Encourage open dialogue: with comments like, “What I am about to share with you are my thoughts. Let’s explore these ideas together and discover what we can come up with as a team, drawing on the shared intelligence and wisdom of our collective.” Speak Up: As a Board Director speaking up if you have got questions …
Selling a business is often the biggest decision in an entrepreneur’s life, and it isn’t easy. Emotional preparation is key. Finding a buyer isn’t the only difficult step – preparing yourself for the process of letting go is also tough. After building your company over the years, giving up control is not easy. Suddenly you …
A good exit strategy, well matched to the characteristics of the business and market, will: improve your chances of success shorten your time to exit, and often significantly increase your final exit valuation The two essential elements are simply when and how much. Read this gem of an article by Basil Peters: Why Every Company Should Have …