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Absolutely - I've had some silly offers lately from people wanting to buy but I've decided I've got another 5-10 years in me first..though when the sun's shining like it is today it's sorely tempting to sell up! Congrats on your past sale...so many people never get to that stage!
Originally Posted by Dabz
Make sure you make time for family & friends Dabz, enjoy life and if you enjoy work, that's a bonus. You must be enjoying it to be so successful.
My previous boss, the guy who we bought out with the MBO, told me it would never be the right time when you come to sell, it would be too early or too late. When I was made a silly offer end of 2018 I initially turned it down, fortunately for me they approached me a again early 2019 and this time I engaged my accountants corporate finance team and they helped me recognise what a great offer it was and to leverage up the EBITDA multiple by a significant amount .... which was nice ; ) I thought I was too young (at 55) but the deal meant money wasn't an issue so it was just squaring letting go and, even though leading the business meant a huge amount to me (I had been there 34 years, 15 as owner), family meant more and I haven't looked back since stepping away. If you're getting offers that mean money isn't an issue for either then I would suggest you at least give it some serious thought, there's more to life than running a business, even a great one.
Sensible words.
Not to mention if you really enjoy working, start up again and enjoy the challenge from the word go but never let it rule your life!
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