Research shows that 80% of pentamillionaires (those with a net worth of $5 million or more) are business owners who successfully sold their businesses.
Yes, real wealth is not made simply by starting companies. And it’s not made simply by growing companies. Real wealth is made by selling a company. And particularly, selling to an acquirer who will pay a premium because it believes it can generate even more value from what you’ve built.
Importantly, the “hidden” secret behind ultra-successful entrepreneurs is that they start thinking about selling or exiting their companies early on. Specifically, these entrepreneurs create exit strategy plans; plans that layout the roadmap for them to grow their company so they can exit for the maximum dollar amount within a defined time period.
They do this because when you build a business to exit (either via sale, IPO or other means), you set different strategies and goals then when you merely try to grow a business.
The good news is that short-term success and long-term success are NOT mutually exclusive; when you properly build your business with a defined exit plan, you can maximize short term revenues and profits, while preparing your company for a multi-million dollar exit.
For over a decade, Growthink has been developing exit strategy plans for our clients. Importantly, many of these clients have since realized multi-million dollar exits, the precise dream they had when they first launched their companies.
If you too would like to realize a multi-million dollar exit, then we should speak. We can work with you to develop and execute upon a comprehensive exit strategy plan that allows you to achieve your goals.