Sticky work situation - what would you do?

Okay, so I feel it's at a stage where I can disclose.
I'm in the process of selling the business to another enthusiast - a chap who's keen on taking it to the 'next level' and has plans in place to double the already eye-watering turnover in the next 3 years.

5 weeks until it all goes through - I'm going to be heading to Southampton for a 2 week handover period, then jetting off with the family just 5 days later to Florida (I offered a 'sweetener' on the price if we completed the sale before the holiday).
If anyone in Southampton fancies a beer, I'll be in Hythe and Lyndhurst for the first 2 weeks of August and free most evenings.

Going forward I'll be investing the sale proceeds in a couple of cheaper rental properties (I'm up North, so it's all fairly cheap) and also doing a 'big decorate' of my own house as it desperately needs it.
I won't go into exact figures, but it's enough to keep me ticking along for a few years and should help support a slightly more laid-back lifestyle. Not sure it's 'retire immediately' money though!
I'll also still be working part time for the business, producing their promotional material and pushing within the enthusiast fields (forums, Facebook etc) as that's my forte :)
 
Just a final update, all has been handed over now and the reins are firmly in his hands.
I'm staying on for the foreseeable to advise and help with customer contact, but for the most part I'm going to be stepping back from the day to day stuff.

It's bittersweet, the business will go from strength to strength I'm sure - but it's always hard letting go.
Off to Florida on Wednesday, so hopefully 2 weeks of screaming kids and nightmare humidity will take my mind off it!

Thanks again for all the help and advice OcUK gave in my hour of need.
 
Hello all, a blast from the past!
I thought given the support I've received in here I should post what will likely be one of the last updates - I actually stayed on working for the business and carved out a pretty useful role as business development manager while also working with suppliers etc (quite a few of them preferred to keep dealing with me, goodness knows why!)

Over the last few months I've been thinking about what I'd like to do in life going forward, and with these thoughts in mind (combined with some family changes that'll mean my time is required elsewhere) I've made the decision to fully leave the business aside from carrying out some basic marketing work under a flexible contract; probably no more than 8 hours per week.

It's certainly been a heck of a ride, and reading this thread back from the start brought up some real highs and lows from the whole experience.
One thing I would like to do is a full start-to-finish video about the founding, growth and sale of the business - I'll probably get around to that sometime in the 2030s given the amount of things I currently have up in the air... :D

A big thank you again for all of your input over the years - I absolutely adore the OcUK community and this thread is a perfect example of why.
Catch you all later,

Mat
 
You must log in or register to reply here.
Back
Top Bottom