Selling a Business
You’ve closed one chapter—Now let’s make sure the next one’s even better. At Lucent, we are here to ensure the proceeds from your business exit work as hard as you did.
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How We Help People Who Have Sold a Business
Selling a business isn’t just about the money—it’s about wrapping up a journey you’ve poured your heart and soul into. Whether you’ve built your business from the ground up or turned it into a major success recently, selling it comes with a big reward and plenty to think about.
At Lucent, we’re here to help you navigate both the financial and emotional sides of selling your business—so your money keeps growing long after the sale.
Why Selling aBusiness is a Big Deal
Let’s face it—selling a business is a huge achievement, and it’s not just about what hits your bank account!
Here’s why it’s such a game-changer:
Letting Go
Let’s get real—selling your business isn’t just about signing papers and cashing out. You’ve invested blood, sweat, and tears into this venture, and letting go can feel like losing a part of yourself. It’s normal to feel a little lost after the sale, unsure of what’s next.
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The Windfall
Then there’s the big payday. A successful business sale can set you up for life, but without a plan, that cash can slip through your fingers faster than you think.
The Taxman’s Cut
Taxes. Yeah, we said it. Selling a business comes with tax implications—capital gains tax, for starters. Planning ahead is crucial if you want to keep more of your hard-earned cash out of HMRC’s hands.
The Financial Impact of Selling a Business
The financial impact of selling a business is massive, but it’s all about how you handle it:
- Lump Sum: Selling your business will likely leave you with a large, life-changing sum. But here’s the thing—if you don’t have a plan, that pile of money could start shrinking before you know it.
- Capital Gains Tax (CGT): The taxman’s coming for his cut. Capital gains tax can take a big bite out of your proceeds, so having a tax strategy in place is key to keeping more of your money where it belongs—with you.
- Managing Debts: If you’ve got outstanding debts, now’s the time to tackle them. You’ll need to weigh whether using part of your windfall to pay them off makes sense for your financial future.
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Smart Financial Moves After Selling a Business
You’ve made the sale—now it’s time to get smart with that cash. Here’s what we recommend:
1. Diversify Your Investments
Don’t put all your eggs in one basket. Spread your wealth across different asset classes like stocks, bonds, real estate, and even alternative investments. This will help protect your wealth from market ups and downs, and reduce your risk of losing it all in one go.
2. Pay Down Debts
Got debts? Now’s your chance to clear them out. Reducing your liabilities means less stress and more flexibility to enjoy your newfound wealth.
3. Invest in Income-Generating Assets
Whether it’s dividend-paying stocks or bonds, make sure a good chunk of your money is going into assets that generate income. This will give you a steady stream of cash flow to keep you financially secure for the long term.
Common Temptations After Selling a Business
Let’s be honest—after a big payday, it’s hard not to want to splash out. But here are a few traps you’ll want to avoid:
- Lifestyle Upgrades: We get it. You’ve worked hard, and now you want to enjoy the fruits of your labour. Maybe that’s a luxury car, a dream house, or jet-setting around the world. Treating yourself is important, but go too far, and you’ll have less to invest for the future.
- Helping Family and Friends: When word gets out you’ve sold your business, the requests for financial help can start rolling in. Being generous is great, but make sure your own financial future is secure before you start dishing out support to others.
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The Emotional Tollof Selling a Business
Selling a business isn’t just about money—it can take a real emotional toll too.
Here's what you might be grappling with:
Loss of Purpose
Your business may have given you purpose. Now that it’s sold, you might find yourself asking, “What’s next?” This feeling can leave you emotionally vulnerable, which sometimes leads to rash financial decisions.
Dealing with a Healthy Bank Balance
If you’re not used to managing large sums of personal wealth, this new reality can feel overwhelming. The pressure to make the right choices can cause sleepless nights.
Steps to Safeguard Your Wealth After Selling a Business
To make sure your financial future is solid, take a thoughtful approach. Here’s how:
1. Give Yourself Time to Process
Don’t rush into big decisions right after selling your business. Take time to adjust to your new chapter and think about your next steps, both personally and financially.
2. Consult with Financial Planners
You’ve just made a huge sale—don’t go it alone. Work with a financial planner to create a plan that balances your short-term desires with long-term security. At Lucent, we’ll guide you through investment strategies, tax planning, and post-sale debt management.
3. Consider Reinvesting
Many former business owners choose to reinvest in other ventures or income-generating assets. We’ll help you explore opportunities that align with your new goals and keep your wealth growing.
Why Lucent’s Financial Planning Matters After Selling a Business
At Lucent, we get it—selling a business isn’t just about the numbers, it’s a personal milestone. Our financial experts are here to help you make the most of your wealth, ensuring it’s managed wisely and continues to grow.
Whether you’re looking to reinvest, diversify, or simply secure your future, we’re here to guide you through every step.
Here’s why clients choose us to make your inheritance work harder.
Wealth Management
We’ll help you build a tailored investment strategy that spreads your wealth across different asset classes, reducing risk and growing your fortune over time.
Tax Planning
We’ll help you plan for tax liabilities—like capital gains tax—so you keep as much of your hard-earned money as possible.
Post-Sale Transition
Selling a business can be emotional. Whether you’re planning for retirement, starting something new, or exploring what comes next, we’ll support you with a financial plan that fits your new life.
Are you planning to sell your business?
Contact Lucent today to ensure the proceeds from your trade sale are managed wisely and your financial future is secure.
- Are you selling or have you recently sold a business for over £500k?
- Are you seeking advice on investing the funds from your business sale?
- Do you need help planning the most tax-efficient way to manage your proceeds?
- Would you like to plan for your financial future now that you’ve exited your business?
If you answer yes to the above, get in touch.
FAQs
Diversifying your investments, paying down debts, and investing in income-generating assets are smart strategies. Lucent can help you create a wealth management plan that works for you.
We provide expert tax planning advice to minimise your capital gains tax and other liabilities, ensuring you keep as much of the proceeds as possible.
Everyone’s financial goals are different. At Lucent, we help you explore investment options—like stocks, bonds, real estate, and alternative investments—that align with your objectives and risk tolerance.
Still have questions?
If you've got a question we haven't answered, we'd love to hear from you.