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The answer depends on if you need the money generated from the sale of the business. For example, if you had someone who would pay you non-negotiable cash up f
by quaquaqua1 7y ago
The answer depends on if you need the money generated from the sale of the business.
For example, if you had someone who would pay you non-negotiable cash up front of 200k (after taxes) with no strings attached, I imagine that would be meaningful to your financial goals in life.
However if you can afford to wait and believe that there is significant upside in your business that a new CEO can unlock for you while you work on the other business, then you should consider hiring an extremely sharp and self-motivated person who can grow the business to a multimillion dollar opportunity instead of what it currently is.
Such a person would be me! You can email me at waybetterthansaas@gmail.com.
Good luck!
- crab_cakes 7y agoThanks! I'll shoot you a note shortly. To answer your question, a few hundred k is definitely meaningful but I'm open to taking a shot with a savvy CEO. talk soon!
- quaquaqua1 7y agoLooking forward to it, and I hope some others will give you some guidance too. If you go down the sale route, you will definitely need to proactively reach out to other businesses (or private investors) who would want to own those contracts and revenue streams. And you would need a lawyer to facilitate the legal transfer of ownership of the entities. see you!