Notices

Sold my business...

Old 10-21-2020, 07:53 PM
  #1  
Admirals Club Admiral's Club Member
Thread Starter
 
Join Date: Sep 2019
Location: NE FL
Posts: 706
Received 514 Likes on 256 Posts
Default Sold my business...

Sold my business and now I'm wondering what I should do next. I'm 48, not ready to retire, and want to start another business but I'm drawing a blank as to what I want to do. I love developing products. The branding, marketing, landing distribution, trade shows etc. but in these uncertain times it seems a bit risky and travel is a pain in the ass. Anyone got any good ideas?
Old 10-21-2020, 07:55 PM
  #2  
Senior Member
 
Join Date: Jul 2005
Location: Texas..
Posts: 6,250
Received 1,281 Likes on 685 Posts
Default

Easy Freeman clones
Old 10-21-2020, 08:01 PM
  #3  
Admirals Club Admiral's Club Member
 
Join Date: Apr 2011
Posts: 2,652
Received 1,173 Likes on 610 Posts
Default

The world has changed pretty dramatically in the past 6 months. A lot of traditional businesses will have trouble going forward. Look at how people are spending money and develop something to leverage off it,
Old 10-21-2020, 08:13 PM
  #4  
Admirals Club Admiral's Club Member
Thread Starter
 
Join Date: Sep 2019
Location: NE FL
Posts: 706
Received 514 Likes on 256 Posts
Default

Originally Posted by duke460 View Post
The world has changed pretty dramatically in the past 6 months. A lot of traditional businesses will have trouble going forward. Look at how people are spending money and develop something to leverage off it,
Lol I've got a couple friends who made millions making hand sanitizer and importing masks. That ship has sailed and I also know a couple guys who can't get rid of thousands of gallons of hand sanitizer.
Old 10-21-2020, 08:27 PM
  #5  
Senior Member
 
Join Date: May 2014
Location: Wendell, NC
Posts: 2,876
Received 5,890 Likes on 2,760 Posts
Default

Originally Posted by Lifeislarge View Post
Lol I've got a couple friends who made millions making hand sanitizer and importing masks. That ship has sailed and I also know a couple guys who can't get rid of thousands of gallons of hand sanitizer.
This further proves that I have the wrong friends.
Old 10-21-2020, 08:30 PM
  #6  
Senior MemberPLEDGERPLEDGERCaptains Club Member
 
Join Date: Sep 2004
Location: ATL & SAV
Posts: 12,363
Received 2,003 Likes on 989 Posts
Default

Originally Posted by Lifeislarge View Post
Sold my business and now I'm wondering what I should do next. I'm 48, not ready to retire, and want to start another business but I'm drawing a blank as to what I want to do. I love developing products. The branding, marketing, landing distribution, trade shows etc. but in these uncertain times it seems a bit risky and travel is a pain in the ass. Anyone got any good ideas?
Congrats. Take some time before you leap into another venture. Let the dust settle on 2020 and see what the landscape looks like then.
Old 10-21-2020, 08:44 PM
  #7  
Admirals Club Admiral's Club Member
Thread Starter
 
Join Date: Sep 2019
Location: NE FL
Posts: 706
Received 514 Likes on 256 Posts
Default

Originally Posted by Tireless View Post
Congrats. Take some time before you leap into another venture. Let the dust settle on 2020 and see what the landscape looks like then.
The ink is still wet and I'm already chomping at the bit. I'll spend some time finishing my boat restoration but don't do well with idle time. I'll at least wait till after the election, who knows WTF is going to happen after that shitshow.
Old 10-21-2020, 08:53 PM
  #8  
Joe
Senior MemberCaptains Club Member
 
Join Date: Mar 2001
Location: SC
Posts: 17,249
Received 1,349 Likes on 758 Posts
Default

Originally Posted by ono loco View Post
Easy Freeman clones

Why bother with building them..just buy, hold and then sell build slots for twice the original price.
Old 10-21-2020, 08:58 PM
  #9  
Admirals Club Admiral's Club Member
Thread Starter
 
Join Date: Sep 2019
Location: NE FL
Posts: 706
Received 514 Likes on 256 Posts
Default

Originally Posted by Joe View Post
Why bother with building them..just buy, hold and then sell build slots for twice the original price.
I can get top quality build slots made in China really cheap. LMK how many you need, low MOQs.
Old 10-21-2020, 09:03 PM
  #10  
Joe
Senior MemberCaptains Club Member
 
