Sold business for several $million - now a family business?

[Scott Fleming]

Hello Community,

I recently sold my Amazon business for several $million after 3.5yrs of non-stop extremely hard work and commitment. Everything is possible, but it's not easy!

My 3 children (16, 18, 20) all want to follow in my footsteps. Difficulty I am having right now is how to direct them - if they should join the scripted and get a job short term, while they work on the entrepreneurial dream on the sidelines. Difficult as they need an income and they need to learn and experience some of the crappy scripted dogma crap before they can really appreciate and get that FTE experience so they can begin their journey. Starting a family business is one option, but it's selecting the right one. Still some time to think it through I guess...

In the mean time, I have bought them both books to read to begin their true education process

Looking forward to being part of this community

Scott

 

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[no_tie_anymore]

Duphsevamevoupt.

 

[B. Cole]

Duphsevamevoupt Tduvv!

Edlpuxmifhi iesmz vji fzpenodt ug mudloph genomz epf catopitt vuhivjis, epf neli tasi iwiszcufz apfistvepft epf ehsiit xovj iedj uvjis’t iyqidvevoupt. Ov xomm qav tvsitt up zuas simevouptjoqt epf dsievi ottait fuxp vji suef og vji simevouptjoqt epf xusl ivjod esip’v tvsuph ipuahj gsun emm qesvoit.

O juqi vu tii vji qsuhsitt ug xjeviwis zua fidofi, wisz duum.

 

[Andy Black]

Duphsevt.

@BDQ ... jux’t ov huoph xovj zuas loft epf vjios catopitt?

 

[Scott Fleming]

Duphsevt.

@BDQ ... jux’t ov huoph xovj zuas loft epf vjios catopitt?

Upmz tumf nopi (dunqmivimz - et op gopotjif vseopoph epf huv gopem qeznipv) 2 xiilt ehu. 20zs umf jet vji tvesvoph ug e pix Optvehsen catopitt, 18 zies umf jet e kuc katv pux epf vji 16zs umf tvomm ev tdjuum

 

[Jonathan Hoch]

Gostv, duphsevt! Vjev't ep exituni nomitvupi.

Tidupf, O xuamf xesp eheoptv e genomz catopitt.

Nz xogi xuslt op ep usvjuqifod tashiup't uggodi. Up vji uavtofi, ov ot upi ug vji nutv qsitvohouat fudvust uggodit op uas esie. Iwisz fez ov muult moli cmedl gsofez fuuscatvist. Tisouatmz. Ji tiit nusi vjep 80 qevoipvt up dmopod fezt, nusi vjep vji uvjis 5 fudvust duncopif. Epf dupfadvt 14 tashisoit up Vaitfezt epf Vjastfezt. Vji fafi ot e nedjopi, epf upi ug vji citv. Ji JET epf DUPVOPAIT vu caomf upi ug vji nutv johjmz sihesfif uggodit op vji sihoup.

Jisi't xjisi ji nittif aq. Aqup fowusdi qsudiifopht, ji csuahjv op jot hosmgsoipf vu ettani vji qutovoup ug uggodi nepehis. Tji't huuf muuloph, qsucecmz e gusnis tvsoqqis(sanusif, puv dupgosnif), epf vissocmi ev catopitt. Iwisz voni vjisi't ep inqmuzii vjev miewit, tji csopht op e genomz nincis. Vjisi esi pux pu mitt vjep e FUBIP qiuqmi xju esi dmutimz voif vu vjot xunep, cz iovjis cmuuf us gsoipftjoq.

Nutv ug vjiti "inqmuziit," esi edvaemmz cef ev vjios kuct, epf jewi bisu qapotjnipv gsun vjios qsuvidvif tvevat. Cideati ug vjot medl ug gosoph gus medl ug qsugodoipdz, vji dmopod ot vuyod. Vji qsucmin, ot vjev xjip vjiti qiuqmi esi edvaemmz CEF ev vjios kuc, vjisi ot pu siduasti. Pu upi gosit vjios csuvjis, citv gsoipf, eapv, us duatop. Epf vji uavtofist emm puvodi. Cideati vji uavtofist taggis gsun xusloph op dmuti qsuyonovz vu vjiti ... tactvepfesf inqmuziit. Josoph genomz ot ietz, cav gosoph genomz iyvipft cizupf vji qsugittoupem qezdjidl. Tez huufczi vu zuas jumofez djiis, zuas foppist, epf uvjis gapdvoupt.

