Chapter 16. Getting a second life
The deal is signed, the ink is drying and the lawyers and accountants have long since gone home. You've sold your company, you're considerably richer and a new phase of life has started. What happens next? The first step could well be that round-the-world trip you've always promised yourself, but what then? Entrepreneurs are seldom happy sitting around doing nothing, even if they have the wealth to do just that. So what are your options for a second life?
LIVING WITH AN EARN-OUT
The first thing that has to be said is that in very many cases the founder doesn't simply say goodbye to the business.
For instance, if the business you are selling is relatively young (say it's operated for up to five years), historical ...