Entrepreneur

Depression at the end of a long running project is pretty common. All the stress and excitement, daily push and constant attention is pretty much addictive. Give yourself a good long transition and try to replace the work with something else. Cold turkey can be crushing.

All I know is, is to follow your gut! If you did reinvest, you would obviously then get more return on your business than 750k. You started that company from the ground. No one knows how much your companies worth like you do. If your happy with the 900k then go head. But don’t sell yourself short…. Just an example the founder of Victoria Secret sold his business for 1mil, soMthin like 5 or so years later( don’t quote me on the exact time) it was worth close to a billion or somthin like that. Once again don’t quote me on the specifics, but it’s somthing substantial like that!

Cash out have fun for 2 months and start better, calmer one.

I would sell it. I know the feeling is not great, but money is money, and it seems you encountered exactly what you were looking for with this business. Don't change your long-term plan because of emotions.

If you take the money now. You will have a fat tax bill, you'll be left with a nice amount - but not a life changing amount.

Its unlikely you will regret the second option. Even if somehow you fail. The lessons you will learn from stage 2 of growth are worth it and will elevate the way you operate as a person and entrepreneur forever. You also have something you know and seem to know how to scale.

I advised a company 10 years ago in the same place. We decided to stay the course on and grow it - but we made a big investment into the best person we could afford that would run the day to day (we paid $300k for an killer sales guy who could eventually run the business). Today that business does 4X that revenue and is run by the person we recruited - my client takes 2.5X the owner distributions they did back then and does very little work.

Really important to know when to take your profits. Not saying that's what you should do but how will you feel if you never have this opportunity again?

It's hard to evaluate without knowing the market, the comparables and the potential it has. If it's your dream opportunity or if something else looks interesting to you.

There are companies that can help you with the process and get you the best and most fair deal.

Congratulations on your success

What type of business is this?

Often some people are builders and some people are expanders. My advice - when you build the second time, you won't have the financial worries that keep you up at night and you will be much more robust.

Sell, build something else, sell again. Repeat.

It's a completely different skillset to make the next leap. It's way easier to build again.

You have more options. Keep it cruising at this size. Re invest the money. Don’t work as crazy (assuming it’s running better now than when starting). That way the cash you re invest into RE or stocks and you still own the asset?

Ask yourself would you buy your compass it is now for 750k and enthusiastically run it? Or would you rather take the 750k and do something else?

If you were ready to take it to the next level you wouldn’t consider selling it. You’d be 110% focused on scaling up exclusively. Your gut is telling you that you may be ready for the next chapter. I’d try to mark up my sell price as high as possible on the final settlement and use the profits to start acquiring property. 5 years from now instead of seeing if the business has grown or failed you could’ve acquired a rental portfolio of several units which gives you passive income for life and don’t have to put your energy into a business that doesn’t have a clear future.

I sold a business I built from scratch and owned for 14 years, my only regret was that I did not sell it earlier. My industry was declining due to rapidly changing technology and I didn’t see a long term future. I thought I would miss the industry but I didn’t for a minute.

The question I would be asking myself, if I do this for 2 or 3 more years, what do I think the business would be worth?

While $900k may seem like a lot money at 31 and it is but if you were 40 with a spouse and a family, $900k does not go very far, barely buys a nice house in a desirable area in the US.

I eventually took another job and started a whole new career, what was nice initially was the stress relief, not having to make payroll and taxes, having a direct deposit check every 2 weeks made my life so much easier. I will admit that it is often difficult not being the boss and having to play the corporate game. I often think about starting another new business but I have gotten too comfortable and recognize that it would take years to get to the income level I have today. It is a trade off. At your age, and being single, you have so many options to start over again with another business if you like.

Cash out and invest in real estate.

Then slowly build another business.

Sell it, take a vacation, participat ein some mastermind groups or some cool courses you would like to try, find a new passion, build a new business if you like, market it and have fun

Take the money invest in something less stressful and enjoy your life

It's your choice to make, you know what comes up in whatever path you took, since you made it simply to sale it when the time comes but now having so much love for it is a normal things, it is left for you coz there are still hurdles on the way for you.

Take it to the next level I sold my company for 20 million and looking back I could’ve got more than 30 had I’ve been patient and cleaned up some business practices!

keep it

Take the money, keep 5% and consult to other companies on what/how you did what you did. You’ll eventually be offered by another founder to either start a new company together. When you’ve had a break and you’re less burned out, it’ll be attractive again to start a new company.

You can also buy into the business you consult to, buying 5-10% of say 5 companies. Be on the board and consult to them for 1 day per month (paid role). So you work 1 week per month, basically and still earn.

If they won’t let you keep 5% equity of your original company, increase you price by 25% to fully sell. If you have 3 companies interested, 1 will accept it. If none do, keep the company and see it as a sign to take it to the next level.

Let the physical items go; grab the money! Then start another business! Or invest wisely!