Planning for the exit
Planning for the exit

⭐ Tip #1: Plan for all possible exits for your business and for all people, as soon as you can

Ideally, this should happen at the time of founding (the company), when creating a partnership (with partners), or hiring (new employees).

You want to help people avoid getting stuck in your company via an unrealized incentive as can be with unvested stocks/options or pending bonus.

Contracts are great tools to enumerate possible exit scenarios and what happens in those cases.

Most Importantly, be kind!

Great people choose their team members. Being really smart is table stakes and never a reason to not be kind.

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