4 Must-Haves to Scale and Exit Your Business
Why are some business owners able to scale their business and achieve a successful exit…while others are not?
Yes, there is an element of luck and timing.
But for those getting it right, a few things really stand out.
The first is hard to define, but hinges on finding “asymmetric” opportunities. In other words, you’re not constantly betting the farm and risking everything. It’s about a steady flow of opportunities with huge upside if things go well, but limited downside if they fail.
Also — there’s attention to detail. But with a caveat — if an owner has a bit of a blue-sky approach, that’s fine…so long as they have a details person (or people) to deal with the complexity of running a scaling business — because it needs doing!
Then there’s tenacity. Our American cousins often talk about grit. It’s having the absolute determination to pursue a goal no matter what. And you see this characteristic across all personality types and business owners.
But when it comes to scaling any business, you need to think big and master exponential growth. If you’re only prepared to pursue incremental growth, particularly in the build-up to an exit, then you are going to struggle to get the valuation and exit you want.
#NextLevelGrowth #M&A #ExitLaunchpad
