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Entrepreneurs Dot No Easily Retire

So you’ve successfully sold your business and have received enough money from the sale to become financially independent, no longer having to work for a living. That is a comfortable place to be, and it is one experienced by more and more people, especially in technology-based businesses.

Most successful sales of businesses, again especially in the technology arena, enrich younger entrepreneurs and stock-option holders who are under fifty years of age. Having interviewed many of these newly-rich alumni, I have found that most want to take time off for an indefinite time to think out their next move, which is not a bad idea. Some immediately start to plan their next venture. And some tell me that they will just retire, finding travel, coaching, teaching and a life of leisure their most attractive alternative.

I followed many of these stated retirees, and very few if any retiring entrepreneurs stay that way for long. Their lifestyles may change, sometimes dramatically, but for a driven entrepreneur, a full stop is difficult over time.

Just saying…

This article was originally published by Berkonomics

Published: December 2, 2013
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Dave Berkus

Dave Berkus is a noted speaker, author and early stage private equity investor. He is acknowledged as one of the most active angel investors in the country, having made and actively participated in over 87 technology investments during the past decade. He currently manages two angel VC funds (Berkus Technology Ventures, LLC and Kodiak Ventures, L.P.) Dave is past Chairman of the Tech Coast Angels, one of the largest angel networks in the United States. Dave is author of “Basic Berkonomics,” “Berkonomics,” “Advanced Berkonomics,” “Extending the Runway,” and the Small Business Success Collection. Find out more at Berkus.com or contact Dave at dberkus@berkus.com