I would say that the most objective way to decide would be to simply take a pen and paper. Get away from all the distractions and start making two comparison lists. One which defines the advantages of selling your business at this stage and one with advantages of not selling it.
Write down bullet points. Include everything like what you would do, should you sell it, your financial situation as well as ambitions in the near future, your plans for the future, both for business and for family (should you want that) etc. Cover as many aspects as you can possibly think of. Don’t rush it, take a day or two to work on it. Finally, look at both the lists in parallel, without having any prejudged bias for one side.
Without knowing the variables and conditions at your end, my general advice would be to sell it. Financially, it gives you a good base to build your life upon. Additionally, you now have the funds and experience to start a new business (should you want that). Believe me, the new project, though would require your time, wouldn’t be as much blood and sweat as the first one. You can now hire the right staff (because of your funds and expertise) to manage a lot of the trivial work load and you would be well aware of a lot of processes, policy level implementations, registrations etc. While dishing out most of the tasks to your employees, you look after the core stuff and decisions. This way, you grow, while enjoying the process and without too much pain.
I would say that the most objective way to decide would be to simply take a pen and paper. Get away from all the distractions and start making two comparison lists. One which defines the advantages of selling your business at this stage and one with advantages of not selling it.
Write down bullet points. Include everything like what you would do, should you sell it, your financial situation as well as ambitions in the near future, your plans for the future, both for business and for family (should you want that) etc. Cover as many aspects as you can possibly think of. Don’t rush it, take a day or two to work on it. Finally, look at both the lists in parallel, without having any prejudged bias for one side.
Without knowing the variables and conditions at your end, my general advice would be to sell it. Financially, it gives you a good base to build your life upon. Additionally, you now have the funds and experience to start a new business (should you want that). Believe me, the new project, though would require your time, wouldn’t be as much blood and sweat as the first one. You can now hire the right staff (because of your funds and expertise) to manage a lot of the trivial work load and you would be well aware of a lot of processes, policy level implementations, registrations etc. While dishing out most of the tasks to your employees, you look after the core stuff and decisions. This way, you grow, while enjoying the process and without too much pain.
Hoping you have a great future.