Re:My Startup made $290,475.48 in 26 month and I'm shutting ...
by bwagy on Wednesday April 02, 2014 @10:04PM
(#7520455)
Off a small base those numbers aren't bad.
You have a few options
- Exit, sell to someone else.
- Explore a management buyout, if you have a strong number two who wants to run it. You can remain as advisor / chairman.
- Find a partner who you can bring on to help grow it.
I suspect you probably just need a bit of a break to rest refresh - come back and look at what can you can do to achieve breakout growth. And I'd try get a partner to help, businesses with two partners grow 30% faster.
Year 2 of our business we were similar, we built a game plan anchored on achieving 20% month on month growth - we didn't know how we could do it but figured it out as we went. It certainly doesn't sound like you lack ambition!
You have a few options - Exit, sell to someone else. - Explore a management buyout, if you have a strong number two who wants to run it. You can remain as advisor / chairman. - Find a partner who you can bring on to help grow it.
I suspect you probably just need a bit of a break to rest refresh - come back and look at what can you can do to achieve breakout growth. And I'd try get a partner to help, businesses with two partners grow 30% faster.
Year 2 of our business we were similar, we built a game plan anchored on achieving 20% month on month growth - we didn't know how we could do it but figured it out as we went. It certainly doesn't sound like you lack ambition!