I recommend that people try multiple modalities because, you know, while therapy is amazing for identifying and perhaps healing some of our childhood patterns, you know, therapists are bound by guidelines. And, you know, you could end up in a therapist's office for years and not make any real progress because they don't have the ability to kind of drop the hammer. And that's where coaching was more effective for me because, you know, I think a great coach kind of wears both hats.

38:54They can ask really good questions and help you understand your patterns and gain some insight as to where they came from. But at some point they can go, hey, you're full of shit. Stop it. Like, and, and really, you know, push a lot harder. And I think for high performers that can be really valuable as long as it's wielded with intention. you know i have to say for me the very idea of going back and relieving the trauma and finding what was wrong in in our childhood for me that never worked i actually think it's um sometimes it's better to focus on something much more much bigger much more important that you care so much more about that the trauma may just dissolve because it will be small in comparison.

39:45Yeah, I think that's totally valid. And I can tell you, you know, recently I've had one of my most significant breakthroughs since starting this work a decade ago. And essentially what I found was, you know, I would be in coaching retreats or in the therapist office. And normally we do memory association. We go back to childhood memories that are particularly painful. And I would be accessing these memories of, you know, my mom yelling at me or being made fun of by kids or whatever, whatever it is. And I would see other people in the room getting really emotional as they access these memories.

40:23And, you know, when I was honest with myself, I was like, yeah, I mean, that was painful. It wasn't a pleasant experience, but I didn't have this deep ocean of pain that a lot of other people seem to experience. And, you know, there was a point where I kind of started giving up or thinking like, maybe I'm, you know, just not wired to feel that kind of emotion or whatever. What I actually found was that my pattern was created by a much more metatrauma, which is kind of, you know, when I was in first grade, my parents got called in the principal's office and they said, Hey, your son just took his first achievement test or IQ test or whatever it was.

41:04And he tested off the charts and we're not going to tell him. I actually didn't find this out until I was 30 years old, but I had a distinct sense of kind of permanent othering because, you know, I knew things that other people my age didn't know. I was, I was able to intuit things or, or just have answers that other people had to work through or study for. And, you know, kind of Sort of like how there's very little sympathy for post-exit founders, there's very little sympathy for people who are considered gifted. And while that giftedness, that intelligence is a massive advantage, it can also be a burden.

41:47And so, you know, as I found this kind of permanent state of rejection and aloneness, because I wasn't able to really connect with my peers, or be seen for who I truly am, you know, I started this, this process of chameleoning, I would meet people where they are, I would modulate my answers, I would, I would always try to be fitting in. And I didn't realize kind of the pain or the deep ocean of sadness that was associated there. So for me, finding that emotion was really finding this meta-permanent state rather than event-based traumas, if that makes sense.

42:28Absolutely. Do you think your parents made the right decision by not telling you about that test? I think that's really hard to to parse out you know again I think they were doing the best they could with the information they had that was the recommendation they got from the school so you know I think they were just uh following whatever protocol they thought was was necessary um and I'm not sure what I would have done with that information early on uh so I'm not sure if would have made any kind of a difference. Um, you know, but now I think, you know, we, we see a lot more, um, a huge rise in, in, you know, helping kids navigate neurodivergence and, um, you know, whether that be giftedness, whether that be Asperger's or like whatever, however that manifests for them.

43:20Uh, and, and so I think having access to more modern tools or support for, you know, this thing that was, again, while a gift, it was also very othering, and I didn't understand why. So I think that, you know, fast-forwarding 40 years now to, I mean, I think we've taken a massive step in the right direction in giving support for neurodivergent children. How do you go about this with your own kids? Do you encourage them, for example, to be entrepreneurs? Do you encourage them to be different? Yeah, I mean, this goes back to what I was saying is that I think we do people a disservice. And I hear so many founders and entrepreneurs going like, oh, how do I teach my kids to be entrepreneurs?

44:07And I think entrepreneurship selects you. I really, I think that it's probably inherent with personality types. and so I don't encourage my kids to be entrepreneurs. I actually encourage them to figure out whatever their own path is and I want to give them the tools. I want to give them the access. I want to teach them about entrepreneurship. So, you know, I'll have conversations with my son and be like, hey, you know, do you see any other kids driving to school in a Lamborghini? No? Okay, well, let's talk about how that happened. Let's talk about what, you know, what I had to do in order to, to reach this, this kind of life.

