spiderpigparty

joined 11 months ago
[–] spiderpigparty@alien.top 1 points 11 months ago

Very true, the next stage would not be as gruelling due to already having a team and a slightly matured business.

[–] spiderpigparty@alien.top 1 points 11 months ago

Thank you. Im definitely addicted to business, but potentially it's time for the next experience.

[–] spiderpigparty@alien.top 1 points 11 months ago

100% I will whatever happens.

[–] spiderpigparty@alien.top 1 points 11 months ago

This is a very valid post. We absolutely have potential, our competitors can clearly see it. It's about who is willing to invest the time and money for it. It's not without risk, as regulations in our industry are changing as one example (but worth noting that although there would be more restrictions, this could potentially remove a lot of smaller one man bands from the competition which would help us).

[–] spiderpigparty@alien.top 1 points 11 months ago

That’s awesome, congratulations. That does sound nice…

[–] spiderpigparty@alien.top 1 points 11 months ago (3 children)

Appreciate your advice and experience in this. Relieved you haven’t looked back since.

[–] spiderpigparty@alien.top 1 points 11 months ago

Appreciate your advice and experience in this. Relieved you haven’t looked back since.

[–] spiderpigparty@alien.top 1 points 11 months ago (25 children)

Wise words. It’s definitely a rare opportunity. Starting a business is so hard, I don’t see myself building another in future

[–] spiderpigparty@alien.top 1 points 11 months ago

I think this is strong advice. Find the problems you want to solve, I think that was from Mark Manson. I believe I could make a good living with property. I see sticking with the business as the high risk potentially high reward route.

[–] spiderpigparty@alien.top 1 points 11 months ago

Thank you, appreciate that a lot. This is great, I have been wondering about potentially not exiting completely but I don’t quite know how that would work. A share swap is a potential option. Or maybe selling and retaining a small portion of shares if they would consider that.

I have a really great 2nd in command, they’ve actually been very involved in business development directly recently, which has worked well.

 

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.

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