6min chapter

My First Million cover image

Michael Sonnenfeldt: The Most Successful Real Estate Deal of All Time and Building a Community of Billionaires

My First Million

CHAPTER

Don't Sell Your First Business

Most people who sell their first business have no idea that it feels like having the rug pulled out from underneath you. The most important one is the momentum or the platform, that you don't even realize how valuable it is. A good sale allows you to take chips off the table, and that has a lot of benefits. If you continue to own the business, the full value is working to make the business larger and larger.

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