“Slow Down to Speed up ” – Margalit Grunberger, founder of Gotcha Covered, an international wholesale linens company which she founded with a close friend and ran successfully for 20 years. Ultimately, she chose to sell to a strategic buyer in 2016 and move on to the next phase of her life.
Margalit has since transitioned to a business coach for entrepreneurs where she focuses on the mental fitness and the inner game of business and life. Her motto is “Coaching leaders on what matters most”. Often her coaching conversations focus on mindset, communication and emotional intelligence which were critical elements of her own exit.
Hear how she leverages neuroscience and the understanding of how our brains work to help overcome fear and anxiety which are common during high stress situations like a business exit.
She shares her story about how stressful the due diligence phase was and the importance of having emotional and mental tools readily available to help in the process. Specifically, she suggests 1) deep breathing which can alter our physical, mental and emotional state, 2) cultivating self-awareness to question your thoughts, 3) have a coach or mentor to talk to regularly, 4) create a moral support team to lean on and 5) take the time to learn how the brain works and how it will help owners better execute their exit plan.
Lastly, she shares her 2 action items for owners: