If he's not feeling like taking the company to the next step and the risks

Oct 21, 2020
10:54:57am

BYUHawk All-American

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

Bio page: BYUHawk
Joined: Aug 13, 2011
Last login: Apr 28, 2024
Total posts: 6,879 (100 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

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