---
title: 'Should I Shut My Business Down'
source: 'https://youtube.com/watch?v=VqXt93hiC3E'
video_id: 'VqXt93hiC3E'
date: 2026-07-29
duration_sec: 75
---

# Should I Shut My Business Down

> Source: [Should I Shut My Business Down](https://youtube.com/watch?v=VqXt93hiC3E)

## Summary

A business owner with a law firm and a side agency generating $200k EBITDA seeks advice on whether to shut down the agency. The conversation explores the opportunity cost and presents a strategic exit plan involving client referrals for kickbacks.

### Key Points

- **Business Snapshot** [00:02] — The agency has $450k top-line revenue and $200k EBITDA; the owner also runs a law firm.
- **The Dilemma** [00:15] — The owner is reluctant to give up $200k annual profit from the agency despite the law firm earning significantly more.
- **Opportunity Cost** [00:31] — The advisor questions whether the extra $200k is worth the 30-35 hours/week when the law firm earns seven times more.
- **Exit Strategy** [00:45] — Advises stopping new clients, giving a 6-month notice, and negotiating referral kickbacks with competitors to monetize the client book.

### Conclusion

The best approach is to phase out the agency over 6 months and monetize the client list through referral agreements, turning the exit into an ongoing income stream.

## Transcript

do 2.5 million. What's the bottom line? About 500. I also myself operate a law firm. >> Okay. How much does the agency make? >> 450 top line, 200 EBITDA.
>> So, do you not want to full-time market into your wife's law firm? >> It's tough to stop something that's making $200,000 in my pocket every year. agency? >> 30 to 35 hours a week.
making, you know, seven times as much money, do you think extra 200? >> I guess my my problem is like how to I guess. >> Yeah, yeah, no, it's a great question.
amazing time. You guys have been loyal clients. I just want to let you know two things. Number one is we stopped accepting new customers. And number two, out over the next 6 months. And so, I wanted to give you guys 6 months. We'll
continue levels of service for this period of time. Also, I have three this industry I think will do a good job. And then you negotiate deals with those guys to give you kickbacks for all this book of business, and you'll
year just from referring the business out to those guys, which they'll happily out to those guys, which they'll happily do."