MBA2732 Q&A Wednesday: How Did You Know It Was Time To Sell Your Business?

How did you know it was time to sell your business? This is a great question from David, and it's a deeply personal one for me because I had to answer this question after building and growing my software company with Nicole, my cofounder and wife, for ten years? It's a question we both have to answer. A lot of people look at a business exit from the outside. They often think it's some sort of dramatic event. It's a exciting time. It's money. It's freedom. But it's actually a very tumultuous emotional experience. And it starts with this question, is it time? Is it time for me to sell this business and let it go? So today, I wanna walk you through how Nicole and I knew it was time to sell Webinar Ninja, what was going on internally during those times and those discussions, and the lessons I think that will help you if you ever find yourself facing the same decision. Welcome back to the $100 MBA show. I'm your host, Omar Zdenholm, where I deliver practical business lessons three times a week, Monday, Wednesday, and Friday to help you start, grow, and scale your business. Before we jump in, can I get thirty seconds of your time? We love guiding you on your business journey and we wanna help even more people build their dream businesses and lives. So if you could hit the follow button on this podcast app, it would be greatly appreciated. It's completely free, and it helps us out more than you know. Thanks. Nicole and I started Webinar Ninja back in 2014. And at the time, there was no grand exit plan. We just wanted to make sure that we built a great quality product that was a profitable business, that paid us money, that people actually wanted, that would allow us to live our life comfortably. We didn't have a pitch deck and a plan to sell in ten years. We had no conversation about it in the first place. Our only focus was to create the best webinar software that we possibly could, to serve our customers well, to really put everything we had inside of us into this product. And for the first several years, we were completely in growth mode. We felt that we needed all the momentum and all the focus to be focused on that and not some ten year plan. And we just really worked hard on making this product amazing with features and getting more customers to get us more feedback. We're learning more. We started to really refine the product, and it was a very exciting time for us. It was very hard. We were working, like, fourteen, fifteen hour days. I'm not exaggerating, but it was meaningful, and I don't regret those moments. I don't regret those seasons in life. And, honestly, I look back at those years with a lot of fond memories. You know? It was really magic to …