Articles

The Science (and Art) of Business Exits

When running a business, owner-operators tend to focus on the here and now – and rightfully so. Operating a business is a never-ending quest to optimize what works, spot and fix what doesn’t, and adapt to an ever-changing environment.  On the other hand,...

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What is an “Exit Strategy”?

From a strictly legal perspective, an “exit” refers to what’s commonly called a “change of control transaction”– one where a majority stake in the ownership, or in the voting rights, of a business is transferred to a third party. But from a business...

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When Should One Consider an Exit Strategy?

Contrary to popular belief, exits aren’t limited to the sale of a business to a third party or a flashy, newsworthy IPO.  In reality, in any one of their many forms, they’re an inevitable endpoint in every entrepreneurial journey. As such, they should be...

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What Factors Are Considered When Designing an Exit?

No two exit strategies are identical – industries and markets, as well as individual businesses and founders, simply vary too much. Any program or course that presents one exit strategy as “the best” should be apprehended with caution. It probably underplays...

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The 8 Business Exit Archetypes

Exits come in more shapes and sizes than most people realize.  While the permutations and variations between these are virtually endless, there are eight basic exit “archetypes” available to business owners as they look to the road ahead.  Each can be...

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