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DeletedUser2
Guest
if you build it, and can keep it going in an evergreen market. great.
one of the reasons of the exit is to
1. get a lump sum of cash that you can position yourself in a much more passive way
2. reduce risk of exactly what you mentioned, holding to long.
3. change up your asset classes so your not so weighted in 1 biz. (yours)
4. to stop and enjoy some things you want to.
now you dont have to exit, you could enjoy the cashflow for a while. here is why MJ did and exit rather than keeping it.
He determined that he either had to grow and hire people, or let it shrink over time. or sell now. h
he sold.
good move if you dont want to take on the next level of growth.
however if you get to a good size, enjoying the fruits of a fastlane biz, you will realize nothing ever stays static. meaning, some competitor out there, or some young stud will eye your market, and start moving in on you. then you either grow, or sell.
at somepoint tho, you may want to not be in that rat race for too long, and decide to exit.
hope that helps.
one of the reasons of the exit is to
1. get a lump sum of cash that you can position yourself in a much more passive way
2. reduce risk of exactly what you mentioned, holding to long.
3. change up your asset classes so your not so weighted in 1 biz. (yours)
4. to stop and enjoy some things you want to.
now you dont have to exit, you could enjoy the cashflow for a while. here is why MJ did and exit rather than keeping it.
He determined that he either had to grow and hire people, or let it shrink over time. or sell now. h
he sold.
good move if you dont want to take on the next level of growth.
however if you get to a good size, enjoying the fruits of a fastlane biz, you will realize nothing ever stays static. meaning, some competitor out there, or some young stud will eye your market, and start moving in on you. then you either grow, or sell.
at somepoint tho, you may want to not be in that rat race for too long, and decide to exit.
hope that helps.