44:44And then we talk about whether that feels like a fit for him or not. And we had a great conversation recently. I was like, Hey, do you think you would rather work for yourself or work for a big company? And he was like, Oh, I think I'd rather work for a big company. I'm like, great. Like that's, that's really good to know, because if I try to force you into this box of entrepreneurship, you're going to be fundamentally unhappy because your personality doesn't actually fit that. but you still model that behavior to your kids probably especially to your son yeah yeah certainly you know i i really view go ahead i know whether you like it or not your son will be uh looking at you as a model yeah and and this is i think critically important it's a distinction that i don't think a lot of parents get is, you know, kids pick up on what you do, not what you say.

45:36You can, you can speak at them all day long, but they're actually just going to learn modeled behaviors. And so what can I do to prepare my kids is live my best life possibly and stand in my truth and show them that I am living into my purpose and living into my values. I can model a good relationship, right? So I can, I can tell them what a good relationship looks like, or I can just show them. And what I view my role as a parent is actually helping them create their own sovereignty. So my first principles as a parent is that my children are sovereign beings. They actually know what's best for them.

46:11They have their own internal wisdom. And my job is just to set the boundaries and help them ask really good questions so that they can unlock what's already inherent within them. How old are they now? My son is 12 and my daughter is 7. And she's a little wrecking ball. She's a little mini me. Because I have to say that I clearly see the pattern that many successful entrepreneurs, those I talk to who exited their companies, their parents are or were entrepreneurs as well. So I think that modeling clearly works. Yeah, that's interesting. You know, I would have to sit with that because I actually feel like a lot of my peers and founders that I talked to a lot of times came from nothing or came from parents that worked, you know, government jobs or teaching jobs or whatever.

47:14And their drive was to create a better life for themselves. And so that's a really interesting distinction. Yeah, because what I notice now is that those who achieved this highest level of success and actually sold their companies successfully, more often than not have parents who were entrepreneurs. That's just my observation. I don't have enough statistics to support that. Yeah, and I think that could totally be true. And I think it probably depends, right? Like you're, you're talking to a lot of, uh, nine multi nine, you know, 10 figure founders. Um, and, and, uh, I'm probably playing in more of a different pond of, you know, more of the, the five to 50 million type folks.

48:04And so I, I wouldn't be surprised if there's correlation between the highest levels of success, you know, as we know, it gets really pointy at the top. So I wouldn't be surprised if, you know, more multi nine type figure founders, uh, had entrepreneurial parents. And that'd be a really interesting study to actually get data on, I'm sure. Yeah. What about your parents? Yeah. So I grew up in a very wealthy town, Midland, Texas, which is the second highest income per capita after Greenwich, Connecticut. And it's due to the oil and gas industry. So I had a lot of wealthy friends, but my parents were not wealthy.

48:44My dad was an engineer for a very large oil company. And, you know, in the eighties and nineties, the oil business was not the same as it is now. And so we had five kids and money was a struggle my entire life. I mean, I grew up watching my parents fight every night about money. And, you know, my dad is an incredible engineer, but he is very much not an entrepreneur. He was very risk averse and, you know, he would, he would rather be nosing into spreadsheets all day long than, than going out and, you know, taking risks. And, and so I knew very early that I was much different than my dad. Uh, that was, that was, and for a long time, uh, I probably thought, uh, you know, I probably didn't understand why he was so risk averse, but now again, that, that I, I don't view entrepreneurship as better than I just, I view it kind of as a necessary evolution for those of us with this certain personality type.

49:50I can really see why that would have completely been a disaster for him. And I got to learn so much. I mean, my dad is one of the sweetest men that I've ever met in my entire life. And so I hold a lot of respect for people who aren't wired for risk the way that we are. But do you think that the fact that you were poorer than your friends when you were a child created a chip on your shoulder, which later pushed you to become ambitious about earning money? Absolutely. I mean, no question, right? Like I think all of these things contribute to the drive. I think, you know, being on the lower middle class end of things in a very wealthy town definitely was a driver, but even more so, I think it was watching my parents fight about money.

50:42I I mean, I can remember saying to myself as a very young child, like, I'm going to have so much money when I grow up that I'm never going to have to fight with my spouse. And I think that was really the core driver. And yes, I think the societal layer on top of that with my childhood friends was a part of that. But I think it was even more acute for me based on the dynamic I saw in my family. So it was nature and nurture then, in your case. Yeah, and my mom. Yeah. And my mom, uh, was, was an incredible mother who pushed us really, really hard, you know, with five kids in the family, uh, you know, my kind of core story was that achievement equals love.

