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| exit strategy for business owners: Business Exit Planning Les Nemethy, 2011-02-08 The most viable exit strategies for owners of mid-sized companies For many business owners, cashing out of a business is a lifelong dream. For some, exiting a business can be a nightmare. Business Exit Planning: Options, Value Enhancement, and Transaction Management for Business Owners provides a comprehensive view of what every business owner needs to know to plan and execute a business exit. The book Includes 30 relevant mini-case studies on business exit planning and transaction management, as well as a glossary of frequently used technical terms Details options for those owners who no longer want to be active in the business, as well as for those who want to remain invested Covers a wide range of topics related to business exit planning and transaction management, including IPO, MBO, refinancing, ESOPs, building an exit team, business plan and valuation, due diligence, and estate planning Regardless of whether a business owner seeks an immediate exit or a staged exit over time, Business Exit Planning provides a comprehensive strategy and road map to define exit-related objectives. |
| exit strategy for business owners: Early Exits Basil Peters, 2009 |
| exit strategy for business owners: Exit Strategy Planning John Hawkey, 2017-07-05 For private business owners, managing a successful exit from their business is one of the most important events in their business lives. This book shows you how to do so with the minimum of fuss and maximum return. It is unique because the author writes from the owner's point of view, bringing together in one place all you need to know about planning this complex process. Exit Strategy Planning emphasises the need to place exit planning on a firm foundation, with taxation planning and business continuity planning providing the basis to ensure a smooth transition that will yield the maximum return. The first three parts of the book ('Laying the Foundations', 'Choosing your Exit Strategy' and 'Preparing and Implementing your Plans') present a best practice approach to this complex subject. Here the book highlights the importance of planning, often several years in advance, and explains the need to make the business 'investor ready' by identifying and removing impediments to sale. Part 3 culminates in a step-by-step guide to producing and implementing your Master Exit Strategy Plan. Following on from this the extensive appendices in Part 4 discuss in detail each of the exit options open to you (many of which you have probably never considered) and show how to choose the optimum exit route. Exit Strategy Planning is a book that will do more than save you time and money now and in the future; it will help you to maximise on what may well be a lifetime's investment. |
| exit strategy for business owners: The Exit Strategy Handbook Jerry L. Mills, 2020-03 This book is for owners of closely-held companies who want to sell their businesses in the next few years. They represent only about 8% of the population in the United States, yet they employ between 60% and 70% of all USA employees. |
| exit strategy for business owners: Exiting Your Business, Protecting Your Wealth John M. Leonetti, 2008-12-01 Written by John Leonetti—attorney, wealth manager, merger and acquisition associate, and fellow exiting business owner in his own right—Exiting Your Business, Protecting Your Wealth will guide you in thoughtfully planning out your exit options as well as helping you analyze your financial and mental readiness for your business exit. Easy to follow and essential for every business owner, this guide reveals how to establish an exit strategy plan that is in harmony with your goals. |
| exit strategy for business owners: What's Your Exit Strategy? Peter H. Engel, 1999 How entrepreneurs plan to leave their businesses should define how they run them, who they employ, and how they fund them. This book reviews in detail the seven main exit strategies from which entrepreneurs and their key executives can craft their operating strategies and create a more financially sound organization. |
| exit strategy for business owners: Exit Rich Michelle Seiler Tucker, Sharon Lechter, 2021-06-22 Too many entrepreneurs push off planning for the sale of their business until the last moment. But for a business to sell for what it’s really worth—or even more—owners need to prepare for the sale from the very start. In Exit Rich, author and mergers and acquisitions authority Michelle Seiler Tucker joins forces with Sharon Lechter, finance expert and author of Rich Dad Poor Dad, to create a must-have guide for all business owners—whether they’re gearing up to sell a business now or just getting started building out their company into something to sell for a profit in the future. Seiler Tucker’s twofold approach to selling your business for maximum profit combines two of the most powerful elements of her mergers and acquisitions toolkit: the “ST GPS Exit Model” to help business owners set goals for the sale before their business hit the market, and the “6 P Method” to help them objectively evaluate their business’s worth, before their potential buyers do. Combined, these tools provide invaluable insight into the process of preparing a business for sale, finding the right buyers, and staging the sale itself. Throughout the book, Sharon Lechter’s wisdom peppers each chapter in the “Mentoring Corner” section, providing forward-thinking entrepreneurs with the perspective that they need to take control of their business’s future and exit rich. This book is a rich resource for any business owner looking to: • Objectively evaluate their business before a sale • Improve their chances of finding the right buyer • Sell their business for maximum profit |
