"Son Faces Tough Decision: Sell Dad's $6 Million Business or Keep Building?"

A 26-year-old business owner faces a tough decision on Dave Ramsey’s “EntreLeadership” podcast: sell the family business for $6 million or continue building. The New York-based restaurant cleaning company brings in $4.75 million annually and employs 80 cleaners.

After a big competitor offered $6 million to buy the business, Dan and his dad would split the proceeds evenly. Ramsey advised Dan to think long-term, considering how he’d feel about the decision decades later. Properly invested, the money could grow substantially over time.

Ramsey warned against chasing a payout just for the sake of it, citing examples of regret from others who sold their businesses. He encouraged Dan to take the offer, seeing it as a good exit for his dad and a new opportunity for himself.

Read more at Yahoo Finance: Son Wants To Cash Out On Dad’s $6 Million Business. Dave Ramsey Brings Up A Teary Man Who Regretted Selling For $400 Million