Manies Q

GTA Poker

Well...I have been a vet for 17 years, so maybe not:) I do like having different experiences in life, living in different areas and being independent. I am happy with where I am now and really like my work...having lived in many areas of the US and Canada, I would say this is one of the better places to live in Canada...and the US is off the radar for now and probably for a long time.

However, I may be in a unique time period as to what certain larger companies are willing to pay (double the traditional value) for a very successful clinic...so I am thinking out loud a bit about my options. I would always have the option of staying and working at my current salary after a sale as well...if I don't go the hookers and blow route.

It is nice to think that you could eventually get a large pay day for something that you are very good at, have worked hard at, and have been doing for a very long time...WWMD?

GTA Poker

hiphopopotamus;404679 wroteWould you say that the majority of your work is managing the business or doing clinical vet stuff? If it's more business related, could you hire a business manager or an assistant to help out? If you're busy with the actual vet stuff, I guess you could hire another vet. Find the least enjoyable/time consuming aspects of your job and see if you can hire someone to help out or do it for you.

It seems like you've put in a lot of work and the company's doing well. Seems like it'd be a shame to sell at this point if you could continue to be involved and grow the company if there's still a significant amount of upside.

See the post above. We are still growing at over 15% a month. I enjoy all aspects of the work and I do most of it, but it does take up some time...as long as I enjoy it that is not a big deal for a couple more years. Just thinking that this could be a unique time-frame for a sale (well, for the next few years at least).

GTA Poker

Milo;404681 wroteSeems like every few years you get the urge to chuck everything and start something new. Is there something you would be interested in besides the vet work? What about your girlfriend? Maybe she would like to strart something that you could help with while living on the proceeds of the Clinic sale?

Small clinic in Maui or similar would be her eventual goal...mine would be deadbeat living off of her?

BlondeFish

I invested long-term in mostly stock indices so I've neglected them and quickly check in the annual statement that they're up without checking the returns. Whenever the stock market tanks, my investment-challenged wife freaks out on me for ever buying stocks, :rolleyes: which is the best buy signal that I should use our excess cash to buy more ETFs. :p

Two million is safer for most couples. Our situation is rare, as she wants to save everything for a "rainy day" and hates travelling, while I re-invest some of my poker winnings on travelling and bucket lists so I will have no regrets even if that rainy day ever comes.

GTA Poker;404669 wroteWhat % return have you been getting on your money? I don't think I could retire on 1 million...maybe 2:)

westside8

What's the goal of the party interested in buying? Is it to buy you out? Or treating it as an investment while you maintain the control and management of the clinic? I would imagine that would have a big impact in the decision making process

GTA Poker

westside8;404704 wroteWhat's the goal of the party interested in buying? Is it to buy you out? Or treating it as an investment while you maintain the control and management of the clinic? I would imagine that would have a big impact in the decision making process

Usually can do what I want after. They prefer to have the owners stay and work on salary but I am not committed to do so. Salary etc would be negotiated at the time of sale.

Milo

GTA Poker;404687 wroteSmall clinic in Maui or similar would be her eventual goal...mine would be deadbeat living off of her?

apologies . . . I should have said somewhere new. That being said, if the sale price of the clinic is really as inflated as you state, then SELL. Stay on as an employee, and BANK that cake. If, in a couple years, you get the wanderlust again, well, you now have the money to back up any move you wish to make, right?

GTA Poker

Milo;404719 wroteapologies . . . I should have said somewhere new. That being said, if the sale price of the clinic is really as inflated as you state, then SELL. Stay on as an employee, and BANK that cake. If, in a couple years, you get the wanderlust again, well, you now have the money to back up any move you wish to make, right?

True...guess I am a bit broken:) but I deal with it.

This would all theoretically be after another fiscal year of growth, just fun to think about for now. Just think of the forum freerolls:)

Milo

GTA Poker;404727 wroteTrue...guess I am a bit broken:) but I deal with it.

This would all theoretically be after another fiscal year of growth, just fun to think about for now. Just think of the forum freerolls:)

??? Nobody here even PLAYS anymore.

GTA Poker

i saw some poker post a few months back

westside8

GTA Poker;404710 wroteUsually can do what I want after. They prefer to have the owners stay and work on salary but I am not committed to do so. Salary etc would be negotiated at the time of sale.

Would becoming an employee or a contractor something you want to do? Seems like you can still make a good living from it but at the same time cash in on your business, and gain freedom from the business side of things (and also committing alot more hours to the clinic)

Milo;404729 wrote??? Nobody here even PLAYS anymore.

Whoa whoa whoa..hold on there one sec.

GTA Poker

clinic is still growing, so thinking of 1 more year and evaluating what to do

GTA Poker

2 million in the bank do you sell?
3 million?

trigs

Do you have to sell? Keep ownership and pay someone salary to run it for you while you sit back and collect the cash.

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moose

1m sell
2m hookers
3m hookers and blow

Toronto Pimp

Depends how old you are and if you have kids ...... and how long you expect to live or plan to live.

I sold at 40 but not married , no kids and mortgage free in my forever home.

compuease

Toronto Pimp;407095 wroteDepends how old you are and if you have kids ...... and how long you expect to live or plan to live.

I sold at 40 but not married , no kids and mortgage free in my forever home.

Yeh but what are your degen costs? Factor that in? Sounds similar to what my wife and kids (now grandkids) costs...:-

Toronto Pimp

Good point. I always thought of it as I would need more if I was married with kids but I wouldn’t have all the spare time to degen . I guess it is pretty close .

trigs

Degen > kids

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GTA Poker

No kids. Will likely work until 50...am 46.

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