Time to Sell Your Business? An ESOP May Be the Answer

Strategy Driven

However, owners often assume that an exit will be as simple as selling the company. Because large exit sales are often in the news. While you’re not getting the Silicon Valley exit multiples of 4-6x revenue, it is realistic to exit at 0.5-1X revenue when sold to a third party. Entrepreneurship business management ESOP Exit Strategy strategydrivenMost small to mid-sized businesses have limited sales potential.

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Early Exits - CEO Blog - Time Leadership

CEO Blog

CEO Blog - Time Leadership Monday, November 15, 2010 Early Exits Angel investors and VCs all like to sell one of their portfolio companies. This is called the exit. Basil Peters, a famous angel investor wrote a book Early Exits - Exit Strategies for Entrepreneurs and Angel Investors (and maybe not VCs). I have heard VCs say they would rather lose all their money trying than exit for a modest profit. And I love the $100M exits.

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Amazon Announces “Pay to Quit” Program for Employees

leaderCommunicator

Organizations make significant investments in training new employees - building their understanding of strategy, culture and priorities. Yet, after efforts at engagement have been exhausted, a win-win exit strategy, such as the one employed by Amazon and others, can be a positive solution to a potentially negative situation. What do you think of the $5,000 exit strategy?

How to Make Sure You Leave on a High Note!

Marshall Goldsmith

Following is an excerpt from our interview in which I explain what I’ve learned from Dan about a concept that he taught me called the “exit strategy”. Marshall: One of the really important things I’ve learned from you, Dan, that is critical in venture capital, is the concept of “exit strategy”. It’s especially important to you as a venture capitalist, because if you don’t ever sell (exit) the company, you won’t make any money back!

How to Save Yourself from a Job You Hate!

Marshall Goldsmith

This client is a venture capitalist, and before he commits to any new project, opportunity, or job, he decides on an exit strategy. He is in the business of investing in new projects, so he is in a constant state of needing to exit so that he can continue to create new opportunities. (I I now think of an exit strategy before I commit. I plan an exit strategy before I say yes. Existentially, 15 Coaches is my exit strategy.

5 Key Fire Safety Measures for Small Businesses

Strategy Driven

Starting a new business requires a hefty amount of thought and planning, but most of that will be focused on acquiring customers, financial planning, marketing strategies, overheads, and so on. Plan and Practice a Fire Exit Strategy. Every business or office should have a sound fire exit strategy and this should be practiced regularly. All employees need to be aware of the main exit points and what is expected in the event of an alarm.

Top 10 Clear Signs It’s Time To Quit Your Job.

Rich Gee Group

Start planning your exit strategy. I answered this question on the website Quora a few weeks ago. Here’s my Top 10 (in no real order of importance) list why you should probably quit your current position and move on: You start looking forward to the weekend on Wednesday (or even worse, Monday).

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How to Be Successful in a Toxic Culture

Lead from Within

Formulate an exit strategy. If you’re working in a toxic organizational culture, you already know what a struggle it can be to succeed—or even survive. You’re far from alone—many people find themselves doing a job they love in a workplace they hate. You may not be able to single-handedly change the culture around you, but there are things you can do to advance your own success in a toxic environment. Here are some of the most important: Maintain your boundaries.

Investing in Mortgage Foreclosures

Strategy Driven

Foreclosure investment is a strategy that requires a level diligence. For investors to succeed in the foreclosure (FCL) market, they should study over time the strategies and tactics adopted by other successful investors. However, the majority of them lack the real knowledge of the investment and lack risk mitigation strategies. Investment Strategies. The investment strategy is critical in the foreclosure market. Acquisition Strategies.

From OK To Extraordinary: How To Find The Elusive “It”

Terry Starbucker

There were no numbers, no statistics, no bullet points, and no exit strategies. “They just don’t have it. ” “ It’s not there.” ” “I can’t find it. ” “I’ve got it!” ” “He’s got it!” ” “She’s got it!” ” We’re all looking for this thing, this “ it “ The difference maker.

I Want to Start My Own Business But How?

