Despite whatever degree of success you achieved with your business, it does not mean you may be prepared for your new life after selling your business.
The idea of selling the business, and leaving it, can create both sense of excitement, and maybe fear or sadness of what follows.
You should set goals for the phase of life that align with what makes you happy and avoids what makes you fearful.
Hopefully the sale of the business provides you with ample security since you will sell it once and need to make the money last.
The 3% rule suggests that you can withdraw 3% of well-diversified investment portfolio, year, without reducing the corpus.
The first step, is to talk about any issues, and what will change.
You do not need to invent the future, ions to your preferences. 5.
Keep calendar of your activities and where the time goes, and assess it.
From this, what should you prioritize going forward, or do you need to look for more, and more interesting, things to do..
Advice I've received includes spending time to get to know yourself first, figuring out what is fun for you and what makes you fearful and accepting that you may not have the control you once did..
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