My business is getting acquired but I'm not sure I should continue working with the business. I never done this before so I don't know if I should sell and walk away or sell and continue grow to something bigger. The buyer wants to keep me on but I've never worked under anyone. The best part of running your own business is not to work under anyone. Can anyone advise what I can do please? A. Sell and move onto other things and relax B. Sell and continue working with the company on a salary + commission on deals closed. If anyone has any experience and sold a company please advise. I would be happy to run a call to understand what advise can be given.
Hi, this is an issue faced by many entrepreneurs. I've sold two businesses and have been a business broker where I helped to sell over 35 others and I've learned from my own experiences and from observing others.
Here's what you need to ask yourself:
1. Is there another project I wish to take on right away?
2. Could I use a rest? Employees are better able to forget the workplace once they leave the office.
3. Do I have a sense of duty to the employees to ensure the transition has a solid foundation?
Even though you're no longer the owner you may still care deeply about the business and wish to see it succeed.
Deciding to stay is not a 'forever' decision. Keeping active and earning while truly enjoying weekends and vacation can give you a rest while leaving your finger in the pulse to identify your next opportunity.
Me, I left. In one case I was too excited for the next thing. In the next, there was no place for me.
Cheers,
Arrange a call if you'd like to chat.
Dave
Answered 8 years ago
Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.
Already a member? Sign in