I'm a 46 yo entrepreneur, married with 3 kids 17, 13, and 9. My work can be all-consuming but is often very profitable. I got lucky with a recent project and have plenty of dough to retire. I have lots of outside interests and, thanks to this board, have an itch to try them all full time.
To be successful at my business requires my full attention - it's not something that can be turned over to a manager. To retire would mean closing the business and letting my team of 10 employees go. If I did so, it would be very difficult to re-start after more than a few months. Other than this business, I have no real skills and I would make a useless employee.
Part of me wants to jump off the cliff and try a new lifestyle, but it's a one-way trip and I wonder if this is just a phase and am I better off productively using the talents I have to continue with a business I enjoy and that will possibly generate significant future cash. I generally have a good work/life balance, but cram the "life" side into abbreviated hours. I wonder which missed opportunity will cause more regret? All of our friends work and I worry about my tendency toward laziness taking over if I have no pressing responsibilities. My father died at a young age and I want to make the most of what might be a short stay. What if my kids or wife get sick of me hanging around all the time, or am I missing out on precious time with them?
Any comments are welcome.
To be successful at my business requires my full attention - it's not something that can be turned over to a manager. To retire would mean closing the business and letting my team of 10 employees go. If I did so, it would be very difficult to re-start after more than a few months. Other than this business, I have no real skills and I would make a useless employee.
Part of me wants to jump off the cliff and try a new lifestyle, but it's a one-way trip and I wonder if this is just a phase and am I better off productively using the talents I have to continue with a business I enjoy and that will possibly generate significant future cash. I generally have a good work/life balance, but cram the "life" side into abbreviated hours. I wonder which missed opportunity will cause more regret? All of our friends work and I worry about my tendency toward laziness taking over if I have no pressing responsibilities. My father died at a young age and I want to make the most of what might be a short stay. What if my kids or wife get sick of me hanging around all the time, or am I missing out on precious time with them?
Any comments are welcome.