what would you do after selling your business?
By hereandthere
@hereandthere (45651)
Philippines
October 22, 2017 8:01am CST
i just remembered a survey that went like this:
if you had a sideline that became a very successful business, then someone bought it for a huge amount of money, what would you do next?
the options were:
retire immediately and enjoy life
start a new, but different business
go back to school/enrol in classes
work for someone else to fill the hours/avoid getting bored
devote yourself to charity
first, i would enjoy the money by traveling a bit, even if it's just to explore my own country.
then i would probably set up a small business and/or work part-time.
so that i can also have time to enroll in classes and do charity works.
of course, i would make sure i've paid my debts and have insurance and wills in place.
how about you?
23 people like this
25 responses
@SIMPLYD (90722)
• Philippines
22 Oct 17
@hereandthere No, i don't know enough actually. But my retired cousin fro Meralco who is a high official there does and she has lots of stocks that made her earn a lt of profits. I will ask her to teach me what stocks to invest.
3 people like this
@hereandthere (45651)
• Philippines
22 Oct 17
@SIMPLYD when did she start investing, while still employed?
2 people like this
@hereandthere (45651)
• Philippines
22 Oct 17
i think i'll divide the money into three banks. which stocks do you have in mind? do you know enough to invest by yourself?
4 people like this
@hereandthere (45651)
• Philippines
22 Oct 17
because you don't know how long the money will run.
1 person likes this
@MALUSE (69413)
• Germany
22 Oct 17
@hereandthere Of course, you should put some money in a bank and not spend it all.
2 people like this
@hereandthere (45651)
• Philippines
22 Oct 17
@MALUSE probably several banks. i don't think i'll ever learn how to invest in stocks, etc
1 person likes this
@hereandthere (45651)
• Philippines
23 Oct 17
you still have the travel bug after all this time.
1 person likes this
@LadyDuck (458091)
• Switzerland
23 Oct 17
@hereandthere I love to travel, it's beautiful to see new places and learn about the local habits.
1 person likes this
@ilocosboy (45157)
• Philippines
22 Oct 17
Just like when facebook buys whatssap and instagram; when jollibee buys mang inasal. When my business was bought buy an elite competitor, well i will enjoy my money and go around the world and do all the spas and wellness and relaxing all day.
2 people like this
@hereandthere (45651)
• Philippines
22 Oct 17
that's what some businesses do, they buy out their competition. sm does the same. they buy competitors of savemore.
won't you get bored not doing anything?
1 person likes this
@ilocosboy (45157)
• Philippines
22 Oct 17
oh surely I will return to business as usual, maybe going to farming in the province so no one will bother me to buy out my business anymore, he he.
2 people like this
@hereandthere (45651)
• Philippines
22 Oct 17
@ilocosboy you can buy a big plot of land so you can have everything - fruits, vegetables, flowers, plants, pigs, chickens, pets and fish
1 person likes this
@hereandthere (45651)
• Philippines
22 Oct 17
what happened to the leads i gave you?
2 people like this
@JustBhem (70555)
• Davao, Philippines
22 Oct 17
@hereandthere
They are not replying to my application until now. 
@JustBhem (70555)
• Davao, Philippines
22 Oct 17
@hereandthere
That is what I am doing at the moment.
@hereandthere (45651)
• Philippines
22 Oct 17
sounds like you're so ready to do so. then what - travel?
1 person likes this
@YesWay (3674)
•
22 Oct 17
@hereandthere
I’d love a long holiday, and then some more relaxing !
2 people like this
@allen0187 (58444)
• Philippines
23 Oct 17
I'll do a bit of everything that were given as choices.
1 person likes this
@allen0187 (58444)
• Philippines
23 Oct 17
@hereandthere it sure did the same to me. Made me realize that life is too short to limit yourself.
1 person likes this
@hereandthere (45651)
• Philippines
23 Oct 17
it opened my mind when i saw the options
1 person likes this
@jobelbojel (34729)
• Philippines
23 Oct 17
I would put up another business instead of retiring or put up a charity work.
1 person likes this
@hereandthere (45651)
• Philippines
23 Oct 17
i remember manny villar's mother and her sari-sari store.
with charity, is there a group that's close to your heart - kids, elderly, handicapped, etc?
1 person likes this
@hereandthere (45651)
• Philippines
1 Nov 17
hi @willmah! 
long time no see! how are you and johnlloydie? 
you're very financially savvy, so i have no doubt you can make it happen.
long time no see! how are you and johnlloydie? you're very financially savvy, so i have no doubt you can make it happen.1 person likes this
@wiLLmaH (8801)
• Singapore, Singapore
1 Nov 17
It is too busy @hereandthere! 
Hubby and I is still kicking and alive.. How are you?
Hubby and I is still kicking and alive.. How are you?1 person likes this
@hereandthere (45651)
• Philippines
24 Oct 17
i think most of us would "enjoy" the money first, not being bound by work and chores and bills.
1 person likes this
@ridingbet (66857)
• Philippines
23 Oct 17
if i win a million in lottery, i will definitely push through with the heart operation that my cardiologist suggested me to.
1 person likes this
@hereandthere (45651)
• Philippines
24 Oct 17
@ridingbet how did you acquire those?
1 person likes this
@ridingbet (66857)
• Philippines
24 Oct 17
@hereandthere i have mitral regurgitation, mitral stenosis, and left ventricular hypertrophy. i have rheumatic heart disease too.
1 person likes this
@mysimplelot (1347)
• Calcutta, India
22 Oct 17
Firstly I don't want to sell my business. But If possible I am also of same opinion with the money I will travel places which I always dream of. Then start a side business.
2 people like this
@hereandthere (45651)
• Philippines
22 Oct 17
starting another business serves two things, you have something to do and you're earning, too
@much2say (53959)
• Los Angeles, California
27 Oct 17
I guess it depends on the amount of money it was sold for . . . and where I'm at in my life. If it was huge enough that I could retire if I wanted to . . . then really I could do all of those things (except I wouldn't want to work for someone else 
). But money rarely lasts forever (unless it's some crazy huge amount), so knowing me I'd start up another little business to keep the income rolling in . . . but I'd want to manage the time so I can do what I want to do rather than be bogged down with a business.
). But money rarely lasts forever (unless it's some crazy huge amount), so knowing me I'd start up another little business to keep the income rolling in . . . but I'd want to manage the time so I can do what I want to do rather than be bogged down with a business.1 person likes this
@Hannihar (129470)
• Israel
25 Oct 17
I like your ideas. I do not see me ever retiring. I do not go to a place for my business. It is something I do on the computer and buy extra things to sell and I sell at a place so there is nothing for someone to buy. If I could retire I would relax and get up when I want and go to sleep when I want. But that is only a dream.
1 person likes this
@YrNemo (20261)
•
23 Oct 17
start a new but different business (why can't it be the same business? 
).
).
