Faster, cheaper, better right to the very end updated: January 2007 | view prior episode

Eight Exit Strategies Either we plan our exit, or we forfeit real dollars. Exit Strategies: This episode of the show is about exiting the business that you began. We all wrote our own first chapters and we pushed right through those pages. But, most of us avoid facing the last chapter because we believe it brings us to the end of life itself. This is a great fallacy. We've got to be faster, cheaper, and better right to the very end. There are hundreds of options for all of us. You can even write that book! And surely we can grow older with grace, wisdom, and a special sparkle! Business Valuation: We ask, "What's my business worth? How do I get my money out? Can I sell it? Can I retire? What am I going to do with the rest of my life?" So, let's look at exit strategies -- ways people get their equity out but leave the essential value in. There are four big categories and eight possible scenarios. If we've missed any, please let us know! more... Small Business 2000 Index 1. Sustainable Businesses on Small Business School 2. Good Businesses are invited to register at Small Business School 3. Businesses with Deep Integrity, all part of the Small Business School mission 4. Principles for a lifetime and beyond 5. Integrity Selling Understanding wealth and capital formation Key Ideas of this episode Introduction: Think Now About Later 1. Walk Away - Often means "liquidate" 2. Give It Away - You have enough! 3. Sell To Someone Close To You 4. Sell To Someone Like You 5. Sell To a Publicly-traded company 6. Sell To Your Employees 7. Sell Using A Direct Public Offering 8. Sell to Private Equity Capital Business is VALUE CREATION. What is value? ...in Business? ...in Life? The people you meet in each episode of the show create value. They've worked through Step 5 they hired employees and then through Step 6; they had solid growth and began seeing how the business could be sustained beyond them. In Step 7 they realized that the employees and managers did better when they weren't around. Now we'll review how they have completed Step 8; they've exited at the top. To learn more, study the case study guide and work through Paths & Steps. Each picture above links to an earlier episode of the show with a case study guide, transcript and video to go even deeper. more... Our common future » Become a Producer Club member » Watch the show! » $400M: Help Keep your Station Alive » $9B: Help Keep your Business Alive » Sign Up, Get Listed, then Invited ...  » The next episode of the show

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