Quote:
Originally Posted by LWJ
Re-careered in 2004 after manufacturing decided to let me go.
Took a commission sales job and it was 2.5 years until I broke even. Increased each year after except for a car wreck and a big recession!
Sold to a co-worker and am coasting now...
The benefit of owning your own gig is you can sell a multiple of earnings.
That is where the money is. The key? Have a business that stands on its own that is worth buying.
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I get multiple emails a week from RIA rollups wanting to buy my business. I love what I do, have no interest in retiring, and don't respect most RIA's process and don't want to sell my clients into an inferior process. Maybe in ten years I'll be ready to step aside, but would prefer to pass the business on to a partner - that I don't currently have.