Blog

I Hear Retirement is Treating You Well

By January 8, 2018 No Comments
Photo by Igor Ovsyannykov

Photo by Igor Ovsyannykov

“So, how’s retirement treating you?”  I cannot even begin to tell you how many times I’ve been greeted by that phrase from various friends, colleagues, and acquaintances since selling my business three years ago.  It used to aggravate me given that upon leaving the buyer’s company after a few months of work, I started Sumus and have been growing that business ever since.  However, most people automatically assume that when one sells their business that they will retire, play golf, travel, or do something other than work.  I’ve given up trying to explain that I have not retired at all, and instead I simply nod my head and redirect the conversation.

Having worked with a number of businesses over the past few years, I find that we inevitably discuss a potential exit.  I have learned that to a business owner the biggest fear of selling is what the seller will do next.  In essence, they are fearful of being greeted by, “I hear retirement is treating you well.”  Hard charging business owners and entrepreneurs don’t want to be idle once their businesses are sold and that is why I am here to tell you that there is indeed life after selling your business.

In my case, I have Sumus.  I also teach an entrepreneurship course at a local high school, and I serve on boards of various businesses.  I have loaned and invested in real estate and have become more involved in philanthropic services.  I can honestly say that I am busier today than I was when I had my business.  If this is retirement, then great!  As we only have one life, does the seller really want to own his/her business for most it?
At Sumus, we help you run a better business, but our work does not stop there.  We also know what life is like after a sale.  If the public thinks I’m retired then so be it.  Don’t be afraid of the misconstrued thoughts of others because at the end of the day those thoughts are irrelevant.  There is an entire world out there with a lot of opportunity.  Go out and explore it, or simply go play golf.  It’s your choice, and we’re here to help and support you.

Jim Baker

Jim Baker

Sumus was founded by Jim Baker, an entrepreneur with 27 years’ experience bootstrapping and growing his business organically and through acquisition, to share his experience by providing advisory services around Board representation, Organization and Branding Strategy, Mergers & Acquisitions, Value enhancement and Exit strategy.