There is this little thing called retirement. It is held up as the prize for a life well lived with time and resources left to enjoy. Not everyone wants life’s golden parachute. Some prefer to work all the way up to the end. They never want to slow down. They always want to be in the mix. Those who have risen to the top of their field don’t necessarily look forward to the day when they are no longer in charge. Being in the middle of things and riding the wild wave is what gives their life meaning.
Then, there’s you. Your goal might be to get out of the rat race as early as you can and spend as much time with your family and money as you can, while you can. The most interesting things to do in life still on your list have nothing to do with business, work, or making money. You want to see the world, have a few adventures, and tend the farm. You are ready to cash out and find the sunset where you will eventually head off into. This is how you get out gracefully and move on to the next adventure:
Get Top Dollar for the Sale
Walking away from a business without selling it for a good price is as unthinkable as walking away from a house without getting a good return on your investment. Make no mistake about it: Your business is not just something that supports you and your family during the time you have the business. It is a lifelong investment that can be cashed out just like a whole life insurance policy. The only question is how best to cash it out.
You already know you can sell your retail business ventures. You might not have been aware that you can also find people to buy Amazon FBA business ventures. Though based on Amazon services and infrastructure, it is still your business. You have built up that business to be more valuable now than when it was started. That is like equity in a home.
In the case of your business, you have equity. You don’t have to go through a lengthy process to find a buyer and negotiate a deal. You can close the deal in as little as 45 days. If you are ready to walk away from your business and enjoy the next phase of life, don’t just get rid of it in a fire sale. And don’t go through years of headaches finding the perfect buyer. There are better options available for you to get a profitable return on your life’s work.
Tie Up Loose Ends
Is it time to get off the investing roller coaster? Are you tired of waiting around to learn the next lesson Covid has in store for you? You are not wrong for seeking an off-ramp. If you have been considering retirement, now is an excellent time to actualize that consideration.
What you want to do before leaving the business world is simplify your life. There are a lot of strands to untangle when moving away from business. You need to work with an accountant to make sure your tax responsibilities are taken care of. You need to give your employees plenty of time to find new work and prepare personalized, glowing letters of accommodation. If you don’t want to deal with complications later, tie up all the loose strands in advance so that you can put it all behind you.
Start Something New
There is a good case to be made against early retirement. The biggest danger is not retiring from business, but retiring from meaningful endeavors. Don’t walk away from your business to sit in a rocking chair. Never put a rocking chair on your porch. You still have things to do.
You can walk away from the rat race without walking away from meaningful pursuits. This is the time in your life when you are free to try something new without needing to worry about it being profitable. You can do something just because it is important to you. That is the perfect exclamation point to a life well lived.
It is different for everyone. When it is time for you to walk away, you’ll know. Just be sure to get the best possible return from your business investment. Tie Up Loose Ends. And start something new.