Strategy Driven

Despite the fact that you’re yet to start your company, this is a good time to think about your exit strategy. Modern advancements in technology have made it easier than ever before to start your own company and become an entrepreneur.

Just for Entrepreneurs: How to Choose the Right Financial Adviser

Strategy Driven

In addition, he or she should be skilled and confident in connecting your business growth with integrated and holistic wealth management that includes tax, financial and investment strategies. It’s important to understand that a good process informs strategies, which determine the tactics you and your adviser will take toward your financial well-being. Was it just to have an exit strategy sale?

5 Clues That You Are Ready To Leave Your Corporate Job & Work From Home

Women on Business

If you can check of more than one item on the list above, you most likely have been thinking of leaving but have not yet taken the steps towards your exit strategy. Career Development Work-Home Life leave corporate leave corporate job start working from home strategies to leave your job wrok from home

Believe It Or Not: 7 Leadership Lessons From Robert Ripley

Joseph Lalonde

If not, begin planning your exit strategy and the future course of the organization. R obert L. Ripley was an extremely interesting man. Through many challenges in his life, Ripley created the Believe It Or Not! brand that’s become world famous. Not only that, Ripley was one of the first to globe trot around the world. In the end Ripley traveled to 201 countries in 31 years. He was a true oddity. Image via Creative Commons.

Starting a Business? Plan Your Exit Now

Strategy Driven

With the explosion of startups in Silicon Valley, the idea of a flashy and lucrative business exit isn’t anything new. An exit is the word people use to describe how founders (and any investors they may have) leave a business when it’s sold. When you put an exit in those terms, “plan your exit now” sounds like a recommendation to dream about the ways you’ll spend your millions. An exit may not have a Hollywood ending. Every exit has its trade-offs.

How to Get Started Flipping Houses: 10 Pieces of Expert Advice

Strategy Driven

Plan a Set of Different Exit Strategies. Be realistic through the entire process and have a disaster/exit plan. Do you want to get into house flipping? If done right, house flipping can be a great source of income.

Not Just a Job: Seeing (and Accepting) The Higher Calling of Leadership

Terry Starbucker

Look at that way, beyond the position itself, and there will be a reward for you that goes well beyond the paychecks, bonuses, stock options, and exit strategies. I remember the first time I became a leader. I was in eighth grade, and we were in the middle of tryouts for the upcoming middle-school football season.

Find the Unicorns to Help Your Business Excel

Skip Prichard

In Elephants Before Unicorns: Emotionally Intelligent HR Strategies To Save Your Company , I describe elephants – you know, the elephants in the room that no-one talks about – that are hurting your ability to hire and retain your best people – the unicorns. Even better, create a trusted environment where people can talk openly about their career goals and potential moves, so an exit strategy can be discussed and implemented with more time to find a replacement.

Love and Warren Buffett

Steve Farber

But as Buffett goes on to say in the interview, if the CEO loves money more than the company he or she runs, business becomes all about the exit strategy, not the building of something lasting and significant. I know we’re only 5 days into 2011, but this just might end up being my favorite quote of the year.

Walking Away from the Big Bucks in the Pursuit of True Balance.

Women on Business

This awareness helped cement my corporate world exit strategy. Toward the end of 2005, I started preparing my exit strategy.

Leadership Lessons for Accidental Bosses

Coaching Tip

So, what was my exit strategy? By Guest Author Hank Gilman. The most common question I’ve been getting during interviews for “ You Can’t Fire Everyone ” is why I even wrote the book in the first place. Not a bad question. Who needs another management book? Well, everyone who writes these sort of things think they have a new take on a old subject. I’m no different. You be the judge. I came up with the idea while driving my young son back from the mall.

7 Things You Should Consider When Choosing a Cloud Solution

Strategy Driven

An Exit Strategy. Cloud technology is expanding rapidly because of its many benefits. However, not all cloud solution providers are the same. Yet there are many cloud service providers offering themselves as the solution to your business’ needs. The question for many is what they should use as deciding factors when searching for a cloud solution. Here are seven things you should consider when choosing a cloud solution. Your Core Needs.