| exit strategy for business owners: The Exit-Strategy Playbook Adam Coffey, 2021-09-14 Explore the universe of potential buyers. Learn how to assemble a team of expert advisors to prepare your business for sale. Walk step by step through a typical investment-banker-led midmarket sale process from start to finish.-- |
| exit strategy for business owners: Exit Strategy Thomas W. Lyons, 2008-06 Sooner or later, every business owner will need to transfer ownership of their business. Selling the business is the final chapter of the owner's role in building it. For most business owners, this is an emotional and sometimes overwhelming event. Many business owners have built a company or owned it for years, even decades. They are at it night and day, 24/7 - thinking about the business, cultivating customer relationships, and solving problems. They eat it, drink it and sleep it. It is no surprise, then, that selling the business is an emotional process. It's also a complex process. There are financials to audit, profitability to demonstrate, operations to tighten, confidentiality to maintain, titles to transfer, a price to negotiate and much more. In addition, the business must continue to operate during the process. Now in its third printing, Tom Lyon's, Exit Strategies has helped thousands of business owners wade through and understand the complexities and the emotions involved in selling a business. The principles in this book are designed to help you avoid costly mistakes and instead exist your business with less stress and more money in your pocket. |
| exit strategy for business owners: Exit Strategy: The Art of Selling a Business: The Vertical Horizontal Selling Method Sheldon Manheim, 2009 This unprecedented book offers the secrets of Sheldon Manheim's success in, and insight into, the art of buying and selling a business. He explains why all businesses must develop an Exit Strategy at inception and revise it regularly, as dictated by its maturation and changes in the economy. With an Exit Strategy in place, business owners are ready to effectuate the techniques as outlined, allowing them to exit rapidly and profitably. Any present or potential business owner will find Exit Strategy to be an invaluable resource. It provides all the information one needs to either sell a business for the most money in the shortest period of time, or to buy the right business at the best price. In addition, business brokers throughout the country will benefit from Mr. Manheim's innovative approaches to Recasting, the Vertical Horizontal method of finding a buyer, and the Art of Selling a Business. |
| exit strategy for business owners: Built to Sell John Warrillow, 2012-12-24 Run your company. Don’t let it run you. Most business owners started their company because they wanted more freedom—to work on their own schedules, make the kind of money they deserve, and eventually retire on the fruits of their labor. Unfortunately, according to John Warrillow, most owners find that stepping out of the picture is extremely difficult because their business relies too heavily on their personal involvement. Without them, their company—no matter how big or profitable—is essentially worthless. But the good news is that entrepreneurs can take specific steps—no matter what stage a business is in—to create a valuable, sellable company. Warrillow shows exactly what it takes to create a solid business that can thrive long into the future. |
| exit strategy for business owners: The Art Of A Happy Exit K. Srikrishna, 2021-03-23 EVERY ENTREPRENEUR NEEDS A HAPPY EXIT STRATEGY! 'So, what's your exit strategy?' The question often leaves most entrepreneurs stumped as running a business leaves little time to think about anything else. While business owners recognize that they may have to exit their business at some point, few give enough thought to how they will sell it. And fewer prepare for it. Invariably, when a prospective buyer appears or an offer is made, or when an unforeseen health or financial contingency arises, they scramble to respond. Even those rare entrepreneurs who have given thought to an exit often end up with seller's remorse. The Art of a Happy Exit helps entrepreneurs get prepared for all that selling their business entails. The book covers not just the Outside game-positioning, prospecting, finding professional partners, negotiating, structuring, and executing, but the critical Inside game-the mental and emotional preparation needed even while retaining customers, employees, and the business. K. Srikrishna tells the stories of twenty entrepreneurs from India and the United States who've sold their businesses to varying degrees of happiness. Between the stories, he lays out the typical steps involved in a business sale, each with its own practical checklist. The result is a book that will help you gain greater self-awareness of what you seek and how best to go about it, and ensure the happiness of all involved with the outcome. |
| exit strategy for business owners: Exit and Answers John Ovrom, 2010-12-10 EXIT & ANSWERS: Make Better Decisions When You Sell or Exit Your Business offers insight and inspiration from someone who's been there. Author John Ovrom provides first hand expertise and experience about selling a business from both a seller and buyer's perspective, along with other essential topics: * Understand seller and buyer expectations * Maximize value before the sale* Know when to walk away from a deal * Understand the fine print* Maximize after tax dollars * Consider What Comes After The Exit |
