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Still, "cashing out" is a serious consideration, particularly in light of what may be considerable reinvestment to compete in the future. In many instances, it could be more lucrative and far less risky for you and your children to have the equity from selling your business.
If you have selected the path of perpetuating your enterprise, however, be certain that it is right for your children or any young person looking to you for guidance. Do they want to follow your footsteps? Are they aware of the many difficulties and challenges? Have you seriously evaluated whether they have the necessary skills to be successful? Being honest is the key to whether it is good advice to go into printing.
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