Selling your business is a monumental achievement—congratulations! It marks the culmination of years of hard work, determination, and the journey from startup to a successful enterprise. But now comes the next important question: what happens next, and how do you envision the next chapter of your life unfolding?

In this series, we’ve guided you through every step of the process, from planning your exit strategy and adding value to your business, to negotiating a lucrative deal and defining your new pathway.

Now that the sale is complete, it’s time to consider your future. Exiting your business is not just about signing contracts and transferring ownership—it’s a transformative moment. It’s an opportunity to reimagine your purpose, whether it’s exploring retirement, pursuing a new venture, or giving back to the community.

As you reflect on your years of effort and success, think about how you want to spend your time, leverage your experience, and create a fulfilling new chapter. The possibilities are endless, and the next stage could be your most rewarding yet. Let’s explore the exciting pathways ahead together.

Selling your business is also a chance to rediscover yourself outside the demands of running a company. It’s a time to reflect on your personal goals, reconnect with passions you may have put aside, and prioritize what truly matters to you. Whether it’s embracing new challenges, spending quality time with loved ones, or pursuing hobbies and interests, this chapter is yours to shape. With the right planning and mindset, you can transform this milestone into an opportunity to live life on your terms and create a legacy that extends beyond your business achievements.

Here are five potential pathways to take when you’re selling your business

Retirement

After all these years of hard work and pressure, maybe it’s time to enjoy some well-deserved retirement? If you’re planning to retire and put your feet up, put some thought into factors such as financial planning, hobbies you might want to explore and travels you might want to go on – ensuring you have a comfortable lifestyle.

Invest in other businesses

If you want to keep some business interests alive, why not explore opportunities to invest in other businesses or new startups. This can provide a source of income and allows you to stay engaged in the business world, using your wealth of experience and management skill to guide other promising companies.

Start a new venture

If you’re itching to try another new business idea, why not use the profits from your sale to found a new business or venture. This might be a new private business, or even a social enterprise that reflects your current passions and interests. Having learned your mistakes first time around, you have the knowledge and experience to turn business #2 into another great success story.

Become a non-executive director (NED)

If you don’t want the hassle of being the boss, but want to keep your hand in, becoming an NED makes good sense. You can use your experience and expertise to contribute to the governance and strategic direction of other companies, while keeping your own business skills fresh and up to date.

Get philanthropic

Why not use your wealth and new-found free time to do something good for your community? Think about giving back to society through charity work, philanthropic activities or setting up a social enterprise. It’s a fulfilling way to make a positive impact while also giving you a challenge to get your teeth into.

Talk to us about planning your post-sale lifestyle

Talk to our team and share your post-sale plans. We’ll help you plan your lifestyle, design a wealth management strategy, and explore new opportunities. Whether you’re considering retirement, investing in other businesses, or starting a new venture, we’re here to support you. Call us at 1300 844 678 , email us at [email protected], or submit a contact form online to start shaping the next exciting chapter of your journey.

, , ,