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As someone else has said on this thread: if you're definitely planning to shut it down and you have no interest in selling it, try just stopping working on it i
by thenomad 13y ago
As someone else has said on this thread: if you're definitely planning to shut it down and you have no interest in selling it, try just stopping working on it instead.
(It'd be a good idea to at least have a discussion with your employees about this plan first, and of course put measures in place for payroll and so on.)
The worst that can happen is that it all grinds to a halt and you subsequently shut it down. The best thing that could happen is that it keeps rolling perfectly happily and you now have a substantial passive income.
On a similar note, if you haven't read "Four Hour Work Week", now would be a very good time to do so. FHWW is a bit sketchy on the process of building a company that makes money, but once you've built one, it's a fantastic manual on how to minimise your time involvement.