So, you’ve gone and done it – sold your business, and now you’re sitting pretty on a pile of cash.
First, crack open the bubbly and pat yourself on the back. You’ve earned it! But once the fizz goes flat, you’ll be scratching your head about financial planning after selling a business. Don’t worry. We’ve got your back.
Table of Contents
Financial Planning After Selling a Business
Okay, let’s get down to brass tacks and suss out your choices. Keep in mind, we’re not talking about a universal solution here. What’s sauce for the goose isn’t always sauce for the gander, if you catch my drift. Your mate from the pub might be raving about his latest investment scheme, but that doesn’t mean it’ll float your boat.
Everyone’s financial situation is as unique as a fingerprint, so we need to tailor a plan that fits you like a glove. Ready to dive in and explore what might work best for your newfound wealth? Let’s crack on and see what tickles your fancy.
Take a Breather (But Not for Too Long)
First things first, give yourself a moment to breathe. You’ve just climbed a mountain, and it’s okay to enjoy the view. Take a short holiday, buy something nice, but don’t go overboard. The real work is about to begin.
Assemble Your Financial A-Team
You wouldn’t have built your business without expert help, so don’t try to manage your newfound wealth alone. Get yourself:
- A top-notch accountant
- A savvy financial advisor (not one on a commission)!
- A sharp-as-a-tack solicitor
They’ll help you plan the choppy waters of high-net-worth financial planning.
Diversify Like Your Wealth Depends on It (Because It Does)
Remember the old saying about eggs and baskets? It’s time to put it into practice. Consider spreading your wealth across:
- Stocks and bonds
- Property
- New business ventures
- Private equity
- And maybe even some of those newfangled cryptocurrencies (but tread carefully)
Think About Your Next Act
Just because you’ve sold doesn’t mean you’re done. Many entrepreneurs find themselves itching to get back in the game. Whether it’s starting a new venture, angel investing, or mentoring the next generation of business owners, keep your mind sharp and your skills honed.
Plan for the Taxman's Visit
Sorry to be a buzzkill, but the taxman cometh. Make sure you’ve set aside a hefty chunk for capital gains tax. Your accountant will be worth their weight in gold here.
Give Back (It's Good for the Soul and the Wallet)
Consider setting up a charitable foundation. It’s a great way to make a difference and can have some nice tax benefits, too. Win-win!
Don't Forget About Your Golden Years
Retirement might seem like a foreign concept to a go-getter like you, but trust us, Future You will thank Present You for beefing up that pension pot.
A Word from the Wise at Property Saviour
Now, if you’re looking at property investment (and let’s face it, who isn’t in this market?), we might have just the thing for you. We’re not talking about becoming a hands-on landlord dealing with blocked toilets at 2 am. No, we’re talking about sophisticated property investment opportunities for people who know their stuff.
If you like the sound of the property but not the headaches, we might have just the thing.
We are seeking sophisticated investors to participate in our property trading venture. This opportunity is only suitable for certified high net worth individuals or sophisticated investors as defined by the Financial Conduct Authority.
Our strategy involves acquiring and trading residential and commercial properties to generate returns. We anticipate holding periods of 6-24 months per property. Target returns are not guaranteed, and capital is at risk.
Investors would provide loans secured against specific properties. The minimum investment is £100,000. The funds would be used solely for property acquisition and improvement costs.
This is an unregulated collective investment scheme. Your capital is at risk, and returns are not guaranteed. Past performance is not indicative of future results. The value of property investments can go down as well as up.
Please consult an independent financial advisor before investing. This is not a regulated financial promotion and has not been approved by an authorised person.
The Bottom Line
Managing your post-sale wealth is a marathon, not a sprint. It’s about making smart, strategic decisions that will benefit you and your family for years to come.
So, take a deep breath, surround yourself with good advice, and start planning your next move. After all, you’re not just a successful entrepreneur anymore – you’re a capitalist now, darling. Time to make that capital dance!
And if you fancy a chat about making your money work harder in the property market, give us at Property Saviour a bell. We promise we won’t bore you with property jargon… well, not too much anyway!
Wanted: Straight Shooters and Good Eggs - Our Kind of Business Partners
Listen up, because this might save us both a lot of time and hassle. We’re not just after any Tom, Dick, or Harry to work with. We’ve got standards, and they’re higher than a giraffe’s ears.
First off, we want decent human beings. You know the type – the ones you’d happily grab a coffee with after a long day’s graft. We’re talking about people who don’t turn into raging bulls when the printer jams or the Wi-Fi goes on the blink. Cool as cucumbers, that’s what we’re after.
Professionalism is a must. If you’re the sort who thinks “on time” means “half an hour late” or you’ve got a habit of vanishing like Houdini when there’s work to be done, then sorry mate, you’re barking up the wrong tree.
Now, here’s the real meat and potatoes of it all – we’re sticklers for honesty, transparency, and integrity. If those words make you feel like you’ve just bitten into a lemon, then we’re probably not going to gel. But if they make you think, “Finally, someone who gets it!”, then we might be cooking with gas.
We’re not just paying lip service to these values, either. While every Tom, Dick, and Harry out there is banging on about how honest they are, we’re actually walking the walk. No smoke and mirrors here, just good old-fashioned straight talking.
So, if you’re sitting there thinking, “Blimey, these sound like my kind of people,” then give us a tinkle. We might just hit it off like bread and butter. And even if we don’t end up best mates, we could still have a cracking business relationship. After all, that’s what we’re here for, isn’t it?
Property Saviour Price Promise
- The price we’ll offer is the price that you will receive with no hidden deductions.
- Be careful with ‘cash buyers’ who require a valuation needed for a mortgage or bridging loan.
- These valuations or surveys result in delays and price reductions later on.
- We are cash buyers. There are no surveys.
- We always provide proof of funds with every formal offer issued.
We'll Pay £1,500 Towards Your Legal Fees
- No long exclusivity agreement to sign because we are the buyers.
- You are welcome to use your own solicitor.
- If you don’t have one, we can ask our solicitors for recommendations.
- We share our solicitor’s details and issue a Memorandum of Sale.
Sell With Certainty & Speed
- Our approach is transparent and ethical, which is why sellers trust us.
- 100% Discretion guaranteed.
- If you have another buyer, you can put us in a contracts race to see who completes first.
- Complete in 10 days or at a timescale that works for you. You are in control.