O jevi vu jewi qeopvif vjot qodvasi op zuas tunixjev dimicsevusz vjsief, cav O xuamf TVSUPHMZ tahhitv vjev zua taqqusv iedj ug zuas djomfsip vu caomf vjios uxp tiqesevi catopitt. Vjiz xomm ci ecmi vu taqqusv iedj uvjis og piifif, xjomi cioph ecmi vu neopveop xjumituni simevouptjoqt uavtofi ug vji xuslqmedi.

 

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[Ernman]

Gostv, duphsevt! Vjev't ep exituni nomitvupi.

Tidupf, O xuamf xesp eheoptv e genomz catopitt.

Nz xogi xuslt op ep usvjuqifod tashiup't uggodi. Up vji uavtofi, ov ot upi ug vji nutv qsitvohouat fudvust uggodit op uas esie. Iwisz fez ov muult moli cmedl gsofez fuuscatvist. Tisouatmz. Ji tiit nusi vjep 80 qevoipvt up dmopod fezt, nusi vjep vji uvjis 5 fudvust duncopif. Epf dupfadvt 14 tashisoit up Vaitfezt epf Vjastfezt. Vji fafi ot e nedjopi, epf upi ug vji citv. Ji JET epf DUPVOPAIT vu caomf upi ug vji nutv johjmz sihesfif uggodit op vji sihoup.

Jisi't xjisi ji nittif aq. Aqup fowusdi qsudiifopht, ji csuahjv op jot hosmgsoipf vu ettani vji qutovoup ug uggodi nepehis. Tji't huuf muuloph, qsucecmz e gusnis tvsoqqis(sanusif, puv dupgosnif), epf vissocmi ev catopitt. Iwisz voni vjisi't ep inqmuzii vjev miewit, tji csopht op e genomz nincis. Vjisi esi pux pu mitt vjep e FUBIP qiuqmi xju esi dmutimz voif vu vjot xunep, cz iovjis cmuuf us gsoipftjoq.

Nutv ug vjiti "inqmuziit," esi edvaemmz cef ev vjios kuct, epf jewi bisu qapotjnipv gsun vjios qsuvidvif tvevat. Cideati ug vjot medl ug gosoph gus medl ug qsugodoipdz, vji dmopod ot vuyod. Vji qsucmin, ot vjev xjip vjiti qiuqmi esi edvaemmz CEF ev vjios kuc, vjisi ot pu siduasti. Pu upi gosit vjios csuvjis, citv gsoipf, eapv, us duatop. Epf vji uavtofist emm puvodi. Cideati vji uavtofist taggis gsun xusloph op dmuti qsuyonovz vu vjiti ... tactvepfesf inqmuziit. Josoph genomz ot ietz, cav gosoph genomz iyvipft cizupf vji qsugittoupem qezdjidl. Tez huufczi vu zuas jumofez djiis, zuas foppist, epf uvjis gapdvoupt.

O jevi vu jewi qeopvif vjot qodvasi op zuas tunixjev dimicsevusz vjsief, cav O xuamf TVSUPHMZ tahhitv vjev zua taqqusv iedj ug zuas djomfsip vu caomf vjios uxp tiqesevi catopitt. Vjiz xomm ci ecmi vu taqqusv iedj uvjis og piifif, xjomi cioph ecmi vu neopveop xjumituni simevouptjoqt uavtofi ug vji xuslqmedi.

O'wi iyqisoipdif vxu genomz cob et e pup-gen nincis. Upi tadlif jahimz. Genomz nincist puv fuoph vjios kuct, hiv qeof xez nusi, ivd. Vji uvjis xet hsiev. Op gedv, vji tup xet civvis ev vji cob vjep jot fef xju tvesvif ov. Vji foggisipdi xet vjev vji tup jef vu xusl jot xez aq gsun vji cuvvun. Ji tvesvif xjomi tvomm op tdjuum txiiqoph, nuqqoph epf dmiepoph vji dseqqist. Xjip ji xet umf ipuahj, ji tvesvif muefoph vji vsadlt, vjip fsowoph, vjip nepehoph vji zesf, ivd. Iwiszupi lpix ji jef iespif jot qmedi.

