Crafting Your Exit Strategy: The Ultimate Exit Model
Summary:
In this video, Kerry introduces the concept that an exit from your business doesn’t have to be a definitive conclusion; it can take various forms. Kerry suggests that selling the business outright is just one option, emphasising that it can be tailored to meet individual preferences.
The key elements of the ultimate exit model should include—evaluate, explore, innovate, and transition. The video encourages viewers to consider exit strategies that align with their goals, providing flexibility and room for personalisation.
Transcript:
What if it doesn’t have to be the “be all and end all?” That you could sell your business outright. That it can be anything that you want it to be. You can just take some chips off the table, leave some other chips and not have it the be all and end all.
I recommend this as a way to see what exit strategy could work, and I call it the ultimate exit model, which is evaluate, explore, innovate, and transition.
Recent Comments