| exit strategy for business owners: The Entrepreneur Mind Kevin D. Johnson, 2015-12-07 100 Essential Beliefs, Characteristics and Habits of Elite Entrepreneurs What Every Successful Entrepreneur Knows But Won’t Tell You Achieve unimaginable business success and financial wealth. Reach the upper echelons of entrepreneurs, where you’ll find Mark Zuckerberg of Facebook, Sara Blakely of Spanx, Mark Pincus of Zynga and many others. Develop the Entrepreneur Mind – a way of thinking that comes from learning the vital lessons of the best entrepreneurs. Through compelling stories of modern-day business tycoons, Kevin Johnson, president of the multi-million dollar company Johnson Media Inc., shares the essential beliefs, characteristics and habits of elite entrepreneurs. In this riveting book, written for new and veteran entrepreneurs, Johnson identifies 100 lessons in seven key areas: Strategy, Education, People, Finance, Marketing and Sales, Leadership, and Motivation. Lessons include how to think big, who makes the best business partners, what captivates investors, when to abandon a business idea, where to avoid opening a business bank account, and why too much formal education can hinder your entrepreneurial growth. Smart and insightful, The Entrepreneur Mind is the ultimate primer on how to think like an entrepreneur. KEVIN D. JOHNSON, president of Johnson Media Inc. and a serial entrepreneur, has several years of experience leading his multimillion-dollar marketing and communications company that now serves many of the most notable Fortune 100 businesses. |
| exit strategy for business owners: Buying and Selling a Business Garrett Sutton, 2013-02-28 Buying and Selling a Business reveals key strategies used to sell and acquire business investments. Garrett Sutton, Esq. is a best selling author of numerous law for the layman books, and he guides the reader clearly through all of the obstacles to be faced before completing a winning transaction. “Buying and Selling a Business” uses real life stories to illustrate how to prepare your business for sale, analyze acquisition candidates and assemble the right team of experts. The book also clearly identifies how to understand the tax issues of a business sale, how to use confidentiality agreements to your benefit and how to negotiate your way to a positive result. Robert Kiyosaki, the best selling author of Rich Dad/Poor Dad has this to say about Buying and Selling a Business, “Garrett Sutton’s information is priceless for anyone who wants to increase his or her knowledge of the often secret world of the rich, what the rich invest in, and some of the reasons why the rich get richer.” Buying and Selling a Business is a timely business book for our times. |
| exit strategy for business owners: Your Exit Map John F. Dini, 2017-03-31 |
| exit strategy for business owners: Exit Strategy Can Akdeniz, The risk when venturing into a new business from scratch is that you can easily get so absorbed by building your business that you forget to clearly establish where you want your business to go in the long-term. That is why you see very few people conscious enough to direct their attention not only on the entering aspect but also on the exiting one. You need to be aware of the advantages of planning the finish just as you’re starting up. |
| exit strategy for business owners: The EXITPreneur's Playbook Joe Valley, 2021-05-15 The EXITpreneur's Playbook is the ultimate guide to selling an online business. We all need to transition our businesses someday, and those that learn from this book will have a smoother experience, an improved deal structure, and a stronger bank account. -Walker Deibel, bestselling author of Buy Then Build Most people start an online business for the freedom, autonomy, and money that come with entrepreneurship-but what they often find instead is the feeling that they're running on a hamster wheel and can't jump off. If you were looking to exit your business, would you know how? Do you know what your business is truly worth? This book will shift your mindset from entrepreneur to EXITpreneur. After all, the majority of all the money you'll ever make from your business comes on the day you sell-so it's important to get the exit right. In The EXITpreneur's Playbook, Joe Valley shares his experience in all facets of exiting an online business through direct experiences and real-life examples, with clear math and logic. You'll learn to: ● Assess the value of your business and reverse engineer a path to an incredible exit ● Avoid the ignorance discount when selling a business on your own ● Negotiate favorable deal terms and conditions ● Calculate the all-important seller's discretionary earnings ● Create rock-solid pillars every buyer wants The EXITpreneur's Playbook is the definitive guide to achieving your own incredible exit, at the right time and value, and with the best deal structure that allows you to move on to your next adventure-with not just money in the bank, but satisfaction and peace of mind. |
| exit strategy for business owners: Exiting Your Business, Protecting Your Wealth John M. Leonetti, 2008-11-03 Written by John Leonetti—attorney, wealth manager, merger and acquisition associate, and fellow exiting business owner in his own right—Exiting Your Business, Protecting Your Wealth will guide you in thoughtfully planning out your exit options as well as helping you analyze your financial and mental readiness for your business exit. Easy to follow and essential for every business owner, this guide reveals how to establish an exit strategy plan that is in harmony with your goals. |
