#1351 - Q&A: When is the right time to sell your business?
Side Hustle School
Chris Guillebeau
4.7 • 3.3K Ratings
🗓️ 12 September 2020
⏱️ 7 minutes
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Summary
Today’s listener has a rugby lifestyle brand, and he might be ready to sell! How does he know if the time is right, and what should he do next?
Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Show notes: SideHustleSchool.com
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Transcript
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| 0:00.0 | Crypto doesn't sleep, so neither do we. |
| 0:04.0 | Crack-in client support is available 24-7, 365 days a year by call, chat, or email. |
| 0:11.0 | We're here for you whenever you need us. |
| 0:14.0 | Give us a shout at crackin.com forward slash support proof, not investment advice. |
| 0:19.0 | Crypto trading involves risk of loss. |
| 0:23.0 | When should I sell my business and where do I sell it? |
| 0:30.0 | We talked about this question on one of the third-way calls recently, and today another listener is wondering something similar. |
| 0:36.0 | Welcome to Sadistle School. My name is Chris Gillibot. |
| 0:39.0 | So first of all, a couple things here to get to this point where you're even able to ask the question, |
| 0:44.0 | is it's reason to celebrate twofold? |
| 0:47.0 | Because first of all, this caller and anybody else in that situation, they have created an asset. |
| 0:52.0 | That's what it's all about. You're trying to create something that can make money for you, not just work harder. |
| 0:57.0 | Create something that can potentially earn money for you, which of course, when you're going to sell a business, that is a primary goal. |
| 1:02.0 | So wonderful. But secondly, another reason to celebrate might be because you're smart enough to realize that you might not want to do this thing forever. |
| 1:10.0 | Whatever it is that you have started, instead of just planning to operate it forever, you've actually thought, |
| 1:15.0 | oh, maybe I want to consider moving on. Maybe I want to ask myself, what's the next project? |
| 1:20.0 | I'm rather just trying to do both things or trying to continually start projects or just shut them down without getting any value from them. |
| 1:27.0 | Maybe there's a way to sell it. |
| 1:29.0 | So two reasons to celebrate, but when it's the right time, and then what do you do next? |
| 1:34.0 | How do you actually go about selling that business? |
| 1:37.0 | Well, we'll talk about in this episode. So glad you're here. Here's a message from our sponsor and then we'll dive right in. |
| 1:42.0 | Auras is a 119-year-old independent watch brand based out of Holstein, Switzerland. |
... |
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