My two cents: It's a great idea if you find the perfect person but is very hard to go out and do. The compensation you need to provide to bring on someone to ru

My two cents: It's a great idea if you find the perfect person but is very hard to go out and do. The compensation you need to provide to bring on someone to run the entire business, in terms of salary + ownership is often ends up with pretty similar economics to just selling. Also very tricky waters to navigate long-term if you both retain a majority ownership of the business but cede all day to day operations and strategy to somebody else. Likely to end up either with some conflict or the hired CEO gets tired of doing 100% of the work in a business they only have a minority stake in. Definitely not impossible and has the potential to work out to better economics than a sale if all goes perfectly. (I'm the post author btw)