A successful exit is a good problem to have

Editor’s Word: Every week Maynard Webb, former CEO of LiveOps and the previous COO of eBay, will provide candid, sensible, and typically stunning recommendation to entrepreneurs and founders. To submit a query, write to Webb at [email protected].

Q. I’m very blessed that my firm did nicely and was acquired for a nice value. Now it’s time for me to go to my subsequent factor however I’m undecided what that is. I loved constructing however don’t suppose I need to undergo the 12-year grind of going from nothing to greatness. 

-Founder who had a nice exit . . . and doesn’t know what to do now

Expensive Founder,

Congrats in your success. You’ve achieved one thing unimaginable and also you now end up in a very fascinating place.

Figuring out many founders, I consider that you’ll create one thing once more—this entrepreneurial spirit is in your DNA, and that’s a good factor for offering you with objective and for contributing new and significant issues to the world. However I perceive out of your query that you’re not but prepared to begin over once more. Another choice is to assist begin issues however have different individuals within the working roles—that manner you’re creating however not as concerned within the day-to-day, which can provide you some house to discover what you really need to make investments all of your self into.

It is best to decide what you need to do subsequent based mostly on what drives you—not the way it is perceived. In studying the background you shared it’s apparent that you’re an professional in what you do. I think about this will likely have been soul meals for you sooner or later, however it’s not anymore. The conundrum is that you’re now world-class at it and it’s anticipated that you just proceed doing it.

But when what you’re doing is not fulfilling your objective, you are feeling out of whack. Everybody does their greatest work when they’re engaged and discover ardour in what they’re doing. I consider you could find that. Experiment by including issues after which resolve what you want and what you don’t. What’s going to make you are feeling challenged or passionate? Discover a quiet spot to replicate and write down belongings you suppose you’d be enthusiastic about. Getting this readability is necessary. Don’t let your “have-tos” get forward of discovering your objective. 

I encourage you to learn a nice guide written by one among my mentors, Homosexual Hendricks. It’s known as The Big Leap and it speaks to this complete subject much better than I can. It might enable you to discover your ardour and achieve extra vitality as you achieve readability on what you’re supposed to do. It’s possible you’ll or might not know whether or not you need to spend the subsequent dozen years or so constructing one other firm, however you do know that you really want to spend them in your genius zone—doing what you’re uniquely good at and what makes you come alive. That reply is inside you, you simply have to unearth it. 

It does take work. Yearly I do a full evaluation of the whole lot occurring in my life. I then take into consideration what would make me actually proud to obtain by the tip of the yr. I divide my life into classes (work life, residence life, and so forth.) after which subcategories (relationships, household, well being) and ask myself what wild success would seem like in every of these areas. I prioritize the classes and over time I see that the precedence order has modified. For instance, engaged on sustaining my well being has taken on extra priority in recent times (though I have extra to do). As soon as I have the objectives prioritized appropriately, I evaluation what success would seem like in every class after which strive to commit to that objective by detailing what I’ll begin, cease, and proceed doing to get there. I take a look at it each week so I can keep linked to it. 

It’s nice that you just’ve had a lot success that you are able to do nearly something. I’m certain you will see that that you’ll make one other large affect on the earth in your subsequent journey.