Would you sell a pre-revenue business you no longer want to operate, or take it further first?
I spent the last several months building a premium fashion brand from scratch.
I developed the positioning, visual identity, website and overall brand direction, but stopped before actually launching the business.
So currently there are no customers, no revenue and no inventory.
The next step would be the difficult part: finding the right manufacturing setup, completing the technical product development, producing samples and eventually launching.
The problem is that somewhere during the process I realized something.
I really enjoy creating and building businesses from zero, but I don't actually want to spend the next several years operating a fashion company.
Now I'm trying to decide what makes the most sense.
I could sell the brand and existing assets in their current pre-revenue state and accept that a buyer would have to finish the operational side.
Or I could invest more time and money into manufacturing, samples and getting closer to launch before trying to sell it.
The second option would obviously make the business more complete, but I'd also be investing further into something I've already decided I don't really want to operate.
For those of you who have built or sold small businesses before:
At what point would you stop investing and sell what you've built rather than continuing purely to make it more attractive to a buyer?