Business Owner Conundrum

Catherine Wark

July 17,2022 at 11:02PM UTC

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Business Owner Conundrum

I have been self employed for 12 years. My business has been steady/very busy growth every year. But challenges with employees, as everyone is these days, makes is draining. We do residential and commercial cleaning, and errand running. Now more than ever clients would like more household help and care in their homes.

I considered selling my business but now with clients wanting home care, I have hired a care aide on our team and it is going very well and many requests.

Sell or alter my business model, a conundrum, thoughts?

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AnonymousJuly 18,2022 at 1:55PM UTC
This is a very tough decision to make! Have you thought about hiring more instead of selling to decrease stress on you?
Kate Bishop, Career Confidence & Wellbeing Specialist, Coach & TrainerAugust 4,2022 at 3:27PM UTC
Hi Catherine - what a toughie! A few questions to consider:
- How much do you want to grow the business compared to selling it?
- How much is your business serving you at the moment?
It sounds like the care aspect to your business is really playing to your values which is great - it may be worth exploring your work values more to see how aligned these are with your business.
dori mondonAugust 4,2022 at 6:20PM UTC
In what way would altering your business model allow you to have less challenges with employees?
Are you at a point where you could hire someone to deal with the employees and just take that off your plate, so you can focus on continuing to build?
Ashley BasilioAugust 4,2022 at 6:37PM UTC
This sounds like a personal decision to sell or not. Not sure anyone can give you advice outside of a career counselor or friend since I’m sure there are a lot of variables. Do you want to stay in your business or are you ready to get out? If you want to stay then alter. If you want to get out then no changes you make really matter because you’re ready to move on.
Christy SchwartzAugust 5,2022 at 12:18PM UTC
My advice here would be to look at your personal/professional 1, 3 and 5 year plan. Ideally those plans lean one way very heavily.
Good luck in all you do