| exit strategy for business owners: The Private Equity Playbook Adam Coffey, 2024-08-27 New rules. New playbook. Nearly half of all mergers and acquisitions involve private equity, but the world of PE can confuse even lifelong business professionals. For years, the #1 bestselling book The Private Equity Playbook has helped countless entrepreneurs, leaders, and CEOs like you successfully navigate the PE playing field. But much has changed since the book was released at the start of 2019. Adam Coffey knows the rapidly evolving PE game isn't won with outdated tactics. In this revised and expanded edition, Coffey puts his unmatched experience as a CEO coach at your disposal, helping you start competing with confidence. The new information on working with consultants alone makes this edition a game changer. Featuring expanded sections, updated data, and refined strategies of added relevance to today's financial, global, and cultural realities, The Private Equity Playbook continues to prepare you to play and win for years to come. |
| exit strategy for business owners: The 7 Figure Exit Plan Trent Lee, 2018-01-15 So, you want to sell your business for millions? Well, I have good news and bad news. The good news is that there is a simple and straightforward, proven process for doing it. The bad news is that I have no idea if you are ready but that is the whole purpose of this book. How do I know this can be done and this works? I've personally built and consulted with multiple companies who have successfully sold or been acquired. I am going to show you exactly what I have done personally but more importantly, what I have seen done over and over again as a business broker who helps companies exit successfully on a regular basis. These 7 Key Profit Drivers will greatly increase your company's net profit, thus increasing the overall valuation of your company! |
| exit strategy for business owners: The Automatic Customer John Warrillow, 2015-02-05 The lifeblood of your business is repeat customers. But customers can be fickle, markets shift, and competitors are ruthless. So how do you ensure a steady flow of repeat business? The secret—no matter what industry you’re in—is finding and keeping automatic customers. These days virtually anything you need can be purchased through a subscription, with more convenience than ever before. Far beyond Spotify, Netflix, and New York Times subscriptions, you can sign up for weekly or monthly supplies of everything from groceries (AmazonFresh) to cosmetics (Birchbox) to razor blades (Dollar Shave Club). According to John Warrillow, this emerging subscription economy offers huge opportunities to companies that know how to turn customers into subscribers. Automatic customers are the key to increasing cash flow, igniting growth, and boosting the value of your company. Consider Whatsapp, the internet-based messaging service that was purchased by Facebook for $19 billion. While other services bombarded users with invasive ads in order to fund a free messaging platform, Whatsapp offered a refreshingly private tool on a subscription platform, charging just $1 per year. Their business model enabled the kind of service that customers wanted and ensured automatic customers for years to come. As Warrillow shows, subscriptions aren’t limited to technology or media businesses. Companies in nearly any industry, from start-ups to the Fortune 500, from home contractors to florists, can build subscriptions into their business. Warrillow provides the essential blueprint for winning automatic customers with one of the nine subscription business models, including: • The Membership Website Model: Companies like The Wood Whisperer Guild, ContractorSelling, and DanceStudioOwner offer access to highly specialized, high quality information, recognizing that people will pay for good content. This model can work for any business with a tightly defined niche market and insider information. • The Simplifier Model: Companies like Mosquito Squad (pest control) and Hassle Free Homes (home maintenance) take a recurring task off your to-do list. Any business serving busy consumers can adopt this model not only to create a recurring revenue stream, but also to take advantage of the opportunity to cross-sell or bundle their services. • The Surprise Box Model: Companies like BarkBox (dog treats) and Standard Cocoa (craft chocolate) send their subscribers curated packages of goodies each month. If you can handle the logistics of shipping, giving customers joy in something new can translate to sales on your larger e-commerce site. This book also shows you how to master the psychology of selling subscriptions and how to reduce churn and provides a road map for the essential statistics you need to measure the health of your subscription business. Whether you want to transform your entire business into a recurring revenue engine or just pick up an extra 5 percent of sales growth, The Automatic Customer will be your secret weapon. |
| exit strategy for business owners: Walk Away Wealthy Mark Tepper, 2014-07-01 The essential guide to selling your business—and walking away with maximum wealth Nearly every entrepreneur dreams of one day selling their business for big bucks, but far too many aren’t aware of exactly what it takes to do so. The sobering truth is that it’s very easy for the entrepreneurs who don’t know what they’re doing to walk away from a sale without the financial freedom they hoped for. In fact, only about 20 percent of businesses for sale will successfully transfer to another owner! In Walk Away Wealthy, Mark Tepper--a leading authority on wealth management and financial planning for entrepreneurs--shows you how to build a strong exit plan, an absolute requirement if you hope to get the full value from a sale. Tepper’s twelve secrets debunk myths and deliver practical advice as he walks you through what most people don’t know (or refuse to believe) about the process of planning their exit. And although it’s best to start planning the exit as early as possible, the book also delivers advice for those who may have waited too long and feel lost in the face of a rapidly approaching sale. Selling the business you worked so hard to build can be a confusing and intimidating proposition. Let Mark Tepper clear away the misconceptions, steer you clear of common mistakes, and help you walk away wealthy! |
