Entrepreneur

0 readers

1 users here now

Rules

No Personal Attacks - criticism of ideas is allowed, attacking people is not.
Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.

Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.

founded 2 years ago

MODERATORS

communick@indiehackers.space

3 companies looking to acquire my business and I feel lost. (alien.top)

submitted 2 years ago by spiderpigparty@alien.top to c/entrepreneur@indiehackers.space

140 comments fedilink hide all child comments

Hi everyone,

31 years old, no kids.

I own a small business, and have received offers in the region of £750k. Plus cash in the business would give me a total equity value of around £900k on exit.

I started it 5 years ago now, with the dream that one day it could be sold. Well that day has come and I’m in a very fortunate position of having 3 companies submitting offers.

But, instead of feeling excitement, I feel a sense of dread that I’m doing the wrong thing. This business has been everything for me for 5 years. At points I have genuinely thought it would end up killing me and through the toughest days and weeks the thought of the end goal was often what kept me going. So not to be feeling a huge rush of excitement and relief right now is a surprise to me.

I have 2 options.

Exit the business and take the money. in this situation I would invest the profits in property and lead a considerably lower stress, yet comfortable lifestyle.
The second option is reinvest our profits and try and take it to the next level. This would invoicing recruiting, advertisement and investment in our general operations. I’d be committing to another 2 - 5 years and going back in balls deep. Obviously the risk here is we dramatically lower our profitability by doing so and fail to scale any further. I worry we may then miss what could be a once in a lifetime opportunity to sell a business for decent money.

Not really sure what I’m expecting to get by posting this, but if anyone has thoughts or has sold a business themselves, did you experience this? Did you regret it post sale? All advice appreciated.

you are viewing a single comment's thread
view the rest of the comments

[–] Both-Baseball-1182@alien.top 1 points 2 years ago

Do you think there’s room for bigger and better profits than the exit quotes you’re currently getting, if you continue to operate your business?

Do you think you have the will-power to keep going? Or even if you decide to sell, would you love to do this again?

Are you currently facing any major obstacles that an exit this huge would solve? More like a disaster waiting to happen?

I believe starting a business is arguably the hardest thing on earth closely followed by marrying a GEN Z baddie🙂

900k is life-changing money anywhere and you can 10X that in one year with the right investments.

Take a moment to evaluate how far you’ve come and the future you envision.

I pray the good lord gives you strength and direction 🙏

Let me know if there’s anything else I can help with.