... and my business is sold! Time to retire!

So ... just signed contracts on the sale of my business.

6 years of hard work = net proceeds to fund early retirement.

Any suggestions on what to do next?

Firstly vacation, then golf. Golf can take up a lot of time.. Find some hobbies for the winter though...

Originally posted by ExCommando
So ... just signed contracts on the sale of my business.

6 years of hard work = net proceeds to fund early retirement.

Any suggestions on what to do next?

Hey congrats! Make another business You'll probably get bored if you don't do something. Then again ............. LOL

Save the world...

I dunno..
why not help others who aren't so fortunate?


b

Gratz mate! Mind sharing what the business was or what it did for those of us who don't know who you are?

Hey everyone!

Hate golf - tried it a few times, way too frustrating!

Will be helping run a charity in India to help feed needy mouths.

Opening a new business which mentors aspiring young entrepreneurs, I started in business when I was 25, and learned most things the hard way!

Apart from that, moving abroad to a "cheaper" country, where we can live on the beach and raise our kids

Originally posted by Epirus
Gratz! Mind sharing what the business was or what it did for those of us who don't know who you are?

edit on 17-9-2012 by Epirus because: (no reason given)

The business is (I'm still running it for the next few months), a property based business - we advise clients on acquisitions, sales, managements etc.

I pushed the business very aggressively from inception, to the point that we are one of the most successful in our state - which has prompted a buy out from one of our major competitors.

I think moving away from Australia is a great idea.

I intend on moving to Indonesia or someplace like that. Hot chicks that dont expect too much and everything is cheap. Why would anyone want to stay here?

Originally posted by freemarketsocialist
I think moving away from Australia is a great idea.

I intend on moving to Indonesia or someplace like that. Hot chicks that dont expect too much and everything is cheap. Why would anyone want to stay here?

Haha I hear you.

I love Australia, but to really enjoy it I'd like to live on a beach (walking distance), which would either be super expensive, or super boring (boring = small coastal town)

Head to SE Asia - super cheap, awesome lifestyle.

Originally posted by ExCommando

Originally posted by Epirus
Gratz! Mind sharing what the business was or what it did for those of us who don't know who you are?

edit on 17-9-2012 by Epirus because: (no reason given)

The business is (I'm still running it for the next few months), a property based business - we advise clients on acquisitions, sales, managements etc.

I pushed the business very aggressively from inception, to the point that we are one of the most successful in our state - which has prompted a buy out from one of our major competitors.

Well good for you, congratulations. I can't imagine how you're feeling right now, you're hard work paid off and your future is open ended. Enjoy it!

You could become a super-hero like Captain Australia! Or, perhaps donate some gear to his cause. He's one character I really admire for his efforts. The world needs more Captain Australias

I'm in the same boat.

My advice:

Start another one.

I can't imagine doing nothing.

Peace

Originally posted by jude11
I'm in the same boat.

My advice:

Start another one.

I can't imagine doing nothing.

Peace

I'd travel as there are many places I wish to visit but haven't ever had the money to travel to. Then I'd build my dream home...then travel and see more of the world.

reply to post by jude11


Hi Jude - I sent you a message, hope you don't mind!

To elaborate:

I have recently lost over 125,000 and have just begun to come to terms with it.

With the World situation and economics, if you are in any position to just cash in and disappear...do it.

Many can't do it but I can and I understand you can as well. If you can...run. Seriously. DO NOT start another business unless you can do it with a minimal amount of investment. Please.

Peace

reply to post by jude11


I hope that loss was only a small % of the entirety.

I'm in the same position (somewhat), the value of the business is somewhat determined by the banks ability and willingness to expose themselves to risk - which means unfavorable finance terms which pushes down the offer.

It is annoying, but you're right - I'd rather cash in now, instead of seeing the world economic forecast drop further and the prospect of a sale becomes even tougher.

Rape pigeons.

Destroy the production of Styrofoam cups.

Originally posted by ExCommando
reply to post by jude11

 

I hope that loss was only a small % of the entirety.

I'm in the same position (somewhat), the value of the business is somewhat determined by the banks ability and willingness to expose themselves to risk - which means unfavorable finance terms which pushes down the offer.

It is annoying, but you're right - I'd rather cash in now, instead of seeing the world economic forecast drop further and the prospect of a sale becomes even tougher.

Nope,

I won't go into detail but the loss was 125% and I lost everything.

Now I'm climbing up again and will regain after another 6 months.

Hard, difficult, embarrassing and degrading.

But I'm gaining ground once again thanks to old fashioned ingenuity and sticktoitiveness,

That's it...That's all.

Peace

reply to post by jude11


Private message me if you like - I'm the master at innovation in business. Happy to offer any advice or insights that I can.