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My take: If you are starting a business which will make a profit from the outset, in which you have complete control: - After a while you may want to do somet
by tristian 18y ago
My take:
If you are starting a business which will make a profit from the outset, in which you have complete control:
- After a while you may want to do something else other than run the business.
+ A good way of doing this is to sell the business to a public company.
- It may take some time to do this depending on the market and size of the business. During which you may not want to be there.
+ Since the business is making money you don't need to rush the sale.
That all sounds pretty good to me.
Beyond the mentioned freedom and security, a lot of people start business so that they can be more in control of their own lives.
If you start a business with the intention of keeping full control, then you're going to be responsible for the continued control of it.