You’ve Just Sold Your Business: Now What?

The transition into a new phase of life after selling your baby can be difficult, especially if you were reluctant to sell, but here’s how to refocus.

A business owner looks thoughtful while sitting at a table and using a laptop.
(Image credit: Getty Images)

After years of caring for, making personal sacrifices, building your team, instituting workflows and processes, burning the candle at both ends day after day, the time has come where you have sold your business. It feels like you just sold your baby.

Many thoughts and emotions may be circling your mind like a shark circling its prey. It is critical that you are not captured by the shark-like thoughts and that you focus your time and attention on your future. Focusing on your past and those decisions that you cannot change can and will create angst that you simply do not need to complicate your frame of mind. Take this time to focus on your new chapter.

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Dennis D. Coughlin, CFP, AIF
Partner, CG Capital

Dennis D. Coughlin, CFP, AIF, co-founded CG Capital with Christopher C. Giambrone in 1999. He has been in practice since 1996 and works with individuals nearing retirement and those whom have already retired. Proud of his humble upbringing, Dennis shares his advice with the same core principles that he was raised with. When not in the office, you will find him with his family enjoying the outdoors.