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Feeling lost/depressed after selling my business (multiple 6-figure exit) (alien.top)

submitted 2 years ago by Emerson_NBS@alien.top to c/entrepreneur@indiehackers.space

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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?

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[–] ProfessorKind5241@alien.top 1 points 2 years ago

I can recommend three solutions.

First, accept that your new venture failing is a real possibility just like your old one was. The only difference being that back then you had less to lose.
Second, create a MVP and instead of using your own money, get someone else to invest. This should ease your anxiety a bit.
Third, find a job in the domain other than the one you have a non-compete in. Find what kind of skills you can transfer across different industries.