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.
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.