Here we consider the difference between growing your business for a future sale for a capital sum in the future versus building your business to never sell and to earn cash flow instead.
It is all the rage to seek to scale up your business with a view to selling for £millions so that you can go and sit on the beach for the rest of your days (or until you get bored). Many dismiss other business models as "lifestyle" businesses (why should building your business around your perfect "lifestyle" be deemed derogatory?!!! That's always puzzled me!).
Yet successfully selling a business for many millions can leave some entrepreneurs feeling defensive and anxious - concerned that they might never again replicate their success and afraid to risk spending their "winnings".
On the flipside, those that build cash flow businesses can start to take a step back from the day to day running of the business having built a great team and internal processes and systems. They too can sit on the beach, yet have the comfort of a regular income from the business(es) that they still own. Aka they have "cash flow".
There is no right or wrong answer here. Both business models can bring immense wealth and security. Just don't be fooled into thinking that there's only one way of doing it.
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