What to do after you sell your startup?
10 Things You Do After Your StartUp is Acquired.
- Said goodbye to competitor.
- Visit Africa.
- Buy a bunch of stuff you’ve always wanted (obviously).
- Buy your (ex)employees things that make them happy.
- Throw fun parties.
- Or have dinner with celebrities.
- And have a real convo with your childhood idol.
- Retire your parents.
What do people do after they sell their business?
During this time it is typical for post-sale entrepreneurs to explore the arts, government, teaching, mentoring, non-profit and for-profit boards. They may return to old interests or learn something new. Starting a new company and angel investing also seem to be common next steps.
How do I prepare my startup sales?
15 Ways to Prepare for Selling Your Company
- Grow your profits. Focus on ramping up net revenue and profit.
- Button up your books.
- Set up a revenue juggernaut.
- Address any skeletons in your closet.
- Put together a 3-year financial projection.
- Focus on sales and growth.
- Create a SWOT analysis.
- Increase your visibility.
Do you have a ‘life after business’ plan?
In fact, only 4\% of business owners have a formal, written “life after business” plan — a testament to the lack of post-sale preparation and thoughtfulness endemic in the entrepreneurial mindset. This should come as no surprise. Many business owners lack the time to engage in outside hobbies and interests.
What are Your Startup’s exit opportunities?
Unless you’re one of the lucky few who start and take a company public in an IPO, the other option for a successful “exit” from that business is to sell it. This exit opportunity is especially important for startups that raise venture capital. VCs are duty-bound to return capital to their investors — hopefully with more than they started with.
What kind of stock does a startup owner receive?
As we’ve mentioned in earlier installments of this series, startup investors receive so-called “preferred” stock, whereas employees and founders receive common stock.
How can I prepare for the sale of my home?
Choosing a single community activity to participate in, one new skill to learn and organizing an extended family vacation could be a viable start. Simplicity is key, yet there must be enough activity to maintain a degree of the structure, routine and intellectual stimulation that was present in life before the sale.