Monday, 21 January 2008

Do I sell my company?


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
Cons
  • 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 starting to struggle with motivation. I enjoy strategy and strategic meetings. But I've run out of motivation to get involved in detail. I'm really acting as a part time Managing Director, working three days. But I'm doing this blog at work right now because I want to do this more.

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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