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.