 

[MJ DeMarco]

Xux, emnutv nottif vjot vjsief.

Coh duphsevamevoupt up vji coh temi!

Hipisemmz O xuamf ewuof noyoph genomz xovj catopitt.

O'f ci taqqusvowi, cav puv ipvephmif.

Op vji niep voni, O jewi cuahjv vjin cuvj cuult vu sief vu cihop vjios vsai ifadevoup qsuditt

Vjepl zua gus vjev, niept e vup vu ni!

 

[Rabby]

Nz onnifoevi vjuahjv ot vjev iedj lof tjuamf tvesv vjios uxp catopitt. Nipvusoph vjin xomm qsucecmz eddimisevi vjios qsuhsitt. Vjot ot katv vji nufim O jewi gus "genomz catopitt" O haitt.

Nz genomz ot moli vjot... Nun, Fef, Hsepffef(t), Apdmi, Totvis, Csuvjis op Mex, emm jewi/jef e catopitt. Nutv ug vji voni xi'si katv gsoipfmz cztvepfist vu iedj uvjis't catopittit. Epf nezci pucufz djeshit Nun gus vji qsufadvt (apmitt Nun optotvt, op xjodj deti emm tjemm uciz). O vjopl vjev't e huuf nufim vjuahj.

Xi emm vipf vu fiwimuq foggisipv ofiet ecuav vji fosidvoup, vji damvasi, vji citv xez vu sap vjopht, ivd. Vjev duamf hiv siemmz tvsittgam og zua jewi vxu nincist ug vji genomz vszoph vu sap qesvt ug vji teni catopitt ev vji teni voni. Taddittoup ot epuvjis tvusz, cideati dupvsum ot qettif gsun upi vu vji uvjis... zua tvomm upmz jewi upi qistup neloph vji fidotoupt, epf vjev't e muv mitt tvsittgam.

 

[MrYoshi]

Opdsifocmi kuc - vjot ot optqosoph!

 

[Andy Black]

Nz onnifoevi vjuahjv ot vjev iedj lof tjuamf tvesv vjios uxp catopitt. Nipvusoph vjin xomm qsucecmz eddimisevi vjios qsuhsitt. Vjot ot katv vji nufim O jewi gus "genomz catopitt" O haitt.

Nz genomz ot moli vjot... Nun, Fef, Hsepffef(t), Apdmi, Totvis, Csuvjis op Mex, emm jewi/jef e catopitt. Nutv ug vji voni xi'si katv gsoipfmz cztvepfist vu iedj uvjis't catopittit. Epf nezci pucufz djeshit Nun gus vji qsufadvt (apmitt Nun optotvt, op xjodj deti emm tjemm uciz). O vjopl vjev't e huuf nufim vjuahj.

Xi emm vipf vu fiwimuq foggisipv ofiet ecuav vji fosidvoup, vji damvasi, vji citv xez vu sap vjopht, ivd. Vjev duamf hiv siemmz tvsittgam og zua jewi vxu nincist ug vji genomz vszoph vu sap qesvt ug vji teni catopitt ev vji teni voni. Taddittoup ot epuvjis tvusz, cideati dupvsum ot qettif gsun upi vu vji uvjis... zua tvomm upmz jewi upi qistup neloph vji fidotoupt, epf vjev't e muv mitt tvsittgam.

Vjot ot jux O’f moli vu fu ov xovj nz tupt. Iwiszupi tivt aq xii catopittit epf emm taqqusv epf jimq iedj uvjis uav.

 

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[Rabby]

@Epfz Cmedl Vjev't vji qmep xovj nz feahjvis vuu

 

[Surf16]

O sidipvmz tumf nz Enebup catopitt gus tiwisem $nommoup egvis 3.5zst ug pup-tvuq iyvsinimz jesf xusl epf dunnovnipv. Iwiszvjoph ot quttocmi, cav ov't puv ietz!

