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❓ASK Would you sell your high costing business or keep using it as a high income source ?

Reznov

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Sometimes your business run smoother than you expect, till it starts worthing a high value, at this point, would you sell it and use the money to start another business that requires no effort or regular monitor or just keep it as an income source but with monitoring it ?
i personally would sell it to get in something more comfortable, since life isn't all about money :) what about you ? what do you think is right ?
 
Sometimes your business run smoother than you expect, till it starts worthing a high value, at this point, would you sell it and use the money to start another business that requires no effort or regular monitor or just keep it as an income source but with monitoring it ?
i personally would sell it to get in something more comfortable, since life isn't all about money :) what about you ? what do you think is right ?
I would not sell of a business that is doing well in order to get a new one.A business that is doing well financially is cash cow,selling it off could suicidal,and does not make sense,as you know business operations can be full of uncertainties.What is the guarantee that the new business would be successful as the one yielding so much to you?A bird in hand is worth a thousand in the bush I would rather suggest you open other outlets
 
Keeping your high costing business is the best way to move forward in the business. As times goes on the business will begin to grow and be generating higher income for you.
 
Keeping your high costing business is the best way to move forward in the business. As times goes on the business will begin to grow and be generating higher income for you.
I agree with you. It is best not to sell it. It will continue generating income for you for long unlike if you sell it and just earn a one time income that will only sustain you for a while.
 
I would rather keep the business instead of selling it as money comes and goes,but the trust your business has earned can never return once lost!
 
Keeping your high costing business is the best way to move forward in the business. As times goes on the business will begin to grow and be generating higher income for you.
I agree with you mate as the business has ups and downs but will never stop giving you money as long as it's under proper guidance!
 
I don't support selling a high costing business that is bringing passive income on a regular basis. The stress and effort to start a new business is not easy. It is better to continue with existing business than to dispose it.
 
I don't support selling a high costing business that is bringing passive income on a regular basis. The stress and effort to start a new business is not easy. It is better to continue with existing business than to dispose it.
but maybe having a lot of money with nothing to handle or care about is better too in some occasions i guess, just like many big companies owners did
 
if i see any potential /opportunity that the business grow wither its would not make a good profit now i think i will run the business till it reach goals
 
Hi there,
Personally i am a keeper . If the business is doing well more than i expected, i'd rather keep the business as the source of my income and use half of the income to fund new business. I imagine that new business needs time to grow. When it is finally steady then i would consider to sell one of my source income but still need to asses everything, future market etc. If the future market is good for both of my business then i'd rather keep too, if it's food related business then maybe making it franchise for bigger income.
 
Instead of selling a booming and high income business, one can use some percentage profit from the business to expand it by have more branches. Selling it off and starting another one may be challenging.
 
high costing business is not a good business. in doing business, we must ensure that costs are always within a reasonable range, are not burdensome and efficient to generate a hefty profit
 
high costing business is not a good business. in doing business, we must ensure that costs are always within a reasonable range, are not burdensome and efficient to generate a hefty profit
what do you mean by high costing business is not a good business?who told you about this?its always better for you to try and understand what you are posting here,high costing business is a business that cost you alot when starting it.so what is the need of selling except the foundation of the business has been collaps.
 
high costing business is not a good business. in doing business, we must ensure that costs are always within a reasonable range, are not burdensome and efficient to generate a hefty profit
"high" is a variable term, depending on the business, and as you said, the reasonable price can be high and reasonable at once if the business is really decent
 
what do you mean by high costing business is not a good business?who told you about this?its always better for you to try and understand what you are posting here,high costing business is a business that cost you alot when starting it.so what is the need of selling except the foundation of the business has been collaps.
Okay mate thank you for your explanation. I think i need to add apostrophe in the term of "good business" to more clear
 
I don't support selling a high costing business that is bringing passive income on a regular basis. The stress and effort to start a new business is not easy. It is better to continue with existing business than to dispose it.
That's true. It's better to opt for better managerial skills by getting more valued people to keep one's business booming than to just sell it off. No matter how much you sell it, there will still be times when you wish you had not, especially if you find it hard starting another one again.
 
one must also think that if the business is still feasible in the long run, as I think some businesses are going to be not that profitable in the long run as some businesses only booms on a specific time or situation
 
Sell
Selling it is not okay, because there will be some situations in which you will automatically depend on the profit you will get from the business
selling is definitely okay, if there's a case that you can no longer sustain your business or you think that your business is kinda dying , or just an emergency that you need big money for, definitely better to sell it
 
Sometimes your business run smoother than you expect, till it starts worthing a high value, at this point, would you sell it and use the money to start another business that requires no effort or regular monitor or just keep it as an income source but with monitoring it ?
i personally would sell it to get in something more comfortable, since life isn't all about money :) what about you ? what do you think is right ?
As for me I can keep it and make sure that I grow it further. For my kids
 
You missed the point , there are people who can be trusted to manage busineses, most of these successful business mogul do have children that takes over the leadership or financial management of businesses , sales of business is not a good option.
So for instance non of the children is business minded then can a trustworthy person be employed or maybe the business can be sold
 

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