Factory of Good: Using Prosperity to Build a Lasting Impact - Alex Bean

Your Next: A Guide to Finding Fulfillment After Your Exit Hosted by Jerome Myers

When you reach the peak—exit your business and achieve financial freedom—what comes next? Alex Bean, co-founder of Divvy, shares his personal journey through the highs and challenges of “making it.” In this episode, he reveals the four stages that follow a major success—Honeymoon, Loss, Experimentation, and Reinvention—and offers a fresh perspective on using wealth for lasting impact.

Listen in as Alex and Jerome Myers discuss how money can amplify who we are and explore what it takes to build a meaningful legacy. Join us to gain valuable insights on transforming success into a powerful force for good.

[02:00 - 09:15] Understanding True Identity Beyond Career

• Building a personal identity separate from professional roles
• Recognizing the value of family, faith, and friendships
• Knowing the difference between who you are and what you do

[09:16 - 17:55] The Four Phases Post-Exit

• Honeymoon: The initial joy and freedom post-exit.
• Loss: Coping with feelings of purposelessness
• Experimentation: Exploring new interests to find meaning
• Reinvention: Discovering a new direction and purpose

[18:56 - 27:35] Lessons from Building and Selling Divi

• Reflecting on the growth and exit journey of Divi
• Leveraging business strengths to get the best deal
• Managing personal identity changes after the exit

[27:36 - 34:47] The Concept of a “Factory for Good”

• Using wealth and influence for positive societal impact
• Shifting the “factory output” from money to good
• Setting boundaries to prevent entitlement within family wealth

[34:48 - 38:26] Cultivating Independence and Purpose in the Next Generation

• Instilling financial responsibility through “The Bank of Mom and Dad”
• Encouraging self-reliance to prevent entitlement
• Building a meaningful legacy through community and family values

Key Quotes:

"We owe it to ourselves and our families to use success as a factory for positive change." – Alex Bean

"Money shouldn't be the only output. We should create an output that improves the human experience." - Jerome Myers

Connect with Alex!

Website: https://freshconsulting.com/

LinkedIn: https://www.linkedin.com/in/alexbean/

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Dreamcatchers is a welcoming group focused on personal growth rather than fitting into a specific demographic. It attracts a diverse crowd from various backgrounds and ages, united by the desire to achieve more. Learn more at https://exittoexcellence.com/

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