Post-Exit Waiting Period

Patrick Campbell, after selling his company for $200-250M, shares insights about post-exit life planning and personal development. He emphasizes the importance of intentional introspection and structured self-assessment after a major business exit.

Key Points:

• Immediate Post-Exit Guidelines:

  • Wait 6-9 months before making any major moves or purchases
  • "You have the rest of your life to spend this money" - no need to rush
  • Focus on personal development and life direction first

• Professional Life Assessment:

  • Hired coach Jack Skeen for a "life 360" review
  • Coach interviewed 10+ people around him
  • Deep dive into personal strengths, weaknesses, and direction

• Structured Self-Assessment Framework:

  • Created a personal scorecard with regular 6-month check-ins
  • Four key categories to track:
    • Accomplishments and proud moments
    • Accepted weaknesses (things bad at but at peace with)
    • Areas actively working on improving
    • "Losses I will no longer live with" (unacceptable situations requiring change)

• Partnership/Relationship Planning:

  • Conducted off-site planning with spouse
  • Created shared life goals list
  • Three response categories for each goal:
    • "Cool, go for it" (individual pursuit)
    • "Let's do it together" (shared goal)
    • "Not aligned with my vision" (incompatible)

• Key Insight:

  • Normalizes having both strengths and weaknesses
  • Encourages addressing rather than burying challenging areas
  • Framework helps bring everything to light in a structured way
  • Every category should have entries - it's normal and healthy