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Is My Business Sellable
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Key takeaways
- Is this business even sellable ever?
- If you're an educator, you make all the money that you would have made on a sale every year.
- So, would you rather make 80 million and work for 8 years and make 100 grand a year for the 7 years leading up, or would you rather make 10 million a year for those time that time period?
- I don't think there's anything wrong with that.
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Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00Is this business even sellable ever? >> No. >> What about mine? >> Uh unlikely. Here's the deal. If you're an educator, you make all the money that you would have made on a sale every year. That's the trade. So, would you rather make 80 million and work for 8 years and make 100 grand a year for the 7 years leading up, or would you rather make 10 million a year for those time that time period? Pay regular income and realistically you probably wouldn't make 10, you'd make five. I don't think there's anything wrong with that. You live every year of your life. If you can live a better life for all 8 years, I think it's a [ __ ] W. It's now versus later.
0:32That's all it is. You make a trade, you make less money over time, but you make it all now. That's the trade.