Hi all. I currently work for a small business (4 employees), and my boss is nearing retirement age.
Since I have been here the longest he offered it to me and I eould pay in installments.
I am leaning towards not buying it, but wanted a second opinion (or however many I get). I don’t know the first thing about evaluating a business deal and I doubt I could afford a contract lawyer. Also he has all these stipulations for selling (i.e. I told him if I did take over I would want to make everyone remote, he says he wouldn’t sell unless it was in the contract that the office stays open). Any thoughts/advice appreciated.
You can’t be half pregnant.
He wants you to “buy” the business, while he retains control, and gets to role play being a “director”, while he doesn’t have to answer to you… so…
Doesn’t that still make him the boss?
Keep typing this out, and saying it out loud, until you realize what a ridiculous proposition this is.