51:28Like if, if I wanted to get attention at the dinner table, I better have gotten an A on a test or won my swim meet or, or scored a touchdown or whatever it is. And because that was just how we competed for attention in the family. And so she raised five very competitive children. And again, that's a really great core wound to have is that achievement equals love, because it kind of sets the stage for success as a driver. But if not uncovered and healed, at some point, it becomes a limitation. And that's kind of the path that I went on. brilliant so mike going back to your coaching business right now um if a recently exited entrepreneur came to you and asked what should i avoid what are the traps what are the dangers what i should not do within the first two three years post exit at least what would you say uh yeah first first and foremost is from a financial standpoint build a protective reserve uh whether that's you know whether you want to hire a wealth manager or or self-manage you know make sure that so the the concept i teach is called escape velocity which is essentially you know that point where your assets pay for your spending without ever drawing down on the principle so first and foremost do that you know before you make any investments before you're investing in your buddy's startup before you're buying crypto or whatever, you know, whatever, uh, wild entrepreneurial clippities you have, like take care of the protective reserve first.

53:01And then the second thing I would say is give yourself the gift of stillness. But like we said earlier, do the work, like go to therapy, hire a coach, like figure out what it is that makes you tick. And, um, and I think the mistake that we make, you know, a lot of people come to me and they go, well, yeah, but what if I lose my edge? And my answer is like, if your edge is driven by darkness, you may lose your edge, but there is so much for you in building and honing a new edge from a place of wholeness. And so, you know, don't jump into something so fast. Like don't get into the trap of biggering and biggering, like take some time, take some, take some space to heal, see what comes up for you in the absence of busyness.

53:44Like force yourself to read fiction books, works yourself to go on walks, uh, with no point, right? Like, because the other thing is, is, um, if we're not building a business, we might jump into a new sport or a new hobby and then throw ourselves into it just as voraciously as we do to business building. And, and I actually, you know, tell people like, Hey, take some idle time, like try and do a hobby with, with no intention of getting good and just, and see what comes up in that space. And that's when the real work begins. are you doing this to break the pattern the habit of achieving is that is that the reason yeah and um what i would say is that uh the point is actually not to break our patterns but it's to become a choice so you know achieving is a really useful pattern but not if it's our default subconscious state.

54:38Right. So I want to say, Hey, when, when can I put on this achievement-based hat? When is it useful? But also when is it not? So it's, it's really identifying how can I step out of this as a default mode into an app choice mode. And I think that really is the thing because I still want to keep my drive. I still want to keep my discipline. Like I want to keep all of those things that, that, that made me successful. I just don't want to be doing it unconsciously. but how do you master this control that's this switch of achievement mode yeah i mean it's um i think i think it's kind of the the fundamental process of self-actualization is understanding that control is an illusion and that no matter how hard we try we actually have way less control that we think.

55:31And, you know, every time I find a new layer and step into where am I trying to control, or, you know, it's kind of an, it's kind of a corollary to where am I not free? Where am I not free is usually a place I'm trying to control. And so what does it look like to have, uh, you know, understand that like, Hey, I know where I want to go, or I know what I think I can become, but let me hold that very loosely and allow the pattern to emerge rather than trying to force outcomes. And every time that I find myself out of alignment, it's probably because I'm trying to force or control an outcome versus setting the conditions and then allowing that, that outcome to naturally emerge as it will.

56:12And when we step into that, so often the outcome is so much greater and so much more beautiful than we could have possibly imagined because, you know, ultimately they are, our imagination is such a limiter, right? Because when I think about the greatest things in my life, all of them are beyond my wildest dreams. And so how can I foster the environment for my wildest dreams that I couldn't even imagine to come true? Do you think it's still useful to set up long-term goals like a 10-year-old big, hairy, audacious goal? I totally do. So I'll name mine for you, which is, you know, I see a future where I am a multi-time bestselling author.

56:56I'm speaking on the biggest stages in the world and I'm, I'm impacting, uh, you know, people at a, at a really massive level, but I have no idea exactly what that path is going to look like. I have some ideas. Like I'm, I'm working really hard on writing my first book right now. It's going to come out in the fall. You know, I'm working on creating content. So it's okay. What daily conditions, what daily, weekly, monthly conditions need to be true in order to allow for that outcome or make that outcome inevitable. And if I can just engage in those, now the path is going to take whatever path it takes, but I know that I will eventually get there.

57:30It's just a lot less structured than maybe it would have been 10 years ago for me. So when we sell our companies, one of the biggest challenges is that we no longer have a structure. we no longer have those people we delegate to who do what we ask them to do. How would you advise people to go about it and create an alternative structure in their lives without a company? Yeah, I think a couple things. One is I recommend, you know, as long as the exit is significant enough, I recommend keeping two employees. One is an assistant and two is a house manager. So I think my house manager, Sarah, is my most valuable employee.

