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Well done on the sale and congratulations to you and your wife. Best of luck to both of you. I have a question about this part: > I’d also risk TinyPilot’s s
by duckmysick 2y ago
Well done on the sale and congratulations to you and your wife. Best of luck to both of you.
I have a question about this part:
> I’d also risk TinyPilot’s sales slipping after so many months being distracted from the business.
What was the time split between the sale process and running day-to-day operations? I know bigger companies have dedicated teams for that, but I'm curious how does it look like in smaller ones.
- mtlynch 2y agoThanks for reading! >What was the time split between the sale process and running day-to-day operations? I know bigger companies have dedicated teams for that, but I'm curious how does it look like in smaller ones. It varied from week to week, but I was spending 10-25 hours per week on the sale for about five months. But beyond wall time, the time I spent on the sale was often much more stressful than anything else and left me mentally drained for anything else. The sale involved preparing reports that I'd never created before, and it was extremely important for me not to make any mistakes because I didn't want the buyer to think I'd provided fraudulent information. I also had to focus much more on short-term results than normal. Part of this was a lack of time to oversee complex projects, but the other part was that it's to my detriment to invest in something that pays off in six months if I sell the company at month three. But I can't run that way forever, so I knew if I tried to run the company like that indefinitely, I'd pay the penalty for always focusing on the short-term at the expense of long-term.