Selling a tiny company

I’ve run my business for 16 years, aiming to retire by 50. Recently, my main competitor offered around 20 million to buy it. I’m in my early 40s and believe I could double its size in 8 years. However, considering the economic bubble and potential staff cuts post-sale, I’m torn. The money would secure my children’s future, but selling feels like abandoning ship. Unsure about life after business and seeking advice from those in similar situations.

You’ve built a gem of a business! There’s no right or wrong answer. Think about what matters most: security, legacy, or a blend of both.