by Gunnar | Jul 12, 2016 | Entrepreneurship
The sale of the firm, or merger and acquisition by another individual or organization are often-used entrepreneurial exit strategies. In fact, selling the firm to outside investors or buyers is the form of exit that two-thirds of entrepreneurs plan to use (Inc.,...
by Gunnar | Jul 5, 2016 | Entrepreneurship
Harvesting the business requires a strategy, planning, and patience on the part of the entrepreneur. In harvesting the entrepreneur seeks to maximize the free cash flow after taxes the he/she receives from the business. Retained earnings and profits from the firm...
by Gunnar | Jun 28, 2016 | Entrepreneurship
Succession planning can take the form of family succession or passing management to a key employee or partner. In both types of succession it is important for the entrepreneur to begin planning for succession and, preparing the successor, as early as possible for the...
by Gunnar | Jun 21, 2016 | Entrepreneurship
The process of liquidating the business is straightforward and requires little planning on the part of the entrepreneur. The process of liquidating the business involves selling all of the business’s assets and repaying the business’s creditors (Henricks, 2009). The...
by Gunnar | Jun 14, 2016 | Entrepreneurship
The final step in the entrepreneurial process is that of harvesting value from an ongoing firm or exiting the venture. This aspect of entrepreneurship is often neglected in the literature but is crucial to success. Most exit models in the entrepreneurship literature...
