Hey guys, I have recently sold my business for multiple 6-figures (between 100k and 500k) and now I’m feeling lost and almost a bit depressed.

I always thought that exiting a business would bring me joy but it was almost the opposite.

I find myself in a strange situation where I have enough money not to have to work for a bit, but not enough to retire, and at the same time since I don’t have any new money coming in, I found myself becoming extremely frugal.

I tried starting new projects but I often find myself getting discouraged because the project doesn’t start working right away. Additionally, since I’m venturing into something new that I’ve never done before, doubts start creeping into my mind.

Alongside these doubts, there is also the fear of investing a significant amount of money into this project, and after seeing it fail finding myself in the same financial situation I was in before the exit.

Can any of you relate to this situation? Do you have any suggestions?

  • MrKeys_X@alien.topBEnglish
    1·
    10 months ago

    Getting to your goal > achieving your goal. What you’re going thru is pretty common., so you are not alone.

    How long ago have you sold the company? And when does the non-compete ends? In what market? Maybe you can re-entree the market from another angle, so that you can build on your previous network and momentum.

    Put 60% into savings and/or a safe investment heaven. And use 20% as starting money for your new venture. Identify honestly what made the first comp. successful, and what not.

    Why did your previous projects fail? Too afraid to invest?

    • Emerson_NBS@alien.topOPBEnglish
      1·
      10 months ago

      That’s a really good point, I could invest 10k in the new project and see how it goes.

      I think that my past projects failed because I was doing something totally different from the skills that I built with the previous project, and I wasn’t giving them the necessary time to develop into profitable ventures.

      Also fear of investing capital and wasting money.

    • Gl_drink_0117@alien.topBEnglish
      1·
      10 months ago

      Was thinking similar. After non compete he can still build similar product. WhatsApp founder built Signal and there are many others I would think

    • Degen_Checkers@alien.topBEnglish
      1·
      10 months ago

      Getting to your goal > achieving your goal. What you’re going thru is pretty common., so you are not alone.

      This hits hard every time I beat the Mass Effect Trilogy… So I guess my advice to OP to fill the current void is to play the Mass Effect Trilogy. And then when they’re done with that, start a new business to fill the void in their soul beating Mass Effect leaves. Sell that business. Rinse-repeat.