socialgables5

Wind Mobile founder Anthony Lacavera has started 12 businesses, six of which he has exited. His exits have ranged in value from the $6 million he got for one of his recent start-ups to $1.3 billion when he sold Wind Mobile. He did it by following two key ceo exit strategy tips. •           Understand what kind of company you are running Lacavera has owned hyper-growth unicorns and lifestyle businesses and urges entrepreneurs to be clear about their long-term prospects. Lacavera started a business supplying hotels with internet access and understood the company would be a good cash generator, but would never sell for a mint. He ran the business for almost two decades and used the cash it generated to fund various other ventures. Recently, he finally sold the business, which was generating $1.5 million in pre-tax profit, for $8 million—a relatively modest 5 times earnings, which was fine by Lacavera, because it had served its purpose of funding other companies along the way. •          ...

In our experience, your age has a big effect on your attitude towards your business and how you feel about one day getting out. Here’s what we have found about transition strategy plan and age: Business owners between 25 and 46 years old Twenty- and thirty-something business owners grew up in an age where job security did not exist. They watched as their parents got downsized or packaged off into early retirement, and that caused a somewhat jaded attitude towards the role of a business in society. Business owners in their 20’s and 30’s generally see their companies as means to an end and most expect to sell in the next five to ten years. Similar to their employed classmates who have a new job every three to five years; business owners in this age group often expect to start a few companies in their lifetime. Business owners between 47 and 65 years old Baby Boomers came of age in a time where the social contract between company and employee was sacrosanct. An employee agreed to be loya...

Organisations worldwide invest a lot of resources, time and money in Talent Management to retain High Potentials (HIPOTs). These would highly capable, intelligent, and quick learning resources that we are dealing with. Would a hike in salary package, grade, or designation place them motivated for long?   Visualize a goldfish in a tank full of fighter fish. A formula1 car on a heavy traffic road. Shoe polish adjacent to fruit racks in a retail outlet. How repulsive are these images? That's simply how hipots will feel should they have to work in an environment that doesn't suit their culture, aspirations, and capabilities. They are going to feel suffocated and what follows next is the hipot going in search of fresh air.     CAPABILITY MISMATCH:   Think about it as a situation where your hipot has to report to a supervisor who is low on general intelligence. The manager would most probably take more time concluding a brainstorming session. The hipot may see this extr...

A strategy map is a graph of a company's overall objectives and how they connect to one another. This is a guideline for organizational choice makers, which they can use to prepare and keep track of the development of their organization. Technique maps are especially beneficial when your organization is going through substantial change. It is vital that the strategy map not change significantly from the version you get from the organizer, so that your choice makers can utilize it to plan the next steps to get your goals accomplished. Creating A Strategy Map You need to create a  strategy map  at the start of your company, but later on as the modifications occur you can create a brand-new variation. You can alter the strategy map or just create a new one. Some of the concerns that must be consisted of in a technique are: Start of action plan Continuous actions End of action plan In addition, you should consist of an impact statement. An impact declaration is a declaration of the goa...