by Gunnar | Aug 16, 2016 | Entrepreneurship
As the body of literature surrounding the subject of entrepreneurial finance develops, both academics and practitioners will have more tools available for understanding the financial aspects of successfully establishing and growing a new business. In examining...
by Gunnar | Aug 9, 2016 | Entrepreneurship, Musings
While there are a number of options that an entrepreneur may explore in considering an exit, it is critically important to begin exit planning early in a venture’s life cycle. The process of exit planning will guide the entrepreneur in his/her choices and strategies...
by Gunnar | Aug 2, 2016 | Entrepreneurship
The initial public offering (IPO) of a company is the most sought after form of exit. This is in part because an IPO often returns up to five times more than other options provide for the entrepreneur (HBS, Harvest Time, 2006). Despite the promise of a high value on...
by Gunnar | Jul 26, 2016 | Entrepreneurship
An employee stock ownership plan (ESOP) allows the firm to be sold directly to its employees over a period of time. ESOPs use company stock as a type of retirement benefit for firm employees. ESOPs are perhaps the most common method of transferring company stock to...
by Gunnar | Jul 19, 2016 | Entrepreneurship, Musings
Management and leveraged buy-outs are sale transactions in which inside or outside professional managers purchase equity in the firm, often with the use of large loans or debt. Leveraged buyouts were used in the 1980s to turn quick profits by purchasing a firm and...
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.,...
