daily articles for founders

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If I were a rich man...  

This is definitely in the "nice problem to have" category - as well as in the "problem that most of us won't ever have to face, let's be honest" box - but it's sensible and an interesting read.

Key points:

  • Don't change your lifestyle for at least one year
  • Don't lend money to friends
  • Don't rush to invest (keep the money in the bank for a while)
  • If you must invest right away, only invest 2% of your wealth
  • Focus on your health, which will have deteriorated while you were stressed out on your startup
  • Don't burn yourself out working for your acquirers (assuming your business was acquired)
More from the library:
Advice for ambitious 19-year olds
Will you make it past being a founder?
Entrepreneurial sales lessons