Browsing Tag
exit strategy
13 posts
Want a Multimillion-Dollar Exit? Consider These Tips
It’s no surprise that business owners are continuously looking for ways to achieve their aspirations by setting key goals they want to accomplish over the next five, to 10 years and beyond. And for some entrepreneurs, their goal is not just to grow and scale to six or seven figures but to ultimately prepare their...
Have a Startup? Make Sure You’re On the Right Fundraising Path
The following is adapted from "Exit Right: How to Sell Your Startup, Maximize Your Return and Build Your Legacy" by Mark Achler and Mert Iseri. Most of us know Travis Kalanick from his meteoric rise as the CEO of Uber, and his ultimate fall from grace. What most don’t talk about is his obsessive focus...
For the Smoothest Deal Process, Know the 6 Legal Stages of Your Startup’s Acquisition
The following is adapted from "Getting Acquired: How I Built and Sold My SaaS Startup" by Andrew Gazdecki. Nothing derails an acquisition faster than legal problems. Legal procedures are the most critical aspect of a sale, but they’re often the ugliest as well. Fail to understand the legal process of selling your company, and you...
Why Grit is Essential to Your Success as an Entrepreneur
For entrepreneurs building a business, the initial startup stage is an exhilarating time: you’re energized by your idea and engrossed in building the business. It feels like it’ll always be fun. The hard truth is that in building any business, there are peaks and valleys. When you hit a valley, it can be difficult to...
7 Questions to Ask Yourself Before Taking the Leap into Entrepreneurship
The growth of social media, the internet and the freelance economy has created a wave of excitement around entrepreneurship. More people are becoming entrepreneurs due to the unpredictable job market and the fact that technology has made it easier and more accessible to a larger group of people. There are a countless number of books,...
4 Important Questions to Ask When Buying a Business Right Now
The market looks vastly different than it did a year ago, which means new opportunities — for better or worse. As businesses reopen, they offer clues to which industries proved to be pandemic-proof, meaning they were hit hard but show strong promise of recovery, and which ones appear gone forever. If you were already researching...
This Angel Investor Shares Why You Need an Exit Strategy from the Start
For founders and entrepreneurs building up their business, the initial startup stage typically focuses on the product, technology or service offering. You’re energized by your idea and engrossed in building the best business concepts possible. While all of this is vital to your business and essential to the success of your company, it’s also critical...
Why It’s Key to Have an Exit Strategy Before Starting a Business
Some authors swear that writing the ending of a book first is imperative to the plot. Knowing where you want to end up can be invaluable, as it helps you plan out the beginning and middle of your story. If starting a business is part of your life story, it can be helpful to think...
Tackling What’s Next: Are You Ready to Exit Your Business?
Exit strategy. A noun that could become a verb and conjures up both excitement and paralysis for entrepreneurs. Developing potential exit strategies can generate swells of pride if your business has achievements that allow you to craft a desirable list: impact, scale, leadership, growth, profitability, stability and value. The exercise also produces fear that you may never be able...
Exit Strategy: To Sell or not to Sell? A Guide to Exiting Gracefully
What's Your Exit Strategy? If you’re a startup founder, your business is your baby. You spend years investing in it, nurturing it, carefully selecting its caretakers, and working endlessly to make sure it thrives. But, at some point it grows up and needs independence in order to get to the next level. Of course, the...
Exit Strategy: How to Choose Yours
Startup Proposals: Choosing Your Exit Strategy Your startup proposal will probably be the most important document you ever put together. During this crucial development phase, it can be easy to become preoccupied with the beginnings of things and lose a sense of the end goal - but including an exit strategy in your initial proposal...
Does your business plan include an exit strategy?
I was reading an article on WashingtonPost.com about how social search startups have sprung up to fill in the gaps that the larger search engines like Google and Yahoo! have left open. It's an interesting read and made me think of how important it is for any business, whether you're internet based or home based...
Preparing for the worst
Sometimes reality smacks you pretty hard in the face. As I prepared for vacation, I got smacked but good. There was a tragic car accident and my nephew was killed instantly. In a daze, I rearranged my travel plans and headed home to be with my family. After four days, I caught a couple of...