The Psychology of Entrepreneurship

the psychological impact of building and exiting a business

The Psychology of Entrepreneurship

“Bill Hudenko is a psychologist, Dartmouth professor and small business owner,” shares Sam Thompson a Minneapolis business broker and the president of M&A firm Transitions In Business. “He takes us into the minds of small business owners as they operate their business and eventually sell their “baby.” He covers many topics such avoiding the feeling of being trapped inside your company and daily practices you can do to maintain your mental health during the sale of your business.”

Have you considered the psychological toll of building your business?  

In this week’s Built to Sell Radio episode, John Warrillow sits down with Bill Hudenko, a psychologist, Dartmouth professor, and serial entrepreneur, to discuss the psychological impact of building and exiting a business. Bill shares his personal journey through multiple exits and offers insights into the mental health challenges that come with selling your life’s work.  

As someone who has experienced these challenges firsthand, and as a professional with access to extensive data, Bill provides practical advice on how to avoid the common mental health pitfalls associated with selling your business.  

In this episode, you’ll learn how to: 

  • Understand the psychological ailments you’re more predisposed to as a founder. 
  • Stop feeling trapped inside your business. 
  • Give up control inside your business (without going crazy). 
  • Leverage the five factors that lead to a healthy entrepreneurial mind. 
  • Balance your professional and personal life during a transition. 
  • Recognize the signs of mental health issues that commonly affect business owners. 
  • Use daily practices to maintain your mental health through the sale process. 

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