| exit strategy for business owners: From Vision to Exit Guy Rigby, 2011 A definitive and practical guide that covers every business area, from strategy to finance, management to marketing, and business planning to exit--Page 4 of cover |
| exit strategy for business owners: Exit Planning John Brown, 2016-01-25 LEAVING YOUR BUSINESS IS THE MOST SIGNIFICANT FINANCIAL TRANSACTION OF YOUR LIFE AND NOTHING HAS GREATER FINANCIAL AND EMOTIONAL CONSEQUENCES. THE FUTURE QUALITY OF YOUR LIFE DEPENDS UPON HOW WELL YOU MANAGE YOUR EXIT PROCESS.The Definitive Guide lays out the steps you must take to achieve all of your aspirations as you exit your business. Author John Brown shares the wisdom, stories, tested process and exit planning roadmap from hundreds of exit planning advisors across North America. These advisors, and Brown's company, BEI, create thousands of owner exit plans every year. In The Definitive Guide, you will learn:How and why to set actionable exit goalsHow your role as owner must change if your business is to attract buyersHow your company's management team steps up to next-level operational excellenceWhich nine important value drivers deliver the value buyers pay top dollar forHow to avoid the common traps that can prevent you from creating an exit planHow to choose which of four exit paths is best for you, your family and your business: A sale to insiders (management team or co-owners)A transfer to childrenA third-party saleA sale to an Employee Stock Ownership PlanLET BROWN AND THE DEFINITIVE GUIDE BE YOUR COMPANIONS AS YOU UNDERTAKE THE BIGGEST FINANCIAL EVENT OF YOUR LIFE.John H. Brown is the CEO of Business Enterprise Institute, the oldest and largest provider of Exit Planning education to owners and advisors in North America. With over 225,000 copies in print, John's first book, How To Run Your Business So You Can Leave It In Style, is the best-selling exit-planning book of all time. John is an accomplished speaker and expert commentator on exit planning issues. |
| exit strategy for business owners: Cashing Out of Your Business Jane Johnson, Kathleen Richardson-mauro, 2013-06-10 Whether you are a few months of several years away from transitioning the ownership of our business to others, start planning now with Cashing Out of Your Business. You will learn how to position your company in the best possible light, find the right buyer, and negotiate the best possible deal. Jane Johnson and Kathleen Richardson-Mauro's financial and planning expertise will guide you in Cashing Out Your Business. |
| exit strategy for business owners: Research Handbook of Entrepreneurial Exit Dawn R. DeTienne, Karl Wennberg, 2015-02-27 With contributions from authors around the globe, Research Handbook of Entrepreneurial Exit explores this most important phenomenon in the entrepreneurial journey. This book presents a comprehensive review of the current issues in entrepreneurial exits |
| exit strategy for business owners: The Founder's Dilemmas Noam Wasserman, 2013-04 The Founder's Dilemmas examines how early decisions by entrepreneurs can make or break a startup and its team. Drawing on a decade of research, including quantitative data on almost ten thousand founders as well as inside stories of founders like Evan Williams of Twitter and Tim Westergren of Pandora, Noam Wasserman reveals the common pitfalls founders face and how to avoid them. |
| exit strategy for business owners: The Business Owner's Guide to Financial Freedom Mark J. Kohler, 2017-11-14 TAKE CONTROL OF YOUR FINANCIAL FUTURETailored for small business owners and entrepreneur like yourself who are looking for long-term financial planning and wealth management, The Business Owner's Guide to Financial Freedom reveals the secrets behind successfully investing in your business while bypassing Wall Street-influenced financial planners. Attorney and CPA Mark J. Kohler and expert financial planner Randall A. Luebke deliver a guide catered to your entrepreneurial journey as they teach you how to create assets that provide income so work is no longer a requirement, identify money and tax-saving strategies, and address business succession plans to help you transition into the investment phase of business ownership. Learn how to: Pinpoint the dollar value of your business with a step-by-step formula Eliminate and avoid bad debt while leveraging your good debt Uncover investment strategies Wall Street won't tell you Achieve long-term goals with the 4x4 Financial Independence Plan Find an advisor willing to look out for your best interests Super-charge your 401(k) and leverage your insurance to get rich Create the best exit strategy for you, your business, and your family Avoid the most common mistakes in real estate investment Protect your hard-earned assets from security threats ready to strike You can't predict the future, but you can plan for it. So if you're ready to stop treating your business like your only asset and want to start making it your most valuable legacy, this book is for you! |
| exit strategy for business owners: Business Exit Strategies: Family-owned And Other Business Frederick D Lipman, 2017-12-28 This book analyzes various business exit strategies for both family-owned businesses as well as other businesses, both in the United States and throughout the world. Approximately 80% to 90% of all businesses in the world are family-owned. The book discusses, among other things, 12 common mistakes in attempting to sell a business to third parties, methods of marketing the business, negotiation of key sale terms, negotiating employment and consulting agreements, avoiding traps in sale agreements, creating a professional advisory team, and alternatives to a sale to an unrelated third party, such as ESOPs, leverage recapitalizations, selling to other family members or key employees, and going public transactions. |
