The Truths Behind Building And Exiting Your Business
Start with the end in mind, isn’t that what they say?
But in business, that’s the exception not the norm.
Founders often tell me — as 20 or 30-somethings — they said they’d exit when 50-something…
…but now, as 50-somethings, they have no plan to scale the business for an exit.
They might have a game plan to reach an exit — but not the deep expertise and experience to pull it off.
Think about it. Company owners regularly achieve success because they had a solid idea, executed it well — plus plenty of grit and determination to grow.
And things might go pretty well over the years, with inevitable ups, downs, constraints and challenges. Yet a good living is enjoyed.
But there is no actual exit strategy!
Which is odd. Because everyone exits their business one way or another.
And here’s the thing about an exit strategy — it’s like a pension.
You wouldn’t wait until a year before “retirement” to plan funding that life chapter.
Same with an exit strategy. Why wait until you’re ready to exit?
An exit strategy is about creating the most valuable and saleable business possible.
Said another way, if you don’t know who will ultimately acquire your company and what’s valuable to them…
…how can you make the highest quality decisions daily on where to focus energy, resources and capital to achieve that end goal?
#NextLevelGrowth #ExitLaunchpad #M&A #ScaleUp
