How do I know when it’s time to sell my startup?
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Please participate, I look forward to benefiting from your experiences and expertise
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Adnan Salim@adnanxsalim
it’s hard, actually. to sell something you’ve built from ground up. there would be a lot of ups and downs on the journey.
but i think, when you no longer have the same passion as you did when you started it, that’s when you sell it.
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@adnanxsalim I agree with you in your opinion. For me, passion is one of the most important factors that made me endure long nights of staying up late and working, and I still endure many difficulties thanks to it.
I think when your passion for the business starts to fade, that's a sign it may be time to consider selling. Also if you get an offer that's too good to refuse financially. But it's a tough decision since it's your baby that you built from nothing. I'd also consider selling if the business has plateaued and you don't see a path to further growth. Curious what others think - when do you know it's the right time to sell?
passion is key for sure. also, consider if you've grown it to the point where it's worth selling - like is it profitable, growing, have a solid team in place? if you've lost the fire AND it's in a good position, might be time to sell and let someone else take it to the next level while you get a nice exit. but if you think there's still a lot of potential you could unlock, might be worth sticking it out a bit longer even if the day to day passion has faded. tough call but trust your gut!