| exit strategy for business owners: Maximize Business Value Tom Bronson, 2019-12-20 Most business owners run their businesses without giving business valuation and exit planning much thought. Building business value and ultimately transitioning that business is a process that is very different from running a business. Roughly 83 percent of businesses that attempt a transition never complete a transaction. That means that only 17 percent of business owners exit successfully - and most of those have one thing in common. They are prepared. This book provides the road map business owners need to build massive value and start moving toward a successful transition. |
| exit strategy for business owners: The Contractor's 60 Minute Exit Plan: How to Cash Out, Eliminate Taxes and Retire Comfortably Joseph Bazzano, Kevin Kennedy, 2018-08-26 Exiting your contracting business can be very taxing, besides emotional and intimidating. This complex process requires specialized advice from your accountant, tax advisor, attorney, business appraiser, estate planner, financial adviser, insurance adviser, plus more. Coordinating and understanding the disjointed advice can be overwhelming. An exit planner, like a architect, pulls all the disciplines together in one coordinated and holistic plan. The Contractor |
| exit strategy for business owners: Why Startups Fail Tom Eisenmann, 2021-03-30 If you want your startup to succeed, you need to understand why startups fail. “Whether you’re a first-time founder or looking to bring innovation into a corporate environment, Why Startups Fail is essential reading.”—Eric Ries, founder and CEO, LTSE, and New York Times bestselling author of The Lean Startup and The Startup Way Why do startups fail? That question caught Harvard Business School professor Tom Eisenmann by surprise when he realized he couldn’t answer it. So he launched a multiyear research project to find out. In Why Startups Fail, Eisenmann reveals his findings: six distinct patterns that account for the vast majority of startup failures. • Bad Bedfellows. Startup success is thought to rest largely on the founder’s talents and instincts. But the wrong team, investors, or partners can sink a venture just as quickly. • False Starts. In following the oft-cited advice to “fail fast” and to “launch before you’re ready,” founders risk wasting time and capital on the wrong solutions. • False Promises. Success with early adopters can be misleading and give founders unwarranted confidence to expand. • Speed Traps. Despite the pressure to “get big fast,” hypergrowth can spell disaster for even the most promising ventures. • Help Wanted. Rapidly scaling startups need lots of capital and talent, but they can make mistakes that leave them suddenly in short supply of both. • Cascading Miracles. Silicon Valley exhorts entrepreneurs to dream big. But the bigger the vision, the more things that can go wrong. Drawing on fascinating stories of ventures that failed to fulfill their early promise—from a home-furnishings retailer to a concierge dog-walking service, from a dating app to the inventor of a sophisticated social robot, from a fashion brand to a startup deploying a vast network of charging stations for electric vehicles—Eisenmann offers frameworks for detecting when a venture is vulnerable to these patterns, along with a wealth of strategies and tactics for avoiding them. A must-read for founders at any stage of their entrepreneurial journey, Why Startups Fail is not merely a guide to preventing failure but also a roadmap charting the path to startup success. |
| exit strategy for business owners: A Tale of Two Owners Patrick A. Ungashick, 2016-11-18 A Tale of Two Owners is the fable of Al Beaman and Robert Gilmore, co-owners of a high successful IT service company. As is the case with so many business co-owners, they eventually realize their exit goals are incompatible. Al reaches a point where he wishes to sell the company for top dollar, while Robert not only does not want to sell, but desires to pass his ownership to his daughter Jessica. For the first time in their seventeen-year partnership, Al and Robert find themselves butting heads on the direction of their business. In the second part of this book, Al and Robert are provided with The Guide to Creating Co-Owner Exit Alignment, which will ultimately lead both the business co-owners and readers to enlightened insights into the ways to plan for and achieve successful exits. |
| exit strategy for business owners: Build a Business, Not a Job David Finkel, Stephanie Harkness, 2016-11 If you're a business owner who wants to accelerate your company's growth, but do it in a way that enables you to get your life back, this bestseller is for you. Inside you'll find a concrete, step-by-step map to empower you to build an owner-independent company and get your life back. You'll Learn:- The only sustainable way to escape the Self-Employment Trap(tm)- The 4 most costly excuses that hold business owners back- The 8 essential building blocks upon which to scale your company- 25 formats to package your business systems- A powerful 1-page quarterly action plan format- 6 time mastery strategies to free up a full day each week to build your business- And much more... |
