When to sell your company
by Andrew on 10/03/08 at 10:34 pm
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Mike Stopforth raises some interesting questions about timing in selling your business:
You see – inventing a great social application is one thing. Making it popular is another. But once you’ve done both, knowing when it’s right to sell (even if you desperately want to carry on as far as possible) is what separates excitable entrepreneurs from spectacularly wealthy people. I should’ve quit when I tripled my money last night. I didn’t. I thought I could quadruple it. I got greedy.
Read Google, Microsoft, Digg And Quitting While You’re Ahead.
If you’ve made it far enough to have people offering money for business, you’ve made it a lot further than most of your peers! But it’s a question that we debate often, in the hope that when the time comes we’ll somehow make the right decision.
Andrew Smith is the pedantic systems guy behind Live Alchemy, a SA e-commerce company. Andrew writes for Ideate in an attempt to make the world a more efficient place. View more articles by Andrew.
