One of the things I thought about a bit over Christmas was my company, and whether I'd sell it. And it's been a recurring theme since.
So here's the pros/cons of selling;
Pros;
- I get a wad of money (though not as much as if I kept it for longer)
- I get a load of time (to spend as I want)
- I would be able to support my wife in her desire to buy a farm
- My wife would love me to do it
- I would have time (did I mention that?)
- I would be able to recover physically, and get fit again
- I would be able to take time out to visit/support missionaries/churches abroad
- I would be able to develop new bits of me
- I would lose my company
- I would not be in charge anymore
- What would I do?
- I would miss the social interaction
- If I sell now, I wouldn't get anywhere near as much money as if I held onto it for 1-3 years. (I've built the company with no intention of selling, so it has the foundations to go on and grow)
- I could get the management team to run the company giving me time, but not oodles of cash
I'm putting steps into place to promote someone into the role of Operations Director, and I have a great Sales Director. Over time the Sales Director could become MD, thus I become Chairman.
But how much of this is about ego? And what price freedom?
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