Join Date: Mar 2001
Location: SC
Posts: 17,249
Received 1,349 Likes on 758 Posts
Default

Originally Posted by Lifeislarge View Post
I can get top quality build slots made in China really cheap. LMK how many you need, low MOQs.
They aren't Freemans
Old 10-21-2020, 09:03 PM
  #11  
Admirals Club Admiral's Club Member
 
Join Date: Apr 2006
Location: Tampa
Posts: 280
Likes: 0
Received 399 Likes on 178 Posts
Default

Let me cut to the chase. If you are asking here, you have two choices: Invest proceeds of sale in hookers and blow or open a wedding venue.
Old 10-21-2020, 09:14 PM
  #12  
Joe
Senior MemberCaptains Club Member
 
Join Date: Mar 2001
Location: SC
Posts: 17,249
Received 1,349 Likes on 758 Posts
Default

Originally Posted by jocko View Post
Let me cut to the chase. If you are asking here, you have two choices: Invest proceeds of sale in hookers and blow or open a wedding venue.
Lets just be brutally honest about the whole thing, I think we all know its not about "what will I do next", its really about "look at me I sold my business".

Srsly..no one on here can tell the OP what, if anything he should do next.
Old 10-21-2020, 09:25 PM
  #13  
Admirals Club Admiral's Club Member
 
Join Date: Apr 2006
Location: Tampa
Posts: 280
Likes: 0
Received 399 Likes on 178 Posts
Default

Originally Posted by Joe View Post
Lets just be brutally honest about the whole thing, I think we all know its not about "what will I do next", its really about "look at me I sold my business".

Srsly..no one on here can tell the OP what, if anything he should do next.
Right. Because if any of us have a sure thing business opportunity we will share it with him on this platform. Just because.

I think this could be classified as a humblebrag, just like the guy with shit in his bilge. Made sure to point out that the shit was in the bilge of his 34 Freeman. Like that matters.
Old 10-21-2020, 09:28 PM
  #14  
Admirals Club Admiral's Club Member
Thread Starter
 
Join Date: Sep 2019
Location: NE FL
Posts: 706
Received 514 Likes on 256 Posts
Default

Originally Posted by Joe View Post
Lets just be brutally honest about the whole thing, I think we all know its not about "what will I do next", its really about "look at me I sold my business".

Srsly..no one on here can tell the OP what, if anything he should do next.
Sure, I’m happy and relieved that it’s done but there’s some savvy and successful entrepreneurs here that might have some insight that is beyond my short view. Like it was said already, strange times we’re in. If there was no Rona and I knew Trump was going to get another four years I’d probably have a much easier time investing in a new project. I don’t believe that this is in fact the “new normal” so gearing something towards seclusion and death prevention doesn’t sit well.

And I didn’t say I sold my business and now I’m rich, just that I want something to do and I’m open to suggestions.
Old 10-21-2020, 09:30 PM
  #15  
Admirals Club Admiral's Club Member
 
Join Date: Jun 2013
Posts: 271
Received 173 Likes on 101 Posts
Default

Screw some off the bullchit above ..

I say congrats for working hard and crossing THAT finish line ..

Wait till this passes and get on with the next adventure , It will present itself .

Finatic
Old 10-21-2020, 10:01 PM
  #16  
Senior Member
 
Join Date: Oct 2016
Location: S Florida
Posts: 245
Received 216 Likes on 95 Posts
Default

Go mow grass at a golf course for beer money.
Old 10-21-2020, 11:05 PM
  #17  
BSL
Senior MemberCaptains Club Member
 
Join Date: May 2006
Location: Clearwater, FL
Posts: 983
Received 238 Likes on 129 Posts
Default

Start a Cemetery.
Old 10-21-2020, 11:18 PM
  #18  
Senior Member
 
Join Date: Jul 2020
Location: SWFL
Posts: 220
Received 138 Likes on 75 Posts
Default

Take some to yourself, keep your powder dry and your eyes open. Opportunities and ideas will come along and you'll be ready.
Old 10-22-2020, 04:53 AM
  #19  
Admirals Club Admiral's Club Member
 
Join Date: Apr 2008
Location: Hunt Valley MD
Posts: 475
Received 229 Likes on 108 Posts
Default

What are your interest and what are your talents How much capital are you willing to gamble are we in the range of a snowball stand or competing with Amazon
Old 10-22-2020, 05:16 AM
  #20  
Admirals Club
 
Join Date: Jun 2007
Location:
Posts: 4,986
Received 1,073 Likes on 531 Posts
Default

Pm Sent

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2018 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.