8 Ways to Finish a Ministry Job Well

Ron Edmondson

I do believe, however, the way one exits a position says a lot about their leadership as they enter something new. Being strategic-minded as I am, I have always had an exit strategy. Everyone loves a happy ending. If you follow this blog, you know I’m in a season of transition again. When I got to my previous church someone on the search team asked me to reflect on how best to finish well.

One Signature Piece of My Ministry

Ron Edmondson

Of course, I agreed, so he began to talk about my exiting strategy. One signature of my ministry, as a pastor, has been how approachable I appear on Sunday. I’m not saying that to brag. You need to keep reading before you make that assessment. I’m actually sharing it to encourage a few of my pastor friends who may read this blog and need it. This morning I had a doctors appointment. It was just a checkup. Thankfully, I’m well.

33 Rapid-Fire Thoughts On Meetings

Tim Milburn

Exit strategy 101 — If you’re meeting one-on-one with someone else, meet in their office. I have a confession to make…I don’t like meetings meaningless-gatherings-where-nothing-is-accomplished-but-someone-had-an-hour-to-kill. I realize I’m not alone. This list is probably the making of a “meeting manifesto” but for now…it’s just a list. Let the thoughts begin. Do we really have to have a meeting?

How To Finish Strong And Not Finish Wrong [Part 2]

Tim Milburn

As you plan your exit strategy from your student leadership position (and I recommend you create one), here are some of the reasons you should aim for a strong finish. “Genius begins great works; labor alone finishes them.” – Joseph Joubert, French Moralist & Essayist (1754-1824). The world is full of people who are good starters. What we need is more good finishers. The student leadership year is much more fun when you finish strong.

5 Suggestions When Firing Someone in Ministry

Ron Edmondson

This could be financial, but it could also be in the way you allow an exit to take place. Grace should also be extended in creating an exit strategy which protects the person’s future employment possibilities, as much as possible. Hopefully, by this point, there has been sufficient due process and fair warning, except in cases where an immediate exit is the only option. Whenever I talk about firing people in ministry I create a great deal of interest.

Love and Warren Buffett

Steve Farber

But as Buffett goes on to say in the interview, if the CEO loves money more than the company he or she runs, business becomes all about the exit strategy, not the building of something lasting and significant. I know we’re only 5 days into 2011, but this just might end up being my favorite quote of the year.

5 Suggestions When Firing Someone in Ministry

Ron Edmondson

This could be financial, but it could also be in the way you allow an exit to take place. Grace should also be extended in creating an exit strategy that protects the person’s future employment possibilities, as much as possible. Hopefully, by this point, there has been sufficient due process and fair warning, except in cases where an immediate exit is the only option. My post on firing people in ministry created a great deal of interest.

Thoughts on Firing People in Ministry – And Some Objections to Doing So

Ron Edmondson

And we should be gracious and generous in the exit strategy, and be willing to walk with the person through the recovery process as much as is reasonable and welcomed by the released person. This is a difficult post – about a difficult issue. It is one we don’t necessarily like to talk about in the church, but sometimes we must. I came out of a business background, so some things which are done in ministry are different for me. And, frankly, many should be.

Thoughts on Firing People in Ministry

Ron Edmondson

And we should be gracious and generous in the exit strategy, and be willing to walk with the person through the recovery process as much as is reasonable and welcomed by the released person. This is a difficult post. About a difficult issue. One we don’t necessarily like to talk about. But sometimes we must. I came out of a business background, so some things that are done in ministry are different for me. And, frankly, many should be.

8 Ways to Finish a Job Well

Ron Edmondson

I do believe, however, that the way one exits a position says a lot about their leadership as they enter something new. Being strategic-minded as I am, I do have an exit strategy. I guess this part of the strategy is working. Everyone loves a happy ending. If you follow this blog, you know I’m in a season of transition from one church to another. Recently someone on the search team from the new church asked me to reflect on how best to finish well.

Yahoo’s Carol Bartz: Lessons in burning bridges

Roundtable Talk

But is this a realistic exit strategy for most of us? With a strong track record, most successful people can bounce back and Bartz’ exit behaviour is pretty consistent with her behaviour when she was CEO, so her reputation is pretty well known. So Yahoo CEO Carol Bartz has been punted from her position for what appears to be a general lack of ability to meet the Board’s revenue expectations.

