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?
Take yourself out of it and read your post. You’re missing the point. I think this is a very human time for you. It’s like an actor that thinks their sitcom isn’t enough then does movies and finds that’s not enough. You now know doing something valuable has its merits and benefits for mental health. But maybe take a vacation and reset. Dude. 100-500k? You fucking did it! Yeah new ventures are a new challenge but you’re more likely to succeed after succeeding once before. Be wise since you have something to lose. You don’t have to earn for a long time, start with sweat equity why not? Work wherever you want. Hit the beach after. Tackle your mental situation (depressive thoughts etc) and what you do and need to do come with ease. Don’t lose sight of the big picture. Crashes are super common when you attach yourself to a quest that is now complete. Makes you forget the world is in a constant state of flux and to accept it. You’re exactly where you need to be just take a step back and come back even harder after a reset