The Exit

TMBA329: The Exit
Date: 2016-03-24
Link: Tropical MBA
 
Tropical MBAIf you are able to control your downside risk you are in a much better position to shoot for the upside.
One great thing about travel is that you can figure out who you are and hear your own voice.
(When selling your business) work with professionals who know how to market and sell a business.
If you’re selling your business look into the tax consequences of doing that and look at ways to minimize it.
When you want to maximize value on something have multiple bidders helps.
(Be careful) with earnouts.
Do some scenario planning with your lawyer.
Secure your earnouts.
Don’t skimp on lawyers and bankers. Push them.
Once you start viewing entrepreneurship as a creative process you start viewing the in-between periods as when your creative juices get flowing.