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Juan’s Consulting Playbook
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    • Juan’s Consulting Playbook
      • Finding Customers
        • Customers list
        • Problem statements
      • Defining Your Offering
        • Brainstorm solutions
        • Partners/Experts list
        • Proposals (Used as a template)
      • Growing Your Audience, Customer Base, and Company
        • Content for your audience
      • Delivering
        • Future Press Release
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      • Operating the Business
      • The Team
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      • Pricing Your Services
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        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.

Tip #2: The sooner you become dispensable to your business, the more value you will be able to capture from your exit.


light

Top tip

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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