Life after selling a business
Entrepreneur Daniel Land explains his plans after selling his Italian quick-service restaurant chain
Most people believe that when an entrepreneur sells a successful business they spend the rest of their lives on the beach or the golf course. The reality can be very different and those who achieve success while they are still young often need a new project to give them purpose.
Daniel Land, co-founder of Italian food chain Coco di Mama, has achieved what many entrepreneurs hope for – a successful sale of his business and the financial benefits that come with it. But he is only 34 years old and plans to start again with a new business venture after a short break to enjoy his success.
Building the business
Daniel, who recently spoke at an event hosted by the Cazenove Capital Entrepreneur Group, explains: “What I’ve discovered is that you get a lot of pleasure from striving to build a business. When you sell your business there’s a great moment when you say ‘awesome, this is what I set out to do’. That’s really cool but you can’t celebrate all day and that feeling doesn’t last very long.
“Striving to create something is where fulfilment comes from. I also know, and it’s something that I didn’t know when we started Coco di Mama in 2011, that the decision to start the business would immeasurably alter the next seven years of my life. I probably suspected it but I didn’t know that it meant seven years of no holidays, and keeping our heads down.”
The next decade
“Now I know that when I start my next business it’s going to be five or 10 years of my life that will be focused on it because starting a business is hard.
“I’m taking some time off now. I’m going to get on a plane and travel for three or four months. Then I’m going to think about what I’m going to do next. What I really want to do is find a problem that I really care about solving and build a business to solve that problem.”
Simply starting up a business is a daunting process and we find that a lot of our entrepreneur clients benefit from being able to draw on our resources. From questions around funding to the provision of a mentor we have been able to help many clients by introducing them to experienced professionals with invaluable experience. To find out more about the Cazenove Capital Entrepreneur Group please contact Nick Sanderson or Robert Snuggs.
This article is issued by Cazenove Capital which is part of the Schroder Group and a trading name of Schroder & Co. Limited, 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Nothing in this document should be deemed to constitute the provision of financial, investment or other professional advice in any way. Past performance is not a guide to future performance. The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested. This document may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements. All data contained within this document is sourced from Cazenove Capital unless otherwise stated.