『Purpose, Community, and Health After You Sell Your Business (Nate Collins)』のカバーアート

Purpose, Community, and Health After You Sell Your Business (Nate Collins)

Purpose, Community, and Health After You Sell Your Business (Nate Collins)

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In this masterclass episode of the Creative Genius Podcast, Gail Doby dives deep into the complex world of exit planning with former business operator turned wealth manager, Nate Collins. Nate shares his multi-layered financial background and details his experience taking over a struggling, 150-year-old theatrical licensing firm in 2011, engineering a major operational turnaround, and successfully selling it to the largest privately owned music licensing company in the world in 2019. Despite achieving an extraordinary wealth-creating event, Nate candidly shares his struggle with post-exit depression—a phenomenon backed by a PricewaterhouseCoopers study revealing that 75% of business owners profoundly regret selling their companies within a year. He explains how an unexpected injury led him to author a comprehensive exit-planning workbook designed to guide owners through the personal, business, and financial “legs of the stool” during a two-to-five-year exit runway. In this episode, you’ll hear about: The Emotional Toll of Selling: Why 80% of businesses that go to market fail to sell, and why the emotional friction triggers heavy overreactions for unprepared owners.Investing in the Right Advisors: The critical difference between standard accounting and a specialized M&A team (transaction accountants, M&A attorneys, and specialized wealth managers).The Liminal Period: Understanding the psychological phase between identity shifts, marked by feelings of confusion, uncertainty, and worthlessness.Prosperity vs. Well-Being: Nate’s personal shift from chasing personal prosperity to discovering that fulfillment only comes from structural personal well-being.Defining True Purpose: Why purpose is directly tied to being relevant to the lives of other people and serving something bigger than yourself. If you’re listening on your favorite podcast platform, view the full show notes here: https://thepearlcollective.com/s15e4-shownotes https://youtu.be/ErpFF1-lpE4 Episode Transcript Note: Transcript is created automatically and may contain errors. Click to show transcript GAIL DOBYWell, Nate, I’m so glad to have you here today. You have had the most interesting career from trading distressed debt on Wall Street to managing commercial real estate at private equity firms, turning around a theatrical licensing company. And I think you have a few more little tidbits you want to share with me too, so why don’t you go ahead and add to that? NATE COLLINSThanks, Gail. I’m so excited to be on this podcast. thank you for giving me the opportunity to speak to your audience. yes, so I have had a very circuitous career. It seems a little bit disjointed. However, at the end of the day, it has always done it has always been financially related. It has always been about investing money. And the two other ones that you mentioned. is after I sold that licensing company, that theatrical licensing company that you discussed, and we’ll discuss that later, I then went on to work at a hedge fund and now I work in wealth management. So yes, you know, always in the financial field. But you may say, wait a second, theatrical licensing, how is that finance? That that sounds like theater. Well, ultimately the real business was entering into agreements with the rights holders, the intellectual property rights holders, and entering an agreement to be a licensing agent on their behalf. And the way that it worked was very similar to real estate investment. We’d pay the the the rights holder up front a large amount of money and then once we had that that the rights to license that property similar to the right to our If you own a busin if you own a a building, you lease it out. In this case, we licensed the property out for a specific amount of time and we try to maximize our return on investment by optimizing those licenses. GAIL DOBYInteresting. Well, you’ve also been a business owner, then that was before you were an a a financial advisor to them. And so how did that help you, eventually selling that theatrical licensing company? NATE COLLINSYes. So I that was such a wonderful such a wonderful chapter in said circuitous career that I’ve had. And I really loved running a business. I really enjoyed operating a business. The the licensing company I took it over in two thousand eleven. It was almost gosh, two hundred and fifty years old. I’m sorry, a hundred and fifty years old. Not older than this country. A hundred and fifty years old. and when I when I took it over in two thousand eleven, it was a real turnaround story. It had just been poorly managed for decades, but with some some exceptional luck and a great team, we were able to turn it around and become one of the most dynamic companies in the industry. And we ended up selling it in two thousand nineteen for a a just more than we had ever expected. And it was it was a lot of fun. Obviously, like any business, I I had a lot of sleepless nights. So that experience ...
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