3 ms·
there is only one reason to sell a business, YOU WANT OUT. if you are profitable and you want out, you have to ask; "will this enable me to do my next activity
by jdavid 19y ago
there is only one reason to sell a business, YOU WANT OUT.
if you are profitable and you want out, you have to ask; "will this enable me to do my next activity?" if not, then don't sell yet you are much better off growing your business.
if you are not profitable and you want out, well i would ask; "Will this cover my effort on this project?"
I have a personal number in my head that covers my anticipated yearly expenses, plus has room in there to keep adding to savings. above that amount in wealth i very well may sell my first business, if i will find my next idea more desirable to pursue.