Episode 344: TMBA344: 5 Reasons Not to Sell Your Business
Tropical MBA: Entrepreneurship & Founder Lifestyle
Dan Andrews; Ian Schoen
4.9 • 527 Ratings
🗓️ 7 July 2016
⏱️ 21 minutes
🧾️ Download transcript
Summary
http://www.tropicalmba.com/notsell/ It's been almost a year to the date since Dan and Ian sold their business. They don't regret the decision, but in the time since then, the two of them have explored a lot of "what ifs" in their head.
A lot of listeners have approached them recently who are considering selling their business as well. On this week's episode, you'll hear some of the questions that listeners approached them with, as well as five reasons why selling your business might not be the right idea for you.
Transcript
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| 0:00.0 | You really think you can come in here and buy me out white. |
| 0:02.7 | You're a lot dumber than I thought. |
| 0:04.3 | Oh, I don't think I'm a lot dumber than you thought that I think that I thought I was once. |
| 0:11.4 | Hey, podcast, listener. |
| 0:12.8 | Even if you are alone in your entrepreneurial journey, know that today, right now in your earbuds, |
| 0:17.3 | you are joined by thousands of entrepreneurs from all around the globe seeking to |
| 0:21.7 | grow better, more profitable, location independent businesses. If you'd like to learn more about |
| 0:26.8 | what we do and download our entire back catalog, check out tropical MBA.com. |
| 0:42.7 | So boss, man, as I alluded to last week, you don't, not really inform on the topic. |
| 0:49.9 | I am going to, on today's show, give my top five reasons not to sell your business, |
| 1:02.5 | not because I'm regretful necessarily, but over the past few months, because it was almost a year to the date that we signed the papers and the buyer plunked the cash into the bank accounts. |
| 1:03.4 | It was a nice day. |
| 1:05.1 | I'm interested to hear about this topic. |
| 1:08.1 | I think I'll have a different opinion than you do on a lot of these things. |
| 1:11.0 | And I also notice that I have a lot more gray hair than you have. |
| 1:16.2 | So interesting to hear your perspective on this. Well, I'll tell you the motivation behind this is because so many entrepreneurs that listen to the show that hang out in our forum have been calling me and |
| 1:21.4 | saying, I need some advice. I actually talked to a few members at the conference as well. |
| 1:25.3 | I was going to say, yeah, at DCBCN here in Barcelona, we had an |
| 1:29.1 | event. And several people approached me and asking me about my experience of selling the business |
| 1:33.7 | because they were in a similar position where they felt like they could maybe sell and, you know, |
| 1:37.9 | seeing if it was a good time to get out. Let me clarify what DCBCN just means. D.C. stands for |
| 1:42.2 | Dynamite Circle, which is the private forum that we invite location |
... |
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