Chapter 10: Time To Sell

"A prudent question is one-half of wisdom". -Francis Bacon 

The Finish Line

Any successful entrepreneur must consider his or her exit strategy. The final step in entrepreneurial efforts. By giving yourself some sort of finish line, you help define the ultimate goal of your efforts. Consider what type of future you must desire, and how you'd like your "retirement" to look. It forces you to plan for the future and act effectively in the present. 

Our Selling Experience: A Review of Principles

From start to finish, the principles of spirituality, moral living, keeping covenants, following The Formula, and the many other ideas shared in this book have worked together as the compass for our business actions and decisions. Experience the power of change, the need of change, and the benefits of change in our lives. Don't force the things. 

Have specific stipulations may or not make your list of selling requeriments, the lesson here is to ponder what fundamental principles are most important to you and your business. Stand up for the principles important to you and make their maintenance actual requeriments for anybody interested in buying your company. 

Some questions:

• What involvement do you desire after the sale, and how will you ensure that it happens?
• How will you protect your associates, the team that "got you there" in the first place?
• How will your company's culture be protected, and how will you keep the company from morphing into another empire with an entirely different identity?
• Does the sale contract reflect the exit strategy that's best for your, your family, and your future?
• What selling price is right? How much is "enough"? Will the sale set you up with income sufficient for retirement? Will it allow you to fund your philanthropy work and create the future style of service you desire?