| exit strategy for business owners: The Intelligent Exit Mark Carmichael, 2022-03-20 Mastering the Business Exit: Proven Strategies and Key Principles for Maximizing the Sale of Your Company in Today's Market If you're considering the sale of your business, The Intelligent Exit by Mark Carmichael is your strategic partner in achieving the best possible outcome. Written in a conversational tone, this award-winning guide addresses the questions and uncertainties that cloud the business exit process and offers business owners and CEOs alike a clear path to success, illuminated by Carmichael's two decades of global M&A expertise. Selling your business is, for many, the most crucial financial decision you'll ever make. Don't leave it to chance. The Intelligent Exit delivers powerful, actionable insights that prepare you to command the highest valuation and foster a competitive bidding environment that puts you and your deal team in the strongest negotiating position. Inside, you'll discover essential strategies to: Master the exit game rules to significantly tilt the scales in your favor. Unveil the true value of your business and what buyers are really willing to pay. Generate a competitive bidding scenario that maximizes your leverage and sale price. Effectively market and position your business to attract premium buyers. Choose the right M&A advisor, an invaluable ally in navigating the sale process. Learn from Carmichael's 5 Biggest Lessons from his extensive career in international M&A Praised by esteemed academics, top investors, and successful Founder/CEOs, The Intelligent Exit has received powerful testimonials confirming its status as an indispensable resource. Mark Carmichael, an Oxford-educated serial entrepreneur and trusted M&A advisor, distills the wisdom gleaned from a prestigious career into this invaluable resource. Furthermore, Carmichael regularly shares his frontline M&A expertise as a speaker at various prestigious institutions, including his alma mater, Oxford's Saïd Business School, one of the world's top-rated business schools. Winner of four international awards for Best Business Book, The Intelligent Exit offers not just strategies but also personal support and resources directly from the author to ensure you're equipped for success. Discover the principles, tactics, and insights behind today's most successful exit strategies. Learn how to create the ideal deal team to develop, implement, and execute an effective exit strategy tailored to maximize your exit outcome, ensuring a legacy of success. |
| exit strategy for business owners: Real Estate Finance and Investments Peter Linneman, 2020-02 |
| exit strategy for business owners: Liber8 Your Business Laura Humphreys, 2013 Liber8 Your Business brings you the revolutionary business planning technique that will set every business owner free. It's time to learn the powerful art of backwards planning from real life entrepreneur Laura Humphreys. Laura began life as a secretary and went on to build and sell her own million dollar businesses - using a blueprint that any business owner can copy. In Laura's own words if I can do it, any one can! Learn the eight steps to building a valuable, saleable business that makes money without you. This book will change the way your approach your business planning ... forever--Publisher information. |
| exit strategy for business owners: Perfect Exit Strategies For Contracts Alphonso Struzik, 2021-08-11 It is inevitable that, as a contractor, you will one day have to leave your company. Will you be prepared to capture the maximum value for the business that aligns with your personal and financial goals? This book is an educational tool to be used by contractors as they begin the journey of exiting their business. It is written by two award-winning exit planners who have helped dozens of business owners with the arduous task of exiting their business. It represents common sense advice by one contractor who walked down the exit path only to understand that the cookie-cutter advice that was presented to his team of exiting partners unnecessarily cost them millions of dollars in excess taxes. Ouch. |
| exit strategy for business owners: The Smart Business Exit Geoff Green, 2014-11-10 Every business owner should read this book! Alan Kohler How do I get rewarded for the blood, sweat and tears of building my own business? When I exit my business will I achieve financial freedom? How do some entrepreneurs sell their businesses for incredible prices? Whether you're a baby boomer business owner close to retirement, busy growing your business or a young entrepreneur just starting, one day you will exit your business. But will you achieve a smart business exit? In this ground-breaking and entertaining book, Geoff Green, business exit strategist, entrepreneur and corporate lawyer, reveals his proven exit strategies. Learn the 7 strategies for smart business exits: - Have a real and enduring purpose - See the future - Develop growth drivers - Build to sell - Always think like a buyer - Get the best exit - Act with focus and urgency Packed with case studies, stories, insights and practical exercises, Geoff shows you how to apply these powerful strategies to achieve your own successful business exit. Geoff is a well-known business exit strategist, entrepreneur and corporate lawyer. He is the founder of GRG Momentum, a boutique business strategy and information services firm. Over a 30-year career Geoff has assisted multiple entrepreneurs to maximize their business value and achieve highly profitable business exits. He has also started and exited several of his own business ventures. Geoff has a passion for entrepreneurship, commercializing innovation and building high-growth companies. He holds a number of public and private company directorships as well as advisory board positions. Geoff is a regular contributor to a range of mainstream and online media, and a sought after keynote speaker on high-growth business strategies and business exit strategies. You can keep in touch with Geoff on LinkedIn, follow him on Twitter (@GeoffGreen7) or read his blog (www.grgmomentum.com.au). |
EXIT Definition & Meaning - Merriam-Webster
The meaning of EXIT is —used as a stage direction to specify who goes off stage. How to use exit in a sentence.
