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Business founders/entrepreneurs

Just musing about finances

5 replies

anythinginapinch · 26/11/2022 10:43

Say your business was a big success and you could either take out 150k a year for life and have someone else run it, OR sell it for say £4m but that's it - no more where that came from - which would you prefer?!

OP posts:
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Whatabouterry · 26/11/2022 10:44

Sell it. And then set up another one!

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determinedtomakethiswork · 26/11/2022 10:49

Well, £150,000 per year would last 27 years before you made £4m.

I would sell the company and get all the money now because God knows what the situation will be like in 27 years time.

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babbi · 26/11/2022 11:03

Sell , without question

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Hoppinggreen · 27/11/2022 15:22

Sell

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Mia85 · 27/11/2022 15:26

Doesn't it depend in part on the prospects for growth? Presumably there's a version where you take £150k for now and then sell at a possibly higher valuation later (but risk of lower too).

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