When you own a business and are preparing to sell, a big part of your focus is probably on the endgame. What are you going to do with all of that capital? Buy a huge boat? Start a collection of sports cars? If you want to continue the entrepreneurial spirit, as we suspect many of you do, you can buy or invest in another business.

I just sold my business, why on earth would I buy another?

It may surprise you to hear this, but many former business owners jump right back into business ownership soon after they sell. Let’s face it, entrepreneurs are a special breed, and the fact that you work for yourself and decide your own fate everyday is what drives you. Re-entering the 9 to 5 or sitting idle in retirement probably doesn’t sound very appealing to you. Perhaps what you need is a change of business location, or perhaps a different industry all together.

If you are getting ready to sell, ask yourself “If I had to buy another business, what kind of business would I buy?”. If you find your answer to that question very appealing, then perhaps another business is for you. Ask your business broker about what kinds of businesses are currently available in areas you find interesting.

I sold my business to retire, there is no way that I want to work those hours anymore!

If you don’t find the exercise of considering owning and running another business appealing – then instead you can make a very big impact on the entrepreneurial community in your area, stay active enough to quell your own entrepreneurial drive, and share the wealth of knowledge you’ve gained as a business owner over the years. How? You can become an investor.

Think back to your younger-new-business-owner self. You would have done anything to have today-you as a mentor and investor, right? Talk with your business broker about what kinds of investment opportunities are out there. You can be a silent partner, a part-time owner – the depth of your involvement is entirely up to you. The place you call home will benefit greatly from your continued contribution to the small business community.

Are you a seller who is curious about investing? Do you want to know what industries are available to buy in your area? Ask us! Please leave a comment or question here, and we will be happy to help.

Michael Monnot

941.518.7138
Mike@InfinityBusinessBrokers.com