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Oct 21, 2020
10:54
:57
am
BYUHawk
All-American
If he's not feeling like taking the company to the next step and the risks
that involves then seems like selling is the better option. As long as he does have other work planned as noted by others. That's not enough to retire in your 40's.
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BYUHawk
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BYUHawk
Joined
Aug 13, 2011
Last login
Jun 4, 2024
Total posts
6,944 (103 FO)
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Messages
Author
Time
POLL: What would you do in this scenario? Sell business now or hold? Asking for a friend.
Tonto
10/21/20 10:36am
If Bill sells, what is he doing for work for the next 20 years?
blackandblue
10/21/20 10:39am
This. Selling business doesn't have to mean retiring. With significant new risk on the horizon, cash in now if the price
scootsy
10/21/20 10:42am
He'd probably stay at the company that buys him out for 10-15 years.
Tonto
10/21/20 10:42am
Should also add company buying is a large publicly traded company.
Tonto
10/21/20 10:45am
If Bill has partners in the company, how do they play into this? Are they ready
blackandblue
10/21/20 10:49am
All are leaning toward option 1. Taking the money now and betting on being
Tonto
10/21/20 11:14am
If that’s a unanimous decision, I’d do it. But I’d start making some solid
blackandblue
10/21/20 11:18am
RE: POLL: What would you do in this scenario? Sell business now or hold? Asking
Y-Zag
10/21/20 10:40am
If he's not feeling like taking the company to the next step and the risks
BYUHawk
10/21/20 10:54am
Option A is a good one but he needs to be aware that the return is small. That
Idahofallsblue
10/21/20 10:58am
Earnouts are a dangerous game, especially when we're at the crossroads on a
Hodor
10/21/20 11:12am
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