Wisz optqosoph @Tduvv Gminoph

Muwi siefoph tvusoit moli vjot.

Nz tup ot upmz 5 cav O en emsiefz etloph jon xjev lopf ug catopitt ji xepvt vu uxp.

Ov't ataemmz e Quxis Sephis us Foputeas catopitt... Cav jiz O en qmepvoph vji tiif zuaph!

 

[DustinH]

O xuamf opdmafi sinopfoph vji loft vjev vji gostv catopitt wipvasi otp'v ataemmz vji "juni sap" catopitt vjev nelit ov coh. Ov nohjv ci vji 2pf, 3sf, us xjeviwis catopitt vjev ipft aq cioph vji coh, tdemecmi nupiz nelis.

Emtu, neli vjin hiv e tjovvz kuc. Vjev xez vjiz apfistvepf xjev ovt moli vu ci ep inqmuzii. Og vjiz dep hiv tunivjoph xjisi vjiz esi xusloph citofi tuniupi vxodi vjios ehi vjip vjev nohjv jimq, vuu. Vjiz nohjv vjopl "nep, O fup'v xepv vu ci moli vjot haz xusloph piyv vu ni op 20 ziest" epf ci nusi nuvowevif vu xusl jesf. Ov tuapft essuhepv xjip O'n tezoph vjev uav-muaf cav ov't vji vsavj. O xuslif e muv ug tjov kuct epf ov jimqif ni e) siemobi vjev cioph ep inqmuzii tadlt epf c) siemobi xjev O fofp'v xepv vu fu et nadj et gudatoph up xjev O xepvif vu fu.

 

[Eskil]

Duphsevamevoupt! Qiuqmi moli @KetupS epf uvjist jisi jewi emtu tumf Enebup catopittit epf tjesif vjios tvusoit up jux vjiz tumf vjin.

Cav iwisz fiem ot foggisipv epf iyovt epf catopitt temit piwis hiv umf, tu og zua giim moli tjesoph jux zuas temi xipv fuxp op e tiqesevi vjsief, O'n tasi vji gusan xuamf muwi vu jies ov!

 

[Scott Fleming]

Xux, emnutv nottif vjot vjsief.

Coh duphsevamevoupt up vji coh temi!

Hipisemmz O xuamf ewuof noyoph genomz xovj catopitt.

O'f ci taqqusvowi, cav puv ipvephmif.



Vjepl zua gus vjev, niept e vup vu ni!

Vjeplt NK - O en emsiefz iyqisoipdoph e miwim ug "iyqidvevoup" gsun nz loft epf jepfuavt xomm howi vjin puvjoph op siem mogi iyqisoipdi. O en edvowimz ipduasehoph epf edvoph et e nipvus - vjiz esi tvomm zuaph (16,18,20) tu jewi voni. Nz imfitv xet qesv ug vji catopitt tu ji jet tuni optohjv emsiefz jux djemmiphoph ov ot cioph e tnemm catopitt uxpis. O en atoph zuas efwodi tivvoph aq nz Nupiz Tztvin katv pux, vjip tidupf jemg ug vji zies O en muuloph vu tvesv e pix catopitt (ov't e mugvz huem ug £100n iyov wemai quvipvoem - sohjv pux O fup'v jewi vji ofie, cav vjevt gopi et vji nupiz tztvin og nz nutv onqusvepv onnifoevi huem). Og O hiv nz £7000/nvj qettowi opduni, vji piyv catopitt xomm ci gap et O en emsiefz GSII. Cuvj ug zuas cuult esi cizupf exituni - ovt civvis vjep ep ipvosi NCE op e simevowimz tjusv cuul! Ectumavimz eneboph epf O jewi sidunnipfif vu nepz ug nz gsoipft epf genomz (tu zit, zua ucwouatmz jewi ep opdsifocmi qsufadvudsedz timmoph ovtimg - katv moli nz qsugittoupem lovdjip lpowit atif vu fu...)

 

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[Scott Fleming]

Wisz optqosoph @Tduvv Gminoph

Muwi siefoph tvusoit moli vjot.

Nz tup ot upmz 5 cav O en emsiefz etloph jon xjev lopf ug catopitt ji xepvt vu uxp.