58:21And essentially, when we hired her, I said, hey, look, we're two busy, fun-loving CEOs that want to spend more time with our kids. So I want to outsource all of the daily tasks that take time away from my kids and being present. and that is such a force multiplier because now I'm not doing things like, you know, cooking, doing laundry, going to the store, like all of the things that kind of take up a lot of space in our life. And so, you know, if a post-exit founder has the means, I highly recommend keeping some, you know, keeping a personal assistant or a VA or a house manager. And, you know, with that, I think that rules are made to be broken, right?

59:05Like I think we need to go break all the rules. I think we need to go into an unstructured period to then say, okay, what structure is serving me and what structure doesn't, right? Like I don't want to place a bunch of obligations. Like I don't want to join a bunch of boards where I have to show up for meetings. Like I want some unstructured time to then decide, okay, which structures actually serve me. So for me, it's health and fitness is a, is a structure that I, that is really important, right? If I, if I start getting away from my, my workouts or, or, um, you know, some of my other health practices, like that's going to put me in a bad spot.

59:39So I'm going to keep that structure, but, you know, feeling obligated to, um, you know, attend whatever meetings or events or like that stuff actually doesn't serve me. I don't want to be beholden. Uh, I don't want my time to be beholden to things that I'm not really passionate about. So I want to get rid of that structure. So it's really, you know, going into a period of unstructured activity and then finding where to build in a way that serves who you want to become. That leads us to a question which for many post-exit founders is particularly painful early on, which is identity. How do you think, what is the most helpful and healthy way to answer the question, what do you do after an exit?

1:00:27Yeah, I mean, I think probably the most fundamental question that a post-exit founder has to answer is, who am I without my company? And a level below that is, who am I without my achievements? Who am I without my success? And that can get really, really uncomfortable, but that's where the beauty lies. It is, is when you strip away all of the achievements, all of the money, all of the, you know, whatever, um, who are you at a core? Like, like who do my kids know me to be? Uh, who, who does my partner know me to be? And then, then you can start uncovering who am I to me. Right. And I, and I know that's, that's sort of an esoteric question, but I think there's so much in there is ultimately, like, am I still lovable if I'm not building things or achieving things?

1:01:17And that's something that a lot of founders wrestle with. Yeah, absolutely. So what are your biggest lessons with respect to relationships after your divorce and your whole transformation into a coach? yeah I uh I've I've found myself so incredibly fortunate uh in that I met a new partner um you know not long after my divorce who who is a fellow founder and she had been building a digital marketing agency for many years and um this was someone who was a is a true equal in every sense of the word and we've been able to develop a relationship where one plus one is greater than two. And for me, that distinction actually came when I was at my lowest point during that, that failed e-commerce company.

1:02:10There was days I didn't want to get out of bed in the morning. And a good partner, I think would have come in and said, Hey buddy, like you got this, you can do it. Like get up, you know, we can, we can go do this. And she actually said, Hey, stay in bed. I'll take your meetings. I'll run your company. And Whoa, like what a, what a crazy relief and, um, you know, experience that I had never had, because I think when we are incredibly capable, we tend to, again, back to control, like we control all of the outcomes. And if I'm not okay, nobody else is going to be okay. And to go into a place where, Hey, I actually cannot be okay.

1:02:48And someone's got my back and someone capable can actually hold this space for me to be a mess. What an incredible gift. So I, uh, I just, I just am, you know, I have such deep gratitude for being able to build this relationship. And I, and I think it's, it's a gift, you know, I, uh, uh, I think that, you know, we grow and evolve and, uh, there's a really great podcast with, with Esther Perel on, uh, on Huberman that talks about, you know, we have multiple relationships in our lifetime. And if we're lucky, those relationships can be with the same person. You know, I, uh, I was not so lucky and, um, now I get to build this second mountain relationship.

1:03:31Uh, and I think, you know, I get to use all of the, the learn learnings and tools that I have access to now that I didn't before. And, uh, the reality is, is that, you know, relationships take intentionality and, you know, there's, there's your relationship with yourself and there is your partner's relationship with themselves. And then there's this third entity, the relationship between the two of you. And, um, you know, people say relationship takes work. I don't love the word work, but I would say tending to write into it. Like we have to be intentional with how we build this thing, or it's going to get out of hand because the reality is, is that, you know, as we go through life, little micro resentments build up that create a chasm.

1:04:15And so if we're not working to constantly heal those and come back together and pour intention into that relationship, I think any relationship is gonna deteriorate over time without that.

