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[Reznov]

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 ?

 

[BullyMaguire]

That is true. It is also good to be aware of those factors that stem from an individual's fear or laziness in running the business. Those feelings can be so misleading such that you sell a good business thinking that you cannot run it. It is best to have a third party helping you make the decision so that they can point out factors that can be dealt with.

you can also get the best deal out of your business if the deal was you still nhave royalties from their revenues. you can make money without doing anything.. lots of successful businessman has done this they sell off their business or company.. just like Recaptcha for example.. they sold their company to Google and used the money to start another Which is Duolingo.

 

[a_jerobon]

you can also get the best deal out of your business if the deal was you still nhave royalties from their revenues. you can make money without doing anything.. lots of successful businessman has done this they sell off their business or company.. just like Recaptcha for example.. they sold their company to Google and used the money to start another Which is Duolingo.

Getting such a deal is so awesome. You get to earn passive income for a long time. Plus the burden of running the business is taken off your shoulder. You can also go and start another business. So you will have passive income and a business that brings you income. That is a great way of building wealth.

 

[Wisdom01]

I think what business needs is actually an increased development and growth rate or level , and it's actually best for the business person to actually use the business as an high income source that could fetch him more revenue

 

[Ebutech]

For me , I think if you find fulfilment doing that particular business,that is if you are very passionate about it, I don't think it's right to sell it and start another one, as it may not boom or successful as the previous one.

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 ?

 

[Wisdom01]

For me , I think if you find fulfilment doing that particular business,that is if you are very passionate about it, I don't think it's right to sell it and start another one, as it may not boom or successful as the previous one.

except probably the offer is just to huge to resist , because there are some kind of offer that the person might not even be able to profit from the business in next 30 years , so the person would actually have no choice than to accept the offer

 

[gammarays]

If your business is profitable and is your major source of income, it'll be a bad decision to sell it off and start another. It's not easy having a profitable business. Why not save some money and start another one to compliment it.

 

[a_jerobon]

If your business is profitable and is your major source of income, it'll be a bad decision to sell it off and start another. It's not easy having a profitable business. Why not save some money and start another one to compliment it.

Yeah, it is not easy at all to establish a business upto that point where it is just profitable. So don't sell it, use it as your source of income for as long as you can. Even if you get a new job, you can have someone running the business for you. After all, having several streams of income is the goal these days.

 

[gammarays]

Yeah, it is not easy at all to establish a business upto that point where it is just profitable. So don't sell it, use it as your source of income for as long as you can. Even if you get a new job, you can have someone running the business for you. After all, having several streams of income is the goal these days.

Yes it's not good to sell an established business because it's not easy to grow another one. Even if it's to be sold, it's best to sell most part of shares and leave some so you'll be getting some money from the new owners.

 

[Ben Kempton]

I think what business needs is actually an increased development and growth rate or level , and it's actually best for the business person to actually use the business as an high income source that could fetch him more revenue

Many businesses have a really high expenditures. This is why they usually have a harder time cutting the cost of many things. We have the examples of many such companies trying their best to cut the cost and this also includes taking the decision to reduce employees.

 

[Wisdom01]

Many businesses have a really high expenditures. This is why they usually have a harder time cutting the cost of many things. We have the examples of many such companies trying their best to cut the cost and this also includes taking the decision to reduce employees.

Well you are right tho, there are some business that have high expenses and others ,and running the business to the best expectations would be difficult , because the business man would actually find it so difficult

 

[makanaki]

It really depends on the circumstances and the goals of the business. If the business is generating a high income, it may make more financial sense to keep using it as a high income source. If the business is not generating enough income to cover its costs, or if the owner wants to pursue other business opportunities, then it may be worth considering selling the business. Ultimately it is up to the owner to decide if selling their business is the right decision for them.

 

[a_jerobon]

Yes it's not good to sell an established business because it's not easy to grow another one. Even if it's to be sold, it's best to sell most part of shares and leave some so you'll be getting some money from the new owners.

That is right. If you decide to sell, it is better to sell just a part of the shares. But selling a whole well established business will only lead you to regretting someday. You will look back and see that you had build something great but let it go just like that.

 

[Wisdom01]

Obviously , it really depends , not everyone would love to sell a very promising business no matter the money , there are some people that just have passion for the business and that's the thing there , the Passion is actually their motivation I Think

 

[gammarays]

That is right. If you decide to sell, it is better to sell just a part of the shares. But selling a whole well established business will only lead you to regretting someday. You will look back and see that you had build something great but let it go just like that.

Yes especially if you're unlucky to start another business with the money and fail. Sometimes expenses will eat up the Money realized from selling a business leaving you with small funds. Businesses should be a legacy for generations.

 

[IB DD]

Kudos to the original poster for stating that life is not all about money. For me, a business that is paying me well, I would continue to run it despite the efforts demands and the stress levels. It is understandable because the money is coming in. As the business grows and progresses, I would build structures to help reduce the stress I face in running the business.

 

[Skylark]

In general, if your business is generating a high income, it may be worth keeping it as a source of income, especially if you have a strong vision for its future growth. However, if you are facing financial difficulties or your business is not performing well, it may be better to sell it

 

[Gamer01]

Indeed , we can never keep a business for that is not affordable due to finamcially viable reasons and that is why you always have to take strict and best decisions mostly in such cases indeed actually to be honest indeed in my opinion .

 

[Flower]

Selling high cost business depends on various factors and the factors are the current financial situation, long-term goal and market conditions as well. If the owner of such business needs immediately liquidity or want to diversify into any investment, selling it might be a next option.

 

[Lens_]

If a business is generating a very high income and it has a very good earning potentials. It is essential to keep such business because it will be a high income source to capitalize on.

 

[Flower]

It is also important to consider the tax implication whenever you want to make such decision. Selling the business could bring about a significant capital gains taxes, but when you retain it, it will allow you to continue income generation with lots of potential tax advantage.