As the title suggest: What career did you pursue after running/exiting a business.
I’m 26 and fortunate enough to run a profitable consulting business since I was 21, however i’m experiencing burnt out and slowly losing my passion as time goes by. My salary is around $140k/year and I live a pretty frugal lifestyle. Now my biggest concern is the sustainability of the business and fluctuations of income if my end goal is to start a family by age 32, with the added responsibilities & commitment - my plan is to slowly deviate from the business and pursue a career path that is more secured and predictable. I would like to get involved in tech startups or into private equity. A little more context, I never worked corporate before and I have a degree in marketing & finance.
So here are my top 3 options so far and I would like to hear everyone’s suggestions:
Option 1 - Start using some of the profits of the business to pursue my MBA and prep for the GMAT exam. Hire a co-operator to delegate to and buy back some time. Still run the business for another 5 years without much involvement.
Option 2 - Run the business and go full scale for another 3 years - focus on increasing multiples. Have an exit plan in place that’ll make selling the business feasible. Take the proceeds from the exit and work for a startup for the experience rather than the pay.
Option 3 - Run the business as is but work part time at a startup as a project manager to add to my resume in the meantime.
It’s honestly scary to think about the future, would really appreciate as much advice or feedback as possible. Thank you!