After selling my business – A wild rollercoaster ride!

Selling your business is an emotional rollercoaster ride
Up and down and round and round. It’s like an exciting rollercoaster ride!

It’s been a month since I jumped into a brand new chapter of my life after having sold my business and started a new career. It is also a month since I started this blog, which has proved to be a wonderful platform to get to know some really interesting people in the FI world. There are some very inspiring people out there!

Selling your business and embarking on a new career is like getting on a wild rollercoaster ride. It is exhilarating and scary and you sometimes feel like you are looping the loop, going around in circles. There are ups and there are downs, times when things are happening so fast they seem to be in a blur and you get a heady adrenaline rush and other times when things seem to be in slow motion. However totally changing my life was bound to be somewhat disorientating, so there’s no surprise there!

In the middle of all the craziness, however, there were a number of episodes that really brought home to me the fact that I have made the right decision, both on a personal level and for the whole team.

I will start with my personal experience. As I have written in previous posts one of the most difficult aspects of being an owner-manager of a business is the loneliness. Now that I am working in the newly merged entity, I am part of a team with colleagues who bring with them a breadth of experience that is totally different to mine as well as totally different perspectives and skillsets.

teamwork and cooperation lead to great results
Teamwork and cooperation are catalysts for great results!

Last week I was working on a complicated proposal and I decided to step back and discuss the offer with one of my new colleagues. And am I glad I did!

We discussed different scenarios and ended up taking a higher-level view of the client’s requirements, looking at the problem from a totally different angle. This led us to identify a creative solution which I successfully pitched to the client. It was a great collaboration and learning experience for me and really brought home the fact that my decision to take this path was the right one.

On the team level the signs are also good. Change is always difficult and it will take some time before the dust settles and people stop worrying about what lies around the corner. However it is becoming crystal clear that there are some wonderful growth opportunities for those team members who want to take their career to the next level and I can see that a number of them are starting to recognise that and are keen to prove themselves. It is very important to me that the whole team sails through this experience in a positive way and so far I think that we are on the right course.

On the FI front there has also been some good progress. As discussed in a post where I analysed our debt I decided to pay off a home equity loan we took out years ago. The decision to acquire a boat was not one of our wisest and it was nice to finally get rid of the loan, which was a constant reminder of our slip-up. Time to wipe the slate clean and move on.

In addition we have also finally concluded our investment plans and have slowly started executing. In the weeks to come I will be writing posts about our strategy, including the decision to operate two portfolios, a “traditional” one with a pick of stocks and bonds and a second one consisting of a mix of ETFs. I plan to compare performance over the coming years and base future investment decisions on the results, which I will of course share with you.

On a final note the blog is also off to a good start. I am really enjoying writing about my progress and it is very rewarding to log on the blog every day to discover that someone new has discovered SmellingFreedom.com and taken the time to read some of my posts.

earth-1195668_1280So far I have had visitors from 34 countries, ranging from the US and UK to Barbados, Latvia and Mozambique. It’s amazing to think that people all over the world are somehow landing on these pages!

So all in all the journey is off to a good start.

Author: Mrs Smelling Freedom

After selling my business my priority is consolidating my family's financial independence. I blog about Entrepreneurship, Financial Independence and living life to the full!

Leave a Reply

Your email address will not be published. Required fields are marked *