1:04:28Absolutely. And I wonder if you guys work so well together, are you thinking of actually working together, doing something as work partners as well, sharing your purpose, or you prefer to separate these things? We've tried many, many variations. So she was my CMO for both my previous company and now she's my CMO for my new company. I'm the CFO for her company. So we both have a deep role in each other's companies, but there was actually a period of time where in between companies, I was like, oh, I'm gonna work for you. I'll be your number two. And it turns out I really am unemployable. And even even though it was my wife, there was no way that that was going to work.

1:05:18And so now we found a really mutually beneficial way to work with each other where we help each other grow and build, but we're not so intricately involved in each other's companies that we're getting in each other's way. you found your balance great um mike is there something that we haven't discussed but you feel you would love to share with an audience of exited founders i mean you are so good at asking great questions uh this is hands down one of the deepest interviews i've done and i'm so grateful for the opportunity. But I would say the biggest thing is something I have already shared, but I would just love to reiterate and really leave the audience with, which is give yourself that gift of stillness and in that stillness, lean into figuring out who you truly are without achievement.

1:06:13Because I think that is really the key to then being able to build something, uh, from purpose, uh, something that's bigger than yourself. And I can tell you, you know, the, the view from here is remarkable. Like waking up every day, like, do I want to post on social media every single day? Like, of course not. But if I can take myself out of my ego and say, you know what, this is not for me. Like there is somebody out there that needs to hear this wisdom in this journey. And I've earned that, I've earned the right because of the pain and suffering that I went through. And if I can step out of myself into service, it's such a gift.

1:06:52And so really just take that stillness and see what's there for you. It is definitely worth it. I agree with you. I've gone through a similar journey and I would love people to not miss this opportunity and find what they truly are about and why they are on this planet in the first place. So, Mike, my last question is the same question I ask everybody else. How do you want to be remembered? You know, I think there's a big difference in impact and legacy. And legacy is what happens after you die. For me, legacy is heavy. Um, you know, I, I really am, uh, you know, I hope I'm remembered, uh, by my children as a, as a great dad.

1:07:47Uh, but other than them, I really don't care who am I remembered by. I care about who I can impact while I'm here. Uh, and, and so I just try to focus on everything on present rather than, uh, you know, putting my name on the side of the building, uh, when I'm gone. And that's what keeps me driven. That's what keeps me getting up every day is how can I impact people in the present rather than worrying about some future where I'm not even around to enjoy it.

1:08:18Awesome. Mike, thank you so much. So much wisdom. Absolutely brilliant. You've given us so much value. I'm really, really grateful for that. Yeah, well, I really appreciate the opportunity to jam with you. Like I said, you ask amazing questions and I really appreciate the work that you're putting into the world. Thank you so much.

From the publisher

Mike Brown's post-exit journey led him from chaos to clarity, but not right away. He had to go through a painful divorce, a business failure, financial losses and emotional turmoil.Today we are talking about what he's learned and why he decided to dedicate himself to coaching. Mike, I'd love you to walk me through step by step, what happened to you in those first few weeks after the exit? How you felt, how you thought?

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🔗 CONNECT WITH MIKE:🎥 YouTube Channel - ‪@mbrown_co‬ 🐦 X (Twitter) - https://x.com/mbrown_co📸 Instagram - @mbrown.co💻 Website - https://unbreakablewealth.com/👥 Linkedin -   /mikebrownactual  

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TIME STAMPS:

00:00:00 – Introduction

00:00:37 – The Aftermath of Selling a Business

00:02:07 – Reality Hits: The Post-Exit Crisis

00:03:19 – The Connection Between Entrepreneurship and Divorce

00:05:00 – Chasing Achievement vs. Finding Purpose

00:06:40 – Could He Have Saved His Marriage?

00:08:33 – What’s Next After the Exit?

00:09:59 – Why Coaching and Why It Almost Didn’t Happen

00:10:34 – A Costly Distraction: A Failed Investment

00:12:30 – The Emotional Weight of Money and Investing

00:15:00 – A Brutal Financial Loss: Losing $100K a Month

00:18:00 – The Transition from Founder to Investor

00:20:15 – The Importance of Financial Safety Nets

00:24:15 – Balancing Risk and Stability

00:29:00 – The Concept of Wealth Beyond Money

00:30:06 – Unlimited Freedom vs. Purpose

00:32:03 – Defining Purpose and Service to Others

00:36:00 – The Danger of Retiring Too Early

00:40:00 – Lessons from Childhood: How Early Experiences Shaped His Drive

00:46:00 – Parenting and Entrepreneurship

00:52:25 – Post-Exit Traps to Avoid

00:57:45 – Rebuilding Structure and Identity After an Exit

01:06:00 – Final Lessons: The Power of Stillness

01:07:22 – How Mike Wants to Be Remembered

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