You’re Not Done Yet: Second Act

I worked for 25 years. Hustled, broke my ass, failed and succeeded. Then I decided to sell my businesses in my mid forties. Awesome! Big wins, right? But I couldn’t just be “done”.

Here are three ideas or solutions for entrepreneurs who have sold their business and are unclear on what their next venture should be:

1. Take some time to relax and reflect. Selling a business is a major accomplishment, and it’s important to take some time to celebrate your success. This could mean taking a vacation, spending time with family and friends, or simply doing things that you enjoy. Once you’ve had some time to relax and recharge, you’ll be better able to think about what you want to do next.

2. Do some soul-searching.What are your passions? What are you good at? What do you want to achieve in your next venture? Taking some time to reflect on these questions will help you narrow down your options and identify the right next step for you.

3. Talk to other entrepreneurs.There are many other entrepreneurs who have been in your shoes. Talking to them can give you valuable insights and advice. They can share their experiences, offer guidance, and help you connect with other resources.

Here are some additional tips for entrepreneurs who are looking for their next venture:

1. Don’t be afraid to take risks. Entrepreneurship is all about taking risks. If you want to achieve something great, you need to be willing to step outside of your comfort zone.

2. Be persistent. Entrepreneurship is not easy.There will be setbacks and failures along the way. But if you’re persistent and keep learning from your mistakes, you will eventually succeed.

3. If you didn’t have fun the first time, now is your chance. Have fun! Entrepreneurship should be enjoyable. If you’re not having fun, you’re less likely to be successful. So find something that you’re passionate about and that you can see yourself doing for the long term.

I hope these tips help you on your journey to your next entrepreneurial venture. Good luck!

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Rob Basso is a recognized small business expert, successful business owner and entrepreneur.

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