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| *The Commerce Journal>>>Small Business |
Do I sell my business or stick it out? |
I started a small business at the age of 19. I ran summer camps and did this independently for 5 years. The business went from a small seasonal business that grew. After having my first child I hired someone else to run it but quickly got bored so I opened another location. I then sold my first location and made a good buck so my current business has very minimal debt (almost none). Residual income is the best income. most young millionaires rely heavily on theirs as I do mine. It seems like you have a rare opportunity. A business that essentially runs itself. If I were you I would try to grow it into something more substantial. The ideal scenario would be if you could grow it into a decent income with out doing anything. Then just pay the manager a good wage and scim the profits for yourself. That is the ultimate goal of any good business person. Seems like what ever you did is working, so invest and grow the business into an empire. U have very good advice coming in. Keep this as a residual income. Then when you become larger in this business expand into what ever you would like. Always remember "residual income". |
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