Of late, job security is a thing of the past. With unemployment at a staggering 9.1%, it would seem that owning a business would have its benefits. As top dog, there’s more money to be made; there are less limitations compared to being an employee; and oh, what a liberating feeling to be the queen (or king) of your castle.
If you decide to sell your business, however, there’s the option of moving on to that next big venture, or becoming an employee of your former business. If you’re the Arianna Huffington-type, you’ll stay on. In 2011, she sold The Huffington Post to AOL for a cool $315 million and as part of the deal she was named president and editor-in-chief of the newly formed The Huffington Post Media Group. The Post has had Arianna Huffington at its helm since its inception in 2005, and according to AOL CEO Tim Armstrong, she is still the best person for the job.
Every transition, though, may not be as smooth. Take, for instance, the case of TechCrunch founder Michael Arrington who sold his company to AOL for $30 million. He worked for the company as an editor for a year but after internal struggles, he and AOL parted ways. If you’re considering this avenue, be prepared.
Read more at The Wall Street Journal.