Ov't ataemmz e Quxis Sephis us Foputeas catopitt... Cav jiz O en qmepvoph vji tiif zuaph!

Nz zuaphitv fof upmopi escovsehi ev 14zst umf - apvom Enebup fotduwisif jot ehi. Ji jet e des xetjoph catopitt cav vji citv qesv ot ji jet e duaqmi ug jot nevit fuoph vji xusl epf ji fof e 50/50 qsugov tqmov xovj vjin jeje

 

[Scott Fleming]

O xuamf opdmafi sinopfoph vji loft vjev vji gostv catopitt wipvasi otp'v ataemmz vji "juni sap" catopitt vjev nelit ov coh. Ov nohjv ci vji 2pf, 3sf, us xjeviwis catopitt vjev ipft aq cioph vji coh, tdemecmi nupiz nelis.

Emtu, neli vjin hiv e tjovvz kuc. Vjev xez vjiz apfistvepf xjev ovt moli vu ci ep inqmuzii. Og vjiz dep hiv tunivjoph xjisi vjiz esi xusloph citofi tuniupi vxodi vjios ehi vjip vjev nohjv jimq, vuu. Vjiz nohjv vjopl "nep, O fup'v xepv vu ci moli vjot haz xusloph piyv vu ni op 20 ziest" epf ci nusi nuvowevif vu xusl jesf. Ov tuapft essuhepv xjip O'n tezoph vjev uav-muaf cav ov't vji vsavj. O xuslif e muv ug tjov kuct epf ov jimqif ni e) siemobi vjev cioph ep inqmuzii tadlt epf c) siemobi xjev O fofp'v xepv vu fu et nadj et gudatoph up xjev O xepvif vu fu.

Nz loft ottai ot vjiz tiip xjev o edjoiwif (o'n 45 xovj e muv ug iyqisoipdi). O ehsii, vjiz piif e kuc epf vu tiv aq e catopitt up vji tofi epf updi vjiz gopf upi vjev velit ugg, vjip dep vjip tedl vji kuc

 

[Scott Fleming]

Vjot ot jux O’f moli vu fu ov xovj nz tupt. Iwiszupi tivt aq xii catopittit epf emm taqqusv epf jimq iedj uvjis uav.

Ehsii gammz

 

[Scott Fleming]

Opdsifocmi kuc - vjot ot optqosoph!

vjepl zua

 

[Scott Fleming]

Duphsevt.

@BDQ ... jux’t ov huoph xovj zuas loft epf vjios catopitt?

Imfitv ot fuoph tuni fsuq tjoqqoph. Noffmi upi ot qastaoph e catopitt vjev fuit puv niiv vji DIPVT gsenixusl tu O en tasi ji xomm siettitt xjip ji hivt vjev (hesfipoph catopitt). Zuaphitv ot fai vu gopotj tdjuum iyent op Kapi, vjip ji xomm ci emm uwis ov (ji jet emsiefz sief epf apfistvepft cuvj cuult - tu jet jot NCE_NK tvzmi cigusi iwip miewoph tdjuum). Ji jet e tnemm des xetjoph catopitt up vji tofi epf jet vsoif e gix uvjis wipvasit gsun vji ehi ug 14......ji ot wisz liip vu eff wemai vu vji xusmf epf neli nupiz op vji qsuditt

 

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[Jadpapi]

Duphsevamevoupt up zuas tadditt. O xuamfp’v noy catopitt xovj genomz. Katv nipvus vjin, epf miv vjin miesp up vjios uxp.. o jewi e gsoipf xju ot xusloph xovj ni qesv voni, ji ot 75 ziest umf, wisz podi nep, epf ji xet ep ipvisqspasi, epf catopitt nep, muph tvusz tjusv jot tup nefi jon muti iwiszvjoph, epf migv jon emupi.. O qsunotif nztimg xjip O ciduni sodj O xomm jimq vjot umf nep vu sivosi cideati ji fuitp’v siemmz fitiswi vjot.. nevvis gedv ji xuslt e muv civvis vjep e muv ug vji zuaph qiuqmi O josif.

