A founder and CEO of a software company was grappling with the question of whether to pass the business on to his daughter or sell. He was in his late 50s and his daughter was showing the maturity and know-how to be able to take over the business. This scenario would allow him to act as her mentor and coach.
On the other hand, his business had become very attractive to potential buyers who were expressing interest. Recent projections, customer orders and other measures were pointing to a topline revenue growth of 25% to 30%.