Strategic Humor: Cartoons from the April 2016 Issue

Harvard Business Review

Here’s the winning caption: “This is your worst exit strategy yet.” Enjoy these cartoons from the April issue of HBR, and test your management wit in the HBR Caption Contest. If we choose your caption as the winner, you will be featured in an upcoming magazine issue and win a free Harvard Business Review Press book. “Don’t believe them when they say they want topical material.” ” John Klossner.

20 New Words Every Leader Should Know

Eric Jacobson

Big Media -- Primary mass communications sources, e.g. TV and the press Exit Strategy -- Planned means of extricating oneself from a situation Flash Mob -- Brief gathering for a common purpose, announced by e-mail or text Flyover States -- Central regions of the U.S. Good Sample Business Principles Do you have a brand strategy? skip to main | skip to sidebar Eric Jacobson On Management And Leadership Welcome!

Why Tech Entrepreneurs in Developing Countries Struggle to Raise Funds

Harvard Business Review

But there was one problem: my business plan had no exit strategy. They all asked exit strategy questions and my answer, naively, was that we would grow revenue and share profits! I learned a valuable lesson: Entrepreneurs need to have plans in place for investors to exit, especially in developing countries. But for entrepreneurs in developing nations, especially Africa, the exit strategy can be a challenge.

If You're Out to Change the World, How Do You Know When to Move On?

Harvard Business Review

A certain phrase has gained currency in my world lately: the notion that a social enterprise must have an "exit strategy." At least in my corner of the social enterprise world (the part that focuses on communities'' access to good water), I have yet to see a successful, strategic exit. If we truly planned for return-maximizing exits — made that the explicit objective and kept our sights on it throughout — much about our programming and behavior would change.

Morning Advantage: How to Take More Risks

Harvard Business Review

EXIT STAGE LEFT. When leaving a job — whether for an internal promotion or a new organization — a poor exit strategy can come back to haunt you. When companies lack a clear stance on when and how to take risks, managers often don't take enough of them, routinely making safe investment choices over ones with higher potential.

A simple cure for the Buzzword Bingo | Rajesh Setty

Rajesh Setty

The product was conceived in one of those Barcamps where we were discussing Blue Ocean Strategy and suddenly one of them suggested that with a little bit of knowledge arbitrage from the trucking industry, we could enable a product that will take advantage of the “ wisdom of the crowds &# and also capitalize on the “ long tail &# phenomenon. We will pursue a global channel strategy after we complete our I18N project. HELLO THERE AND WELCOME.

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Turn Yourself Into a Star Sales Leader

Harvard Business Review

Have an exit strategy. To avoid that, you need to have an exit strategy at the outset. You are a star salesperson. And after years of exceptional performance, you''ve just become the sales leader. How can you translate star sales performance into star sales leadership? If you are like many sales leaders I''ve worked with your first impulse will be to try to clone yourself — that is to inject some of your star power into as many sales calls as you can.

Nurture Entrepreneurs in Africa

Harvard Business Review

Investors cannot put money into most ideas because the exit strategy is limited. Thinking how to exit at the beginning is very important. In the last few months, the number of entrepreneurship workshops and trainings in Africa has increased. Entrepreneurship has become the next big thing in the continent and many young graduates are opting to take risks and run startups rather than seek traditional employment.

Avoiding the Soft "Yes"

Harvard Business Review

The project team had spent the past six months designing a new strategy to accelerate growth in a critical emerging market for a multibillion-dollar multinational. This happens when executives get jazzed about a broad innovation strategy, nod their head vigorously in support of it, but stop short of committing real, tangible resources, however modest. Consider creating an exit strategy in case things don''t go according to plan.

When Fighting with Your Boss, Protect Yourself First

Harvard Business Review

So, if you must fight, be sure you have a strategy to protect yourself from the fallout. You also probably want an “exit strategy” to get out of the conflict. Have you ever felt like your boss is out to get you? Maybe you’re paranoid. But then again, maybe not. There are a lot of bad bosses out there, leaders who aren’t stupid but lack emotional intelligence.