Extract . . .
The first or second question discussed with any half-decent bankers, advisors, potential investors or board members is "What is the exit strategy?"
The assumption behind the whole growing business ethos is about incremental stages of growth:
- Have an idea (that you're passionate about)
- Make and sell stuff (from your dining room)
- Employ some people
- Get some premises
- Create a model that works
- Scale it up (probably with someone else's money)
- Sell the whole thing on to someone who has the pockets to take it even further and make a load of money in the process.
http://www.thecorporatetoolbox.com/articles/entrepreneurs_refuse_the_big_big_payouts
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