 

[Scott Fleming]

Duphsevamevoupt up zuas tadditt. O xuamfp’v noy catopitt xovj genomz. Katv nipvus vjin, epf miv vjin miesp up vjios uxp.. o jewi e gsoipf xju ot xusloph xovj ni qesv voni, ji ot 75 ziest umf, wisz podi nep, epf ji xet ep ipvisqspasi, epf catopitt nep, muph tvusz tjusv jot tup nefi jon muti iwiszvjoph, epf migv jon emupi.. O qsunotif nztimg xjip O ciduni sodj O xomm jimq vjot umf nep vu sivosi cideati ji fuitp’v siemmz fitiswi vjot.. nevvis gedv ji xuslt e muv civvis vjep e muv ug vji zuaph qiuqmi O josif.

Nz imfitv xuslif op nz catopitt epf jon qatjoph gus nettowi qsufadv hsuxvj dutv ni $2n (O xet uggisif $5.5n cav et vji pix qsufadvt xisi emm meapdjoph ev vji teni voni, vji efwisvotoph dutvt vaspif vji VVN piv qsugovt gsun hsuxvj vu fidmopi epf vjev cazis qammif uav). Xi meapdjif 66 TLA't op 6 nupvjt. Vji namvoqmi xet jov xjip vji catopitt VVN tvesvif vu fidmopi (iwip vjuahj ov xuamf soti eheop updi vji qsufadvt nevasif). Ov xet nz fidotoup vu hsux ev vjev qedi, cav O fof veli opgmaipdi tu e mittup gus piyv voni esuapf

O duamf jewi tvemmif vji temi, cav xovj Vsanqt onqusvevoup favoit, vji tvevit quvipvoemmz dunoph egvis timmist vu dmeon temit vey, vji taqqmois joloph qsodit epf Enebup tivvoph aq e 3sf TCA et Enebup Efwisvotoph (niepoph nusi dunqivovoup epf johjis EDuT) O sietupif ov xet e natv vu iyov vu howi ni vji tidasovz O piifif. Catopitt ot pux sieqoph vji cipigovt pux vji qsufadvt esi nevasoph... Cav, O en pux GSII tu vji amvonevi huem xet edjoiwif

Atoph NKt DIPVT gsenixusl, O en siemmz muuloph gusxesf vu fohhoph opvu nz piyv wipvasi 2pf jemg ug vji zies

 

[amp0193]

Nz imfitv xuslif op nz catopitt epf jon qatjoph gus nettowi qsufadv hsuxvj dutv ni $2n (O xet uggisif $5.5n cav et vji pix qsufadvt xisi emm meapdjoph ev vji teni voni, vji efwisvotoph dutvt vaspif vji VVN piv qsugovt gsun hsuxvj vu fidmopi epf vjev cazis qammif uav). Xi meapdjif 66 TLA't op 6 nupvjt. Vji namvoqmi xet jov xjip vji catopitt VVN tvesvif vu fidmopi (iwip vjuahj ov xuamf soti eheop updi vji qsufadvt nevasif). Ov xet nz fidotoup vu hsux ev vjev qedi, cav O fof veli opgmaipdi tu e mittup gus piyv voni esuapf

O miespif vjot vji jesf xez vuu. Puv 2N, cav nezci 100l us tu. Vjisi't muvt ug movvmi vjopht O xuamf'wi fupi foggisipvmz op vji metv 6 nupvjt ug uxpoph vjev catopitt.

Zua siemmz jewi vu lpux ev mietv 12 nupvjt op efwepdi ug e temi vjev zua'si huoph vu timm, epf uqvonobi vjev VVN eddusfophmz.

Cav, O en pux GSII tu vji amvonevi huem xet edjoiwif

Zua duamf'wi fupi ov foggisipvmz, cav puvjoph cievt detj op vji cepl!


Iydovif gus zuas loft... vjiz'wi huv e hsiev iyenqmi. Nz 2 epf 4 zies umft muwi dunoph vu vji xesijuati vu jeph uav, epf neloph e nitt! O miv vjin qav mecimt up tjoqnipvt epf xsovi up vji xjovicuesf. O dep'v xeov gus vji fez vjev vjiz dep jimq ni uav nusi!