šŸ˜± The ugly truth about selling your business

Thereā€™s a better way to plan your business exit...

Selling your business can ruin your life.

Iā€™ve met dozens of founders that regretted sellingā€¦

And in my experience, thereā€™s a different, superior choice, which most founders havenā€™t even considered.

If youā€™ve thought about selling, you need to read this.

The Context

Last week I was sitting down with a friend who said he wished he never sold his agency.

His company was profiting nearly $1M per yearā€¦

He had largely removed himself from operationsā€¦

And life was good.

At the peak of his agency profit, he sold for a nice multi million dollar exit.

But now, heā€™s:

  • Struggling to figure out what to do next (itā€™s been 2 years since he sold)

  • Already went through the cash that was available for him to test different ideas

  • Heā€™s back at square one, and wishing he wasnā€™t

Key Reasons Founders Sell

When it comes to founders selling, there are several common reasons that consistently show up.

(You may even fall into one of them yourself):

  • Founder wants to sell because business is too stressful, theyā€™re burnt out, or donā€™t enjoy it anymore (this was my friendā€™s situation)

  • Founder wants to have the ego moment of saying they sold

  • Founder wants to exit to do something new

Now, hereā€™s the crazy part about selling most donā€™t consider:

  1. 80% of founders never get their full payout

No matter the reason, if you knew you werenā€™t going to get your money, would you reconsider?

  1. Founders donā€™t run the math

If you sold for $5M, do you know how much would be available, post-tax? This isnā€™t life changing money for most.

You may be able to:

  • Fund your next business launch 

  • Pay for your kids college 

  • Buy a house 

But this money goes away quickly.

Founders forget how long it takes to get a business off the ground.

So let me remind youā€¦ itā€™s HARD!

Because of all of these factors, I rarely recommend selling.

Instead, I recommend exiting.

  • Build your business so it can work without you

  • Set up a baller CEO to run the ship

  • Take your monthly dividend

You knowā€¦ the 2nd business Warren Buffet acquired was an insurance company.

The cash flow from that enabled him to leverage this one move for the rest of his careerā€¦

ā€¦We all know how that turned out.

For 98% of founders, exiting and keeping the cash flow is the better route long-term, rather than selling.

Something to think about!

The Exit Myth: Why Selling Might Be Your Biggest Mistake

ā€œI wish I never sold my agency.ā€

Iā€™ve heard this a lot more often than you'd think.

The allure of a big payday is tempting, but here's the harsh truth:

  • 80% of founders never get their full payout

  • That ā€œlife-changingā€ money? It disappears faster than you'd expect

  • Starting over is harder than you remember

But what if there was a better way?

At 8 Figure Agency, we're flipping the script on the traditional exit strategy.

Imagine keeping your successful agency, but without the day-to-day grind.

Sound impossible?

Itā€™s not ā€” weā€™ve seen founders successfully pull it off!

The secret:

  • Build a self-sustaining business

  • Install a rockstar CEO

  • Enjoy the monthly dividends

If youā€™ve thought (or are currently thinking) about selling your businessā€¦

We believe thereā€™s a better way.

And weā€™ll help you determine some potential strategies for your business exitā€¦

To set you up for maximum success in the future.

Stay happy, stay hungry,

Jordan Ross

CEO & Founder @ 8 Figure Agency

P.S. Feeling stuck on where to focus your energy for maximum growth?

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