To be fair to him, he didn't mention anything about price. One would assume that a fair price would be a conditional concern.
Personally I'd rather sell my business when I decide I'm "done" with it.
I think this speaks exactly to his point - that because you're never "done", you never sell, and (in his mind) miss out on a good deal of the business' value. Certainly, a certain Facebook owner would have been fared better had he followed this mantra.
I don't agree with a lot of his take, but this one I thought was a great little nugget.
I'd probably think I'm done when I have no more strategies/energies/willingness to grow the company further. If you sell too early, you miss out on a good deal of the business' (future) value too.
Personally I'd rather sell my business when I decide I'm "done" with it.
I think this speaks exactly to his point - that because you're never "done", you never sell, and (in his mind) miss out on a good deal of the business' value. Certainly, a certain Facebook owner would have been fared better had he followed this mantra.
I don't agree with a lot of his take, but this one I thought was a great little nugget.