Hey Brian, I was wondering what you would do in this situation: I own a pretty successful small business, and I recently got an pretty hefty buyout offer from a larger company. Would you take the offer, or would you wait it out to see if my business can increase profit on its own? Thanks!
@runnergirl12 I agree! It's very exciting and anything is possible. Some of the most inspiring stories (of people or businesses) are the ones where they began with little or nothing and made it big (its the "underdog" that we so love to see win against all odds, especially here in America).
I like the idea of starting a new business venture. There's just something incredible about watching something grow from the ground-up! Thanks, @BrianF.
@runnergirl12 There are a number of factors to consider in this case (and not enough space to expound on all of them here), but I'd ask you two questions: 1. Do you want to get out of that business? (ie- are you bored with it, can someone else run it better and grow it better than you?), and 2. Is the business still steadily growing in sales or has it plateaued? Based on these answers, you'd have a number of options to consider. At the end of the day, what do you want to do and are you the best person to continue running it? If you sell it, you'll have capital on-hand to start a new business venture (if that's what you desire).