Retained Earnings and Selling Biz

I have about $561K in my business as retained earnings, as of 2018.

This means:

1. When I sell the business, there’s a lot of money in there to take out
2. If I take it out all at once, it’s a lot of tax

Ideas:

1. Take $50K out every year (10 years)
2. Spend more IRL to grow the business
   1. manufacturing
   2. marketing
   3. VA
3. Spend more on paper
   1. Consulting (marketing, branding, etc) Can on paper hire Masha.
   2. VA
4. Keep some in there. Maybe $50 to $100K, because I get first $900K tax free anyway.

Assuming 4 times multiple, If I want to sell the business at $4MM, I need to have a profit of $1MM. Why don’t I just fucking wait 4 years to make $4MM???

Should I even sell my business?

Right now I can sell my business for $500K. I can make that in 2, 3 years.

Conclusion

Fuck selling the business. I’ll grow it and live off it! It’s my baby and my cash bunny. It will grow bigger and bigger.

I can make money using the retained earnings to invest.

I’ll just focus on growing my business to a $2MM profit instead.