Should I Sell My Multimillion-Dollar Business at 43?
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- čas přidán 12. 02. 2023
- Today, we hear from:
• A business owner who is considering selling his business for $21 million
• A leader whose top performer hates his job but won’t leave
• A solopreneur who wants to start scaling her business by hiring her first team member
• A farmer who wants to avoid paying unnecessary taxes to the IRS
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This is going to be a huge success of a podcast.
Wow I can not wait to learn from this format!! I LOVE this!
Really looking forward to this format!
Excited for the new format!
What a GREAT Podcast!! The knowledge in priceless not only from Dave but the people entrepreneurs calling it. I can't wait for more!!
You helped set me free of credit card debt 25 years ago. Now I’m contemplating selling my business. Of course i stop at the top for advice. Thank you, Dave for your God centered wisdom.
I love this format!
Finally. This is what I need. Thank you.
This is a great podcast. Keep it up!😊
Love Ramsey Solutions thank you for the content.
Love getting to hear Dave answer specific business questions!! Home run!
Touchdown*
This is the kind of content I want to hear.
William Levitt built Levittown on Long Island after the war, pioneering a new way to build towns. He retired early, selling his business for millions. 20 years later, weeping telling who would listen that he made a mistake, lost his momentum. He died penniless.
I like watching his shows even at times he can be very direct and to the point which can come off a bit with madness but I value that in people. He reminds of my grandpa his physical appearance and his approach toward the public. Sometimes you look at the people and think I wish grandpa was alive. He lead 15 counties was a strict but fair leader. At his funeral more than 3 k people came to say good buys. Despite his directives everyone liked him because deep inside he was people’s person. I wonder what Dave’s roots came from. Not because I care but sometimes I wonder how can people can have so much resemblance.
YEAH DAVE! LETS GOOOO!!!
should put in place a way to transfer to his key employees..if a 10 year plan or whatever.....
Great podcast!! Could we start every call with what type of business the caller is in??
I thought the same thing, but I think that could be identifying. If you tell me larger HVAC company in Huntsville then I can figure out fairly quickly which company the guy owns. I think people prefer to be anonymous.
AC Guy Jason- Since it makes 1 to 2 million in owner profit per year, I keep it for 20 years (10 min) and then sell it at 53 - 63. No, you made 10 to 20 mil and still get the payoff. Now since you do not have to do much work anymore, I suggest finding a small church to be a part of and helping it grow like you grew your company. ( I heard you say A-men) I believe God has blessed you to bless others which I know you do but now is the time to really step your game up and be about your fathers business!
3:29 q{ As long as there are garages, there will be new businesses. } Beautiful. Just recently, i started a new business in my garage.
“Working, without talking, will make men rich”
Matthew Henry
Don't sell out to an equity firm. The banks buy companies and shut them down to make services scarce.This is how they squeeze everyone out.
Dave, wouldn't he need to pay at least 25$ in capital gains tax?
21:54 ' he worked for my dad ' Oh, that's even harder.
Hey the title needs a change. 43 to 42 :)
Keep the business. Bank the cash annually, live off a proportion of it and just grow the empire. In 5 years maybe its worth 50 mil.
12:38 q{ buy the school }. Wow.
What consulting company for depreciation?
The fuck are you talking about, F P?
4:24 q{ bought the company I was working for } Wow.
24:55
The school teachers that get off on crushing dreams should be reminded that they have accomplished nothing at all in business and are not qualified to know who will be successful.
Why not sell and invest in 7-9 percent fixed income at this point. You get paid the same amount and no risk. Hvac business could drop half in value or worse in a downturn
I have one dollar federal reserve not
I LOVE THE TRENCHES, THIS SHIT IS ETERNAL- LIL DURK-WHAT HAPPEN TO VIRGIL
Dave fired someone every day for 30 years?! 01:09 BADASS!!!
