Now that you’ve successfully completed the sale, an important question arises: what comes next, and how do you envision the next chapter of your life? Let us now explore the potential directions your journey could take.
Exiting a business is a significant milestone. You have devoted years to transforming your enterprise from a start-up into a thriving operation, investing considerable time, effort, and dedication. Once the sale agreement is finalised and the funds are secured, finding a new challenge to fill the void of no longer being at the helm may become your next priority.
Five Potential Pathways:
- Retirement
After years of hard work and responsibility, it may be time to enjoy a well-earned retirement. Consider key factors such as financial planning, potential hobbies, and travel aspirations to ensure a comfortable and fulfilling lifestyle in this new phase. - Investing in Other Businesses
If maintaining a presence in the business world appeals to you, exploring opportunities to invest in other enterprises or start-ups may be ideal. This not only generates potential income but also allows you to leverage your experience to guide and support emerging ventures. - Starting a New Venture
For those eager to embark on a fresh entrepreneurial journey, the proceeds from the sale can serve as a foundation for launching a new business or social enterprise. Equipped with the insights gained from your previous experience, you are well-positioned to create another successful venture. - Becoming a Non-Executive Director (NED)
If you prefer to remain involved in business without the day-to-day responsibilities of leadership, serving as an NED could be a fitting choice. This role enables you to contribute your expertise to the governance and strategic development of other companies while keeping your business acumen sharp. - Philanthropy
Consider using your resources and newfound time to make a positive impact through charitable work or philanthropic activities. Establishing or supporting social enterprises can be a rewarding way to give back to the community while embracing a meaningful challenge.
While some former business owners relish the relaxation of retirement, others are eager to return to the entrepreneurial arena.
Our team is ready to support you in shaping your post-sale plans. We can assist with lifestyle planning, wealth management strategies, and identifying new business opportunities to help you make the most of this exciting new chapter.
