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 10 months ago

MODERATORS

communick@indiehackers.space

Owning businesses in multiple states? (alien.top)

submitted 10 months ago by Jrad-Knows-How@alien.top to c/entrepreneur@indiehackers.space

6 comments fedilink hide all child comments

I started a service business 6 years ago in Washington, and I have the opportunity to buy a similar business in Colorado that does much better revenue than mine currently does.

Should I sell mine outright and go all in on the other one or should I consider "selling" mine as a franchise and continue to own it alongside the other one? The Brand names will be different, and the operation in Washington is more of an owner/operator concern at the moment, though there is some potential for expansion.

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

[–] itsyourlife007@alien.top 1 points 10 months ago

If the business in Colorado does much better than yours does in WA, I would sell the existing business and go all in on the other one.

Running two businesses in different states will take its toll on you, if you're not prepared for what's involved. But make sure you will be better off with the CO business.