Should I Sell My Multimillion-Dollar Business at 43?

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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[@georgestone0123]

It’s such a blessing that my wife and I aren’t just married, but we’re also each other’s best strategic partner in business. I’m great at what she lacks, she’s great at what I lack and we have an Adviser to work with. Praise God!! And thank you for the awesome content!

[@tahirisaid2693]

That is so amazing, I’m trying to get onto the housing ladder at 40. I wish at 55 I will be testifying to similar success..

[@georgestone0123]

Credits to *ROCH DUNGCA-SCHREIBER,* she saw me through the process. You can glance her name up on the internet and verify her yourself. she has years of financial market experience...

[@tahirisaid2693]

Okay, Thx. I found her web page

[@Abraham_the_prophet]

Scam alert

[@michaelmichiel1555]

This is going to be a huge success of a podcast.

[@bethanyboothe4817]

Love getting to hear Dave answer specific business questions!! Home run!

[@ParkerBG]

Touchdown*

[@paddy63143]

What a GREAT Podcast!! The knowledge in priceless not only from Dave but the people entrepreneurs calling it. I can't wait for more!!

[@jonathanlugo1621]

Excited for the new format!

[@wesfin]

47:28 a business is like a kid, a lot of commitment/time/money at the start then it slowly starts to be able to sit up and maybe even start walking/running by itself, soon you won’t be supporting it, it’ll be supporting you

[@Leelongostyle]

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.

[@afhyoutube]

This is the kind of content I want to hear.

[@sabrinaa4872]

Wow I can not wait to learn from this format!! I LOVE this!

[@olgasuner999]

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.

[@sybille1234]

Really looking forward to this format!

[@nesanesa9547]

Time to help people up the business ladder young man.... Teach ❤

[@renelopez3333]

I love this format!

[@georgfloydvictims]

Love Ramsey Solutions thank you for the content.

[@ricmightybonefeliciano9800]

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.

[@robertb4101]

Finally. This is what I need. Thank you.

[@thehungrywolf69]

Great podcast!! Could we start every call with what type of business the caller is in??

[@chucknv5482]

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.

[@WanderCampesino]

This is a great podcast. Keep it up!😊

[@corneliusjones7349]

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.

[@stevelarson6384]

should put in place a way to transfer to his key employees..if a 10 year plan or whatever.....

[@aramstudios3646]

“Working, without talking, will make men rich” Matthew Henry

[@wesfin]

38:15 there is no magic sauce/consultant it’s just doing it and doing more

[@wesfin]

20:12 all stress is from the uncertainty of unmade, ignored dragons/decisions

[@justinrubio-dmcowner2]

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!

[@newafricanforum]

Do church grow like businesses? Ie with money? Why do affluent neighborhoods and countries have empty churches then😂?

[@2sumu]

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.

[@DanielMartinez-rv6su]

Not Dave self glazing for the whole first 4 minutes 😂

[@2sumu]

21:54 ' he worked for my dad ' Oh, that's even harder.

[@miguelruiloba3565]

YEAH DAVE! LETS GOOOO!!!

[@saelaird]

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.

[@MsEast8]

Why isn't payroll monthly?

[@commonenglishmistakes4360]

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.

[@richm3043]

Dave, wouldn't he need to pay at least 25$ in capital gains tax?

[@KaidenGilly]

Hey the title needs a change. 43 to 42 :)

[@ripwins]

I LOVE THE TRENCHES, THIS SHIT IS ETERNAL- LIL DURK-WHAT HAPPEN TO VIRGIL

[@reggiejenkins6458]

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.

[@willpower3317]

A bit pretentious lol

[@reggiejenkins6458]

@@willpower3317 not pretentious, just true.

[@eane7238]

​@@reggiejenkins6458 nope, pretentious.

[@reggiejenkins6458]

@@eane7238 spoken like a true beta of a replaceable machine cog.

[@abark]

@@reggiejenkins6458 "beta". Hilarious. What do you own? An instagram watch drop shipping or MLM scam?

[@troyanthony6526]

This the old Hogan channel?

[@jeanlenor1858]

Where is he by the way?

[@2sumu]

4:24 q{ bought the company I was working for } Wow.

[@2sumu]

12:38 q{ buy the school }. Wow.

[@FirstTimeGrow]

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 .

[@peterjanis2455]

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

[@FirstTimeGrow]

@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 .

[@peterjanis2455]

@@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

[@FirstTimeGrow]

@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

[@Alex-mj5dv]

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.

[@ParkerBG]

Dave fired someone every day for 30 years?! 01:09 BADASS!!!

[@richeyrich2203]

He has said that out of that about 1200 people that work for him, there have been 1700 that no longer work for him

[@soobv]

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

[@sammycatha]

American farmers are good leaders. I. Work for them. You scoff at some things you do not understand.

[@sammycatha]

Pride goeth before a fall

[@2sumu]

4:56 q{ turned down college }

[@2sumu]

24:55

[@wesfin]

28:33

[@SaiBaba-ij1vq]

I have one dollar federal reserve not

[@sammycatha]

The meek shall inherit the earth 🌎

[@akashamanthe]

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.

[@richeyrich2203]

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

[@sammycatha]

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

[@knighthawk3559]

Sell it, get a few 8 balls and have a party

[@reggiejenkins6458]

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.

[@joshua-ov4ne]

that is loser mentality