All Exits along Florida's Turnpike in Florida - Southbound | iExit ...
Free High Speed WiFi, Free Hot Breakfast, Smoke Free, Outdoor Pool, Fitness Center. Conveniently located off the Florida Turnpike at Exit 93.
Florida's Turnpike Road Map
Florida's Turnpike map, including exits, toll locations and available plazas and rest areas. Select an exit, travel plaza, toll booth or gantry, or other select locations from the map. Use the exit …
EXIT Definition & Meaning | Dictionary.com
Exit definition: a way or passage out.. See examples of EXIT used in a sentence.
EXIT | definition in the Cambridge English Dictionary
EXIT meaning: 1. the door through which you might leave a building or large vehicle: 2. the act of leaving a…. Learn more.
Florida's Turnpike At Lake Worth Road
Detailed map of Lake Worth Road and Florida's Turnpike, in the Miami - South Florida area. View services around Lake Worth, including nearby gas, EV charging, fast-food and other dining …
I-95 Florida Exit 64 - Roadnow
Exit 64, Exit to: 10th Ave N. There are 81 gas stations, 99+ restaurants, and 22 hotels/motels near this exit. See details below. Exit 64 is also close to cities: Lake Worth, FL (1.8mi/5m ); …
Highway Interstate 95 in Florida, exit 63 - 6th Avenue South, Lake Worth
A list of lodging/hotels, restaurants, shopping, service, fuel and health care locations for you and your pets on highway Interstate 95 in Florida, exit 63.
Exit Definition & Meaning | Britannica Dictionary
EXIT meaning: 1 : something (such as a door) that is used as a way to go out of a place sometimes used figuratively; 2 : the act of going out or away from something
Name of Construction Project Here - Florida's Turnpike
• Northbound Florida’s Turnpike/SR 91traffic wishing to continue north will be directed to exit at Lake Worth Road/SR 802 (Exit 93), travel west on Lake Worth Road to US 441/SR 7, travel …
EXIT Definition & Meaning - Merriam-Webster
The meaning of EXIT is —used as a stage direction to specify who goes off stage. How to use exit in a sentence.
All Exits along Florida's Turnpike in Florida - Southbound | iExit ...
Free High Speed WiFi, Free Hot Breakfast, Smoke Free, Outdoor Pool, Fitness Center. Conveniently located off the Florida Turnpike at Exit 93.
Florida's Turnpike Road Map
Florida's Turnpike map, including exits, toll locations and available plazas and rest areas. Select an exit, travel plaza, toll booth or gantry, or other select locations from the map. Use the exit …
EXIT Definition & Meaning | Dictionary.com
Exit definition: a way or passage out.. See examples of EXIT used in a sentence.
EXIT | definition in the Cambridge English Dictionary
EXIT meaning: 1. the door through which you might leave a building or large vehicle: 2. the act of leaving a…. Learn more.
Florida's Turnpike At Lake Worth Road
Detailed map of Lake Worth Road and Florida's Turnpike, in the Miami - South Florida area. View services around Lake Worth, including nearby gas, EV charging, fast-food and other dining …
I-95 Florida Exit 64 - Roadnow
Exit 64, Exit to: 10th Ave N. There are 81 gas stations, 99+ restaurants, and 22 hotels/motels near this exit. See details below. Exit 64 is also close to cities: Lake Worth, FL (1.8mi/5m ); …
Highway Interstate 95 in Florida, exit 63 - 6th Avenue South, Lake Worth
A list of lodging/hotels, restaurants, shopping, service, fuel and health care locations for you and your pets on highway Interstate 95 in Florida, exit 63.
Exit Definition & Meaning | Britannica Dictionary
EXIT meaning: 1 : something (such as a door) that is used as a way to go out of a place sometimes used figuratively; 2 : the act of going out or away from something
Name of Construction Project Here - Florida's Turnpike
• Northbound Florida’s Turnpike/SR 91traffic wishing to continue north will be directed to exit at Lake Worth Road/SR 802 (Exit 93), travel west on Lake Worth Road to US 441/SR 7, travel …
