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Berkonomics

Entrepreneurs do not easily retire.

Advanced Berkonomics soft front cover-smallThis is the final posting in this cycle.  Purchase two years of these insights in a single book, ADVANCED BERKONOMICS, for yourself or as a gift.  Here are links to help you find copies:

HARD COVER book directly from Berkus.com, signed by Dave (with gift inscription if requested): http://berkus.com/_e/Books/product/Advanced_Berkonomics-hardcover/Advanced_BERKONOMICS_Hardcover.htm

SOFT COVER book directly from Berkus.com, signed by Dave (with gift inscription if requested): http://berkus.com/_e/Books/product/Advanced_Berkonomics_soft_cover/Advanced_BERKONOMICS_Soft_cover.htm

Soft cover from Amazon.com:     http://www.amazon.com/Advanced-Berkonomics-Dave-Berkus/dp/1257794280/ref=sr_1_1?ie=UTF8&qid=1382630099&sr=8-1&keywords=Advanced+Berkonomics

Amazon Kindle Edition:  http://www.amazon.com/Advanced-Berkonomics-ebook/dp/B0058ZVX94/ref=tmm_kin_swatch_0?_encoding=UTF8&sr=8-1&qid=1382630099

Next week, we begin again with new insights from startup through liquidity event, including guest postings by some of the nation’s best known angel investors and entrepreneurs.  Stay tuned!   – Dave

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…

  • Timothy Smith

    This one’s interesting. In my business I see many former entrepreneurs who have been through a liquidity event, and everyone (including their bankers) assume they have “it”, that since they created a successful startup they will be successful in the next, that they only hit home runs. Unfortunately, I’ve also seen that deep pockets can keep an unsuccessful business afloat for much longer than it deserves.

    How does an entrepreneur put his ego aside and determine whether his financial success was due to his own contribution or due to that right combination of team members with a shared vision and a little luck, which might not be in place in the next venture?

  • Michael Flynn

    A rose is a rose. Thanks for this one,

    Michael

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