Step 1, Exit Strategy Plan
A venture capitalist never invests money in a
company without having a clear exit strategy in mind. You shouldn’t
invest your money and time in your business without a clear exit
strategy in mind.
Key items in setting your exit strategy are your
vision of the events that trigger the ultimate sale or transfer and a
good idea of the likely buyer category. This vision allows you to run
the business to achieve optimum value when you sell, be it five years
like venture capital funds or thirty years when you retire.
Our electronic newsletter, Selling Your
Business, covers The Exit Strategy Plan in more detail. To learn
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