acquiring. could be for talent, velocity, they want to buy in and not build it from ground up. i think before you think about merging or acquisitions or these big pictures you have to look at yourself as a business owner. how do i want to grow my business, what is my exit strategy, and then you know, the reason that most exits fail in the actual exercise of them happening is because you haven t thought it through yourself. then you are expecting someone to have this magical check make all things solve. after a merger acquisition most fail balls they haven t been set up for success. figure out what s important to you and figure out who is your target. someone gave us advice which is write down all of your core competencies on a sail of 1 to 5 how good are you at these. you might be surprised to see that what someone might acquire you for is not exactly what you would have thought. when you see what you are good at. it could be talent. has nothing to do with your product or service.
think you can help them. not just build from the ground up. before you think about merging, acquisitions or any of these big pictures you have to look at yourself as a business owner and say how do i want to grow my business? what s my exit strategy reason that most exits fail in the actual exercise of them happening is because you haven t thought it through yourself. and then you re expecting someone else to have this magical check that will make thing all things solve when the reality is that after a merger acquisition, most of them fail because they haven t been set up for success. and someone gave us some advice once, which is write down all of your core competencies and on a scale of one to five, how good are you at these, right? you might be surprised to see that what someone might acquire you for is not exactly what you would have thought. absolutely. when you see what you re actually good at. it could be talent and has nothing to do with your product or service. thank
for someone else. where does she begin, monica? well, with an exit strategy that works for everyone, one of the big things to consider is just time, are you allowing enough time for an orderly transition? i think you know, if the folks, and the employees, that is a consideration, the employees that work for you, are they going have enough up side when there s new management. when there s going to be a new buyer in the business? so, a lot of business owners. what do you mean by up side? are they going to participate in some of the sale or do they keep their jobs? so, i think all of the above. are they going to be around and feel motivated to continue to do their jobs. people stick around for reasons other than money. they have a relationship, they feel a level of stability. they like the culture. how do you make the transition more orderly? and i think the big emphasis is time. well, there are probably, if she thinks about it, a couple of likely buyers already. right. there ar
the adults do it through linkedin. social media is a way to keep in touch with the people that i serve. smoets. stick around as we mark the kickoff of our tenth season with what we love to do most, answer your small business questions. we will be talking about investor involvement, and planning and exit strategy. american express for travel and entertainment worldwide. just show them this - the american express card. don t leave home without it! and someday, i may even use it on the moon. it s a marvelous thing! oh! haha! so you can replace plane tickets, traveler s cheques, a lost card. really? that worked? american express timeless safety and security
right, while you still have a choice. so, on that case, i think he wants to be a little bit early, coupled with the more progress you make without them, the better bargaining position you are going to be in. yeah, and i would add, you should think about investors when you want to top having full control of decisions. that s a big part of it too, which is, you are used to doing the business, making decisions the way you make decisions and the minute you bring in an outside party, it s not your baby anymore. the answer may be never. there s not justin investors, there s growth capital you can get, you can get different options with debt that help you get to where you want to go. pay for your accounts receivables and ato grow your business. and so maybe never. he is in a good position, unlike other companies he is in a good position where he had has the cash. and finally we have one more question about getting out of your business. how do i go about planning an exit strategy that wi