So true about partnerships(don’t do it!) and aspiring small biz “investors”.
“I want to buy into your profitable business that I know nothing about, I’ll help make all decisions. And I’ll even pay a whole 2x multiple for the equity.”
So true about partnerships(don’t do it!) and aspiring small biz “investors”.
“I want to buy into your profitable business that I know nothing about, I’ll help make all decisions. And I’ll even pay a whole 2x multiple for the equity.”
Ha yes. The worst is when people want to buy a business having never even run one before. How exactly is that going to improve the management of the biz
Same issue I'm facing now. Put the feelers out, so far no buyers for 100% but multiple people want to 'partner' with me. Sure, put in same effort (though granted not a lot these days) for less % and have possibility of partner messing up and ruining my residual stake. Pointless. Will continue holding 100%, milking the cashflow and profits for a few more years and have less headaches.
So true about partnerships(don’t do it!) and aspiring small biz “investors”.
“I want to buy into your profitable business that I know nothing about, I’ll help make all decisions. And I’ll even pay a whole 2x multiple for the equity.”
These people are delusional.
Ha yes. The worst is when people want to buy a business having never even run one before. How exactly is that going to improve the management of the biz
Same issue I'm facing now. Put the feelers out, so far no buyers for 100% but multiple people want to 'partner' with me. Sure, put in same effort (though granted not a lot these days) for less % and have possibility of partner messing up and ruining my residual stake. Pointless. Will continue holding 100%, milking the cashflow and profits for a few more years and have less headaches.