Most successful entrepreneurs will eventually need to decide whether to sell their businesses. If you are lucky enough to be in this position, ask yourself these questions:
1. Do I need to sell? Explore whether there are other options such as investing in assets with long-term value that push this question off until you are ready.
2. Can I take some chips off the table? Look at other options such as a recap, a dividend, or a partial sale of your stock.
3. Do I want to sell? What you want personally is as important as the dollar amount you might get. Ask yourself whether you will be happy or feel as if you sold out too soon.
Source: The Founder's Dilemma, by Anthony Tjan.
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