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Thanks - Your collective comments and this posting exercise has forced me to fast forward my thinking. The unique circumstances of the business don't really make it an employee buyout candidate, but I have decided to plot an immediate course toward semi-retirement starting with the baby...

Thanks some guy and big nick. DW is open to and cautiously excited for change. Her caveat being as long as I'm not laying on the couch eating Cheetos,

Yes outside funding is a big part of the business and historically we partner with large/institutional investors once a concept is somewhat proven out. These types will gladly value a project at a premium once most of the kinks are worked out; the risk capital is for the kinks stage. The trick...

Ha! I'm a turbo slacker at heart. Thanks options, mid pack, and getting older for the perspective. Yes, continuing to run the business in its current arrangement requires putting capital at risk if new projects are pursued. Since it is a business I know well and have some degree of control...

This is really appreciated - it's like having a personal advisory board - and the price is right! Going through this little exercise of posting forces me to corral all the hamsters that have been running around in my brain. I have high expenses right now (kids school primarily) and that will...

Thanks for all the advice - this is a great forum to get help from smart people without any angle - so rare in real life! I feel as if I'm at a crossroads and just don't want to screw it up. Accumulating is so time-consuming, and I don't want to have to do it again.

Thanks for the comments! In this short format it is hard to include all the relevant details. Certainly I am not the only suitable manager and there are others that could do a better job without question. The issue for me is that when a new project is identified it takes capital to bring to...

Thank you Braumeister and getting_older for the comments, much appreciated! Without boring you with the details of the business, it is a niche industry similar in a way to both oil wildcatting and film production. Unlike a widget making business that has recurring predictable cash flow, we work...

I'm a 46 yo entrepreneur, married with 3 kids 17, 13, and 9. My work can be all-consuming but is often very profitable. I got lucky with a recent project and have plenty of dough to retire. I have lots of outside interests and, thanks to this board, have an itch to try them all full time. To...