3 ms·
There's definitely a risk of losing the modest revenue stream that I've had for the last 10 years and hope continues for another 10. It's something that I'm aw
by terrellm 16y ago
There's definitely a risk of losing the modest revenue stream that I've had for the last 10 years and hope continues for another 10. It's something that I'm aware and try to prepare for in both my business (branding, continue to innovate, etc) as well as personally (diversified revenue streams).
There's also a risk in losing a business by pushing so hard for a buyout/IPO at the expense of ROI & profit, only to not get that IPO or buyout and be left with nothing. I went down that road several years ago and was fortunately able to get my business back on track before losing it.
You bring up some good points and I think it's helpful for HN'ers to see the interesting discussion on lifestyle vs IPO/buyout businesses.