Entrepreneur

0 readers

1 users here now

Rules

No Personal Attacks - criticism of ideas is allowed, attacking people is not.
Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.

Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.

founded 1 year ago

MODERATORS

communick@indiehackers.space

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

submitted 11 months ago by Emerson_NBS@alien.top to c/entrepreneur@indiehackers.space

40 comments fedilink hide all child comments

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?

you are viewing a single comment's thread
view the rest of the comments

[–] Macro_Mtn_Man@alien.top 1 points 11 months ago (2 children)

Count your blessings, I sold mine (51%) for $12M cash and netted negative $800K due to litigation and lawyer fees.

[–] gmdmd@alien.top 1 points 11 months ago

😢

load more comments (1 replies)