Women Who’ve Sold Their Business Series: Gail O'Rourke | E168

Leadership is Feminine

In the past 20 years, there has been a wave of women-owned businesses, and women selling those businesses. However, no one is really talking about it. In this mini series, host Kris Plachy is bringing women business owners on to talk about their experiences of selling their businesses.

In this episode of Leadership is Feminine, Kris talks with Gail O’Rourke. Gail shares her story of owning multiple businesses, and growing them from the ground up, and then selling. She takes us behind the scenes of that big sale – and everything she learned along the way. What it felt like keeping it under wraps, dealing with the legal hiccups along the way, and the bittersweet emotions that came with it. As Gail aptly puts it, "The sale of a business isn't just a transaction, it's a transformation."

Gail talks about what actually sold her business wasn’t the customers or profits she made, it was the process she created that made sales easy, from start to finish. She's big on process management and she attests that a well-oiled process is the secret sauce to business success, whether you're managing teams, training, or onboarding new employees.

Kris talks about how inspiring it is to see what women do after they sell their business. How divine it is when women have freedom to either create something again or invest time in making a difference. And that’s exactly what is next for Gail, who also talks about what she’s been creating with her latest endeavor, Benefact 4.

There’s a wealth of wisdom and inspiration packed into this episode. Tune in to learn more about Gail's remarkable journey on Leadership is Feminine.

Key Takeaways From This Episode

1. Gail O'Rourke's experience of selling a business: Setbacks and solutions during the sale process

2. Importance of structured processes in business management: Processes keep things simple when addressing training opportunities, onboarding new employees, and supporting staff

3. The need for business owners to take a step back as the business grows: Identifying what you want to do, and hiring staff for the rest

4. Influence of market conditions, pandemic impact, and industry changes on the sale of her business

5. Emotional implications of business selling: Concerns for employees after the close of the sale

6. Gail's life post-business sale: Shift in focus to philanthropy and volunteering and launching Benefact 4

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