He has said that out of that about 1200 people that work for him, there have been 1700 that no longer work for him
This the old Hogan channel?
Where is he by the way?
What happened to George?
Hey probably got fired, weren’t you listening?
American farmers are good leaders. I. Work for them. You scoff at some things you do not understand.
Pride goeth before a fall
As a business owner, this is 10x the original show. Owners run on a different frequency. It’s a higher plane of existence from a worker bee.
A bit pretentious lol
@@willpower3317 not pretentious, just true.
@@reggiejenkins6458 nope, pretentious.
@@eane7238 spoken like a true beta of a replaceable machine cog.
@@reggiejenkins6458 "beta". Hilarious. What do you own? An instagram watch drop shipping or MLM scam?
4:56 q{ turned down college }
At 43 years old I would take the 20 million and retire .
Use 5 million and buy a house and a couple cars .
Then use the rest and give myself a 120k per year pay until age of 100 .
Amd enjoy life while I'm healthy and can .
You can't enjoy life when you are sick and old as much as u can when young and healthy.
Most people work to make millions while healthy and never enjoy life while they can . Don't let greed take away the blessing of early retirement you were given .
A lot of people enjoy working and find great joy in "playing the game" of business. Take Dave Ramsey for example, he doesn't need to be there working, but he enjoys what he does. I would imagine he would go nuts just sitting around retired
@Peter Janis nobody who is dying or in bad health has ever said I wished I worked more . But most people only realize this truth when it's to late .
@@FirstTimeGrow What if i told you its possible to enjoy your work and feel happy and fulfilled while doing it? I know its not for everyone I'm just saying
@Peter Janis I agree it's possible to work and enjoy what you do . All I am saying is if you had 20 million dollars or even 10 million you can retire comfortably for life. I'm just trying to comment in this story . I challenge you to donate 4 weekends of your time , amd visit and help a old age home or long term care and listen to there storys amd advice on life , its a eye opener
I think we underestimate how much Dave Ramsey has to be there.. he’s not just clinging on due to impending boredom, he’s a huge portfolio of real estate he can focus on too. I think he’s worried somewhat that when he leaves, how does Ramsey Solutions level up? It’s been sat around 300m revenue a while, yes Covid doesn’t help, but its media … so it may have hit its ceiling in its current form and structure.. it’s an eponymous brand, based on an almost Demi-god figure and personality, it’s a cult of personality. It’s a pseudo - religion and he knows how to sell it.. but he’s the best at it. The more people he helps, the less normal sales they make.. what’s the LTV of a Ramsey consumer, I don’t know, but it’s finite and Ramsey knows it’s running out, along with his time too. It’s a double edged sword, and I don’t think the personalities or Rachel can carry the weight of the Ramsay albatross like he can. And he knows it. He will be there until he drops.
The meek shall inherit the earth 🌎
American farmers hired these people you talk about. Is it not the same God that made theses people. That also created the American farmers. No you need to study more of life and who created life. These people you say and scoff at,. Watch by the one who created Man
New Format Feed Back: Miss the interview-based leadership format with people outside the organization Still like Ramsey's solutions. However, will be looking for another weekly leadership interview format.
It would be nice if they did a twice a week episode, and do one of the traditional format interview with Dave.. and the. One of the radio show format. I’d like that.
Wasn’t a fan of only interviews
Sell it, get a few 8 balls and have a party
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.
@@lisajenkins4793 Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. 'Alice Marie Coraggio", a licensed fiduciary who has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
@@Dunker762 Oh please I’d love that. Thanks!
@@lisajenkins4793 Alice Marie Coraggio is her name .
Lookup with her name on the webpage
I like Dave, but he really needs to stop trying to convince everyone that they need to devote their entire lives to making as much money as possible the way he has. Many, many people are super happy being around their families, doing things they enjoy, and not being a workaholic.
Spreading the disease of materialism/workaholic-ism only makes the world worse.
that is loser mentality