40 min
Build an Exit Strategy Mindset Today with Mac Lackey Beyond 8 Figures
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- Entrepreneurship
Mac Lackey tells us why being proactively preparing your business to be sold is vital even if you do not plan to exit. Are you adding the strategic value your business needs to be sold? Tune in to another episode with Mac Lackey to find out.
On today’s podcast:
- To detect trends early, ask yourself: What is new in the world (eg: Covid-19)? what’s going to change as a result of this new dynamic? What’s going to remain the same? What are other people doing?
- 1 - 3 years away from an exit is the best time to start working towards your exit.
- Preparing your business to be sold is crucial regardless of whether or not you plan to sell it.
- Creating value quickly and exiting early is usually easier than selling in more mature stages.
- Technology today makes it much easier for entrepreneurs to create significant value fast in the early stages of the business.
- Large corporations often acquire small businesses in their early stages. They can focus on distribution and scaling, as the intellectual work and product-market fit has already been established by the small business.
Mac Lackey tells us why being proactively preparing your business to be sold is vital even if you do not plan to exit. Are you adding the strategic value your business needs to be sold? Tune in to another episode with Mac Lackey to find out.
On today’s podcast:
- To detect trends early, ask yourself: What is new in the world (eg: Covid-19)? what’s going to change as a result of this new dynamic? What’s going to remain the same? What are other people doing?
- 1 - 3 years away from an exit is the best time to start working towards your exit.
- Preparing your business to be sold is crucial regardless of whether or not you plan to sell it.
- Creating value quickly and exiting early is usually easier than selling in more mature stages.
- Technology today makes it much easier for entrepreneurs to create significant value fast in the early stages of the business.
- Large corporations often acquire small businesses in their early stages. They can focus on distribution and scaling, as the intellectual work and product-market fit has already been established by the small business.
40 min