This article, written by Bryce DeGroot, was originally published in the Montana High Tech Alliance newsletter.
Entrepreneurs are visionary leaders who are driven by ideas and execution. They are intensely devoted to building their company. It should come as no surprise that most business owners spend little time planning for the inevitable fact that they will someday exit their company.
The decision to sell a company or a share of equity can be driven by personal goals such as retirement, the need to free up time or capital for the next venture, or business strategy.
The best exit strategy weaves together the company’s growth strategy and long-term exit planning into an outcome that maximizes value and achieves the shareholder’s personal goals.