Sold my company

Hi,

I was trawling the internet and found this forum. I found alot of the posts mirrored some of my experiences, especially in the failure and success areas.

Anyway, a bit about me:

I'm 27 years old and am looking at retiring in the next few months to concentrate on the things I love. My familiy, the charities I support, and finally relaxing will be my primary goals. I've gone through some good years and hard years since I started this path at 15, which is investing into dot-coms after selling my own website in 2000. But that's a story for another day.

I am fortunate to have enough personal wealth put aside outside my investments to settle down and ignore them for the rest of my life, especially after selling my company late last year. Currently however, many of my active investments are not doing well. I've been in a trench warfare mindset recently that things could turn around with them. Just one more month, one more month. Up until a few weeks ago I was at risk of pumping huge amounts into these companies and hoping for the best. A risk I've made before, and lost.

In my head I was still the guy trying to "make it", risking it all. A frank discussion with my familiy and friends has eventually made me realise that risking my future to make more money isn't going to get me anywhere. It was hard to get past that mindset, and boy am I glad I've done it! Working 60 hour weeks for what? Double or nothing? I'll take what I've got thank you very much. So i've decided to pull out and enjoy life more than I have been for the past stressful couple of years. I'll maintain my existing share in the companies but will withdraw from a role in them, and halt any further investment. If they're worth investing in, it can be someone elses burden. Investments will always be a part of my life, as that's the way I work. But from now on I'm low risk all the way!

Anyway, heres to living life to the full! I'm sure I will be chatting amoungst you soon.

Congratulations and welcome to the forum, what kind of company did you sell? Another website? Sounds like a Fastlane success story!!

welcome! we can't wait to hear your success story. I'm yet to experience this, but I have often heard that it's the bane of the entrepreneur. Once you start, you can't stop or rather it's really hard to stop. Never heard of a one shot entrepreneur but sure have heard of plenty serial entrepreneurs. look foward to hearing your stories and knowledge. welcome again!

Welcome. I love to hear story like this. It's motivational.

Success? Possibly. It's had just as many ups as it did downs... I've seen sense though and decided to end it on a high. Everytime I hit a low I thought "If only I'd stopped", and aimed to get back to the highs again. And once I got there? Yup, I continued on until the inevitable low. The lows weren't always monetery, but with working 100 hour weeks sometimes stress, sleep deprivation and lack of life can seem lower than low.

The company I sold was a piece of market segmenting software I developed for e-commerce companies, and the associated consultancy that went with it.

Wow, this is a nice story. "enough personal wealth put aside outside my investments to settle down and ignore them for the rest of my life".

For anyone interested in how I made it I wrote a bit about myself and posted in the "Fastlane Multi-Millionaire Stories" forum.

Here's a link:
http://www.thefastlanetomillions.com...-new-post.html

i hope i achieve the exact same thing by the time im 27 ! great story!

Just found this thread, wow, you're only 1yr older than I, yet you've already done so much more!

Congrats and welcome to the Fastlane!

Best of all, I think the biggest success you've achieved has nothing to do with the money, but everything to do with realizing what's most important- family, friends and enjoying life, which is of course the reason most of us(myself included) strive for the financial goals

Well, congratulations LondonLife.
When I had your age I was just 2 years out of university, had a challenging job in R&D and wasn't even thinking about getting into business and achieving financial freedom.
Although I learned a lot and enjoyed the jobs that I held, I wish I had started to focus on entrepreneurship much earlier in my life.

Good luck.