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Bo Burlingham
Author & Speaker
BoBurlingham.com
The Elements
of a Good Exit
1 You feel that you havebeen
treatedfairly during the exit process
and appropriatelycompensated.
You havea sense ofaccomplishment.
You canlookback andknow you have
contributedsomething of valueto the world.
2
You areat peacewith what has happenedto
other peoplewho helpedbuildthe business.
3
You havediscovereda new sense
of purpose outsideof thebusiness.
4
For some people,a fifth element:
Thecompanyis going onwithout
you and doing better than ever.
5
The Four Stages of an Exit
1 Exploratory
Investigatingthe many possibilities,doing the necessary
introspective
work, anddeciding whatyou do
and don’t care aboutinan exit.
2
Learning to view your company as
a product and buildingintoit the qualitiesand characteristics
that
willmaximize its value.
Strategic
3
The processyougo through to get
a deal done, whatever type of exit
you may be lookingfor.
Execution 4
It begins withthe completionof the
dealand ends when you’re fully
engaged in whatever comes next.
Transition
1 Youknow who youare, what
you want,and why.
2
3
3
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
consider fair.
Yougive yourself enough time to prepare —
measured in years, not months.
In choosinga successor, you give yourself enough time
to fail.
½
4 Youget help andadvice from people who’ve been
throughit themselves.
5
6
7
Youdo right by the people who’ve shared the journey
withyou.
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.

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Bo Burlingham : Finish Big

  • 3.
  • 4. The Elements of a Good Exit 1 You feel that you havebeen treatedfairly during the exit process and appropriatelycompensated. You havea sense ofaccomplishment. You canlookback andknow you have contributedsomething of valueto the world. 2 You areat peacewith what has happenedto other peoplewho helpedbuildthe business. 3 You havediscovereda new sense of purpose outsideof thebusiness. 4 For some people,a fifth element: Thecompanyis going onwithout you and doing better than ever. 5
  • 5.
  • 6. The Four Stages of an Exit 1 Exploratory Investigatingthe many possibilities,doing the necessary introspective work, anddeciding whatyou do and don’t care aboutinan exit. 2 Learning to view your company as a product and buildingintoit the qualitiesand characteristics that willmaximize its value. Strategic 3 The processyougo through to get a deal done, whatever type of exit you may be lookingfor. Execution 4 It begins withthe completionof the dealand ends when you’re fully engaged in whatever comes next. Transition
  • 7. 1 Youknow who youare, what you want,and why. 2 3 3 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 consider fair. Yougive yourself enough time to prepare — measured in years, not months. In choosinga successor, you give yourself enough time to fail. ½ 4 Youget help andadvice from people who’ve been throughit themselves. 5 6 7 Youdo right by the people who’ve shared the journey withyou. Youanalyze why potentialbuyers wantto own your businessandfigure outwhat they willdo with it. Youfigure outand become fullyengaged with whatever comes next.
  • 8. #7: Figure out and become fully engaged with whatever comes next.