Asset finance broker
Discussion
I'm currently a finance director and 30% shareholder for a small company. I've been here 11 years now and feel like my time is coming to an end for various reasons - sometimes you just know when it is time to move on. I've spoken to the other directors and we are planning a soft exit strategy over the next 12-24 months.
I should walk away with a sum of money which should be enough to support me for 1-2 years. Having sat down and thought carefully about my next move (I'm 45 now so plenty of years left hopefully!) I have the following criteria so far:
1) Just me, no partnerships or joint ventures
2) Much fewer moving parts - a big reason for wanting to leave my current role is the amount of things that can and do go wrong on a daily basis which are out of my control. The next venture needs to be clean and simple with only me to answer to if there is an issue.
3) Ability to work from home - the daily commute has taken it's toll. I have the perfect outbuilding on my property that can be converted into a lovely office space. I am more than happy to be out visiting clients when required, but the daily rush hour nonsense is no longer welcome.
4) Enough earning potential for a comfortable living. I have a family, my wife has a good job and between us we live a fairly comfortable life - I don't want 2 Lamborghinis and a place in Dubai but equally I don't want to downgrade mine or my families lifestyle.
I used to have a hell of a lot of drive to grow this business with the view of passing something down to my children. As time has progressed, my goals have changed and my boys have zero interest in taking the reins which has really helped solidify this decision.
One of the careers that seems to tick all boxes is an asset finance broker. I've always enjoyed the finance aspect of my role but as with any small business I've ended up wearing various other hats and being involved in different areas of the business. I also have built up a good number of contacts over the years and there would be absolutely no conflict of interest in me reaching out to them from another angle.
Does anyone on here have any experience in this sector or alternatively can you suggest something which would suit the above criteria that I have maybe not even considered? I am by no means a lazy person and am prepared to put in the hours, whether that be retraining or even working for an organisation initially - I've simply lost the fire in my belly for this current role. Things are still very amicable with the other directors and I'll always be on hand for them - I've grown this company from the ground up and I really hope it takes off. If anything, one less director pulling at the profits every year will be a benefit to them.
Interested to hear productive advice...
I should walk away with a sum of money which should be enough to support me for 1-2 years. Having sat down and thought carefully about my next move (I'm 45 now so plenty of years left hopefully!) I have the following criteria so far:
1) Just me, no partnerships or joint ventures
2) Much fewer moving parts - a big reason for wanting to leave my current role is the amount of things that can and do go wrong on a daily basis which are out of my control. The next venture needs to be clean and simple with only me to answer to if there is an issue.
3) Ability to work from home - the daily commute has taken it's toll. I have the perfect outbuilding on my property that can be converted into a lovely office space. I am more than happy to be out visiting clients when required, but the daily rush hour nonsense is no longer welcome.
4) Enough earning potential for a comfortable living. I have a family, my wife has a good job and between us we live a fairly comfortable life - I don't want 2 Lamborghinis and a place in Dubai but equally I don't want to downgrade mine or my families lifestyle.
I used to have a hell of a lot of drive to grow this business with the view of passing something down to my children. As time has progressed, my goals have changed and my boys have zero interest in taking the reins which has really helped solidify this decision.
One of the careers that seems to tick all boxes is an asset finance broker. I've always enjoyed the finance aspect of my role but as with any small business I've ended up wearing various other hats and being involved in different areas of the business. I also have built up a good number of contacts over the years and there would be absolutely no conflict of interest in me reaching out to them from another angle.
Does anyone on here have any experience in this sector or alternatively can you suggest something which would suit the above criteria that I have maybe not even considered? I am by no means a lazy person and am prepared to put in the hours, whether that be retraining or even working for an organisation initially - I've simply lost the fire in my belly for this current role. Things are still very amicable with the other directors and I'll always be on hand for them - I've grown this company from the ground up and I really hope it takes off. If anything, one less director pulling at the profits every year will be a benefit to them.
Interested to hear productive advice...
You don't say what line of business you're currently involved in, but I know someone doing asset finance brokering in the commercial solar/battery space. I think you might be underestimating the marketing time though - the person I know is out at conferences etc meeting people in order to make the connections to offer the brokering service so it's not quite stay at home work.
I'm not sure I like the trend, but fractional roles seem to have become all the rage recently and given your current role, it might give you the variety and stay at home life you want if you can find a couple of start-up roles that interest you?
I'm not sure I like the trend, but fractional roles seem to have become all the rage recently and given your current role, it might give you the variety and stay at home life you want if you can find a couple of start-up roles that interest you?
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