Entrepreneurs often speak of their startups as if they were beloved children. The infant business must be protected, nurtured and loved. Its owner must be willing to feed it late at night, to fend off hurtful strangers, to sacrifice in multiple, unexpected ways. And often, those business owners must find a way to let go.
As businesses grow, they do not exactly move out, go to college and get married. However, digital startup entrepreneurs have similar goals for their businesses. “Exit strategies” don’t mean entrepreneurs plan to get up and walk away from their businesses without looking back. Rather, entrepreneurs want to raise their startups, prepare them for bigger and better things and let them go, either through acquisitions, public offerings or organic growth. Our businesses can’t stay babies forever.
To read the full, original article click on this link: How to Craft a Smart Startup Exit Strategy
