Submitted by [deleted] t3_10q88wy in personalfinance
radiant_workday t1_j6p1kmj wrote
Having an escape plan is always a good idea, even if no acquisition.
Best of luck to Frank. Building, growing, then selling a business (the REAL product he was creating all along!!!) is a tough & risky route in life. Or… is this an infusion of much needed capital where he probably can’t swing a large bank loan/bond? In which case, the new company has expertise & capital to help Frank achieve the next level…. Is your position capable of being done by the new owners and their staff? Example: payroll processing, HR, etc.
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