As very experienced in such matters (self run few businesses, startup exp, lot of consulting), must say, "business is profitable" is not enough.
We name this trend - non-system business, when business closely tied to owner/founder, so it will disappear when for some reason owner/founder will not work.
And in many cases I seen, these ties are not naturally defined by market or other natural causes, but are integral part of behavior of owner, mean, he made this business defective.
For example, in ex-USSR countries, MOST businesses intentionally made non-systematic, because our law enforcement is not working good, and owners are fear, if business will not closely tied to owner, some criminals will take it away.
And other must say, there are also many cases, where it is too expensive, to fix such business. Just, it's owner gather all cream in past, and have not bother about make healthy systematic business, and now cry.
And finally must say, I know many cases, when LOCAL community depend on such non-system business. What to do? Unfortunately, it is problem of this local community and this community most probably, will be subject, deeply interested to solve problem (nobody else). In such case, local community must be ready, and take over business if owner give away, or do alternative quickly, to fill market gap, if owner will decide to just close business.
We name this trend - non-system business, when business closely tied to owner/founder, so it will disappear when for some reason owner/founder will not work.
And in many cases I seen, these ties are not naturally defined by market or other natural causes, but are integral part of behavior of owner, mean, he made this business defective.
For example, in ex-USSR countries, MOST businesses intentionally made non-systematic, because our law enforcement is not working good, and owners are fear, if business will not closely tied to owner, some criminals will take it away.
And other must say, there are also many cases, where it is too expensive, to fix such business. Just, it's owner gather all cream in past, and have not bother about make healthy systematic business, and now cry.
And finally must say, I know many cases, when LOCAL community depend on such non-system business. What to do? Unfortunately, it is problem of this local community and this community most probably, will be subject, deeply interested to solve problem (nobody else). In such case, local community must be ready, and take over business if owner give away, or do alternative quickly, to fill market gap, if owner will decide to just close business.