What Happens After You Sell Your Business? Money, Identity, and Purpose |S4E8

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About this episode

Selling a business can create financial freedom, but it can also leave a founder without the work, structure, and purpose that defined everyday life. In this episode of Total Disruption, Michael Libercci and guest co-host Phil Masiello examine what happens after a business exit. Phil shares how different sales affected him, why one successful exit left him feeling unexpectedly lost, and how helping Energizer with direct-to-consumer work eventually became a new agency and a new direction. The conversation also covers the risks of reinvesting, the cash demands created by growth, and the true cost of outside capital. Michael and Phil discuss preferred shares, dilution, investor expectations,…