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> So say more about this : "I'd like to focus my attention on other ventures." Yes, maintaining this on my own is trivially easy. Then you went on to describe
by pearkes 14y ago
> So say more about this : "I'd like to focus my attention on other ventures."
Yes, maintaining this on my own is trivially easy. Then you went on to describe hiring people, managing contracts, etc. etc. That is exactly what I _dont_ want to deal with. This isn't about money, this is about having short term capital to focus on something I'm truly passionate about (not this side business).
The fact is, while I still own this business, I'm still responsible for support and maintenance. It is trivially easy, but I don't want to do it.
For very interested parties, I'm making it very clear what the business is and doing my best to prove to them this is no scam, there is no "catch." I just want to work on my passion.
> So my advice to you on pricing a business is to ask this simple question, "What other choices does someone have which can get them this return at a comparable risk over this time frame? And at the end of the term how much value is 'left'?" That is the key to understanding what is a 'good' price vs an 'unreasonable' price for a business.
If they did nothing to this business, I'm confident it would continue to churn out the revenue it has been. That being said, I have many ideas to grow this business further, and I've been sharing them with interested parties.
Also, I'm only looking for a buyout of about 1 year of revenue, not 3x. Simple.