Bo Burlingham is a very successful author with book like the Great game of business, Small Giant and Street Smarts. Long time editor at Inc. he is now editor at Forbes.
He is introducing he new book in this presentation : Finish Big.
He is tackling the issue of these business owner who sold out their company and became miserable.
of a Good Exit
1 You feel that you havebeen
treatedfairly during the exit process
You havea sense ofaccomplishment.
You canlookback andknow you have
contributedsomething of valueto the world.
You areat peacewith what has happenedto
other peoplewho helpedbuildthe business.
You havediscovereda new sense
of purpose outsideof thebusiness.
For some people,a fifth element:
Thecompanyis going onwithout
you and doing better than ever.
The Four Stages of an Exit
Investigatingthe many possibilities,doing the necessary
work, anddeciding whatyou do
and don’t care aboutinan exit.
Learning to view your company as
a product and buildingintoit the qualitiesand characteristics
willmaximize its value.
The processyougo through to get
a deal done, whatever type of exit
you may be lookingfor.
It begins withthe completionof the
dealand ends when you’re fully
engaged in whatever comes next.
1 Youknow who youare, what
you want,and why.
Seven (and a Half) Key Factors
Determining the Kind of Exit You’ll Have
Youbuilda business thatcan be soldwhen andto
whom you want tosell it—for an amountyou
Yougive yourself enough time to prepare —
measured in years, not months.
In choosinga successor, you give yourself enough time
4 Youget help andadvice from people who’ve been
Youdo right by the people who’ve shared the journey
Youanalyze why potentialbuyers wantto own your
businessandfigure outwhat they willdo with it.
Youfigure outand become fullyengaged with
whatever comes next.
#7: Figure out and become fully
engaged with whatever comes next.