4 ms·
I have a few thoughts. First of all it sounds a lot to me like you are suffering from burnout. You need to see someone about this (not necessarily a health pro
by Lordarminius 9y ago
I have a few thoughts.
First of all it sounds a lot to me like you are suffering from burnout. You need to see someone about this (not necessarily a health professional, perhaps a mentor or confidant, someone accessible, whose opinions you respect)
You have come a long way and achieved something that is not trivial. You are entitled to cash out. I am however wary of the terms you hint at. I would NEVER do a deal where a significant portion of my compensation is dependent on future income from the business I am selling. NEVER.
Once the acquirer takes over, decisions are out of your hands and it is his/her prerogative to grow the business or run it down. Why should you tie yourself to such an uncertain future ?
My reading of your situation is that you should try to get a deal where you stay on only long enough to transfer your knowledge to your replacement. 1 year is sufficient for that; 4 years essentially makes you a bonded servant.
Have you retained the services of a professional to help with the acquisition? If 'No', do so asap.
I mention these points because although your intention is not to stir up a debate about terms of purchase, I think they stand out as potentially significant stressors.
Every field looks green when you are in burn-out-land but resist the temptation to think that dish-washing, bar tending or whatever menial task you presently romanticize, represents a step up from your present condition.
I agree with @bsvalley. His answer is on point.
I would talk to the missus. That's what she's there for - moral support; but its difficult to give support to a person who hasn't asked for it.
Finally. I will say congratulations! You are on the last lap of a very difficult race.
Not many people get to this point. Don't falter here. The reward for all your effort and sacrifice will be financial freedom, time for leisure and a sense of accomplishment - and maybe opportunity (on much better terms) to become a bartender after all :)