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 shouldn’t have fear or anxiety to start again.
You have done it in the past, might take time to kick off but will happen
Maybe the new idea might be for a wider cause
You are right, I think that the problem is that I’m trying to do something completely different from what I used to do and this gives me anxiety because I don’t know if I’m moving in the right direction or if I’m wasting my time doing something that was doomed since the beginning.
I should probably do something similar to what I was doing before but improve it.
For example, having more traffic sources or multiple monetization strategies.