Author Topic: He declined to sell his business for 8 figures...  (Read 498 times)

El_Viajero

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He declined to sell his business for 8 figures...
« on: September 12, 2017, 07:57:52 AM »
...because the money wouldn't make a fundamental difference in his life.

Here: https://medium.com/@wilreynolds/when-life-changing-money-isnt-c2f7d00a67f8


fattest_foot

  • Bristles
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Re: He declined to sell his business for 8 figures...
« Reply #1 on: September 12, 2017, 08:23:52 AM »
I've realized that business owners are a different breed than I am.

I would see owning his business as unneeded stress and offloading it for millions of dollars like hitting the jackpot. My line of thinking would be more like, "I can sell for $50M or 100M; the extra $50M doesn't make as big a difference to my quality of life" versus his rationale.

El_Viajero

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Re: He declined to sell his business for 8 figures...
« Reply #2 on: September 13, 2017, 07:51:23 AM »
As a business owner (solo consultant here, but still), I actually do understand his point of view. It's his baby. He enjoys running it. What's he going to do otherwise? He's already made his millions via revenue from the business + not having debt + living below his means. Any additional money is superfluous. He's got the control, and he wants to keep it. If he sells the business, he'll lose the very thing he enjoys.