In this follow-up episode, Jered and Joel continue the discussion on how Jered sold his plumbing business for $5 million, diving deeper into the final stages of the sale and the transition that followed. Jered shares insights on navigating the due diligence process, where buyers closely examine the business's financials, customer base, and operations. He explains how he prepared for this scrutiny and ensured his business was in top shape. Jered also talks about the emotional side of selling a business he built from the ground up, discussing the challenges of letting go and the excitement of moving on to new opportunities. Joel asks about Jered's post-sale life, exploring how Jered reinvested his profits and the lessons he learned from the entire experience. This episode offers valuable advice for business owners considering selling their companies and those curious about life after a successful exit.
