How To Make Millions When You Exit: 7 Entrepreneurs Worth Over $2 Billion Explain
An interesting article in Forbes containing interviews with seven entrepreneurs who made very succcessful exits.
Cindy Whitehead, who sold her businesses for more than $1.5 billion, you should consider a sale if ” “someone other than you can take the company to the next level – through price competitiveness, distribution, and globalization.”
Joni Young, founder of Joni Young Global, claims the secret is in good preparation over at least 2-3 years “to clean up the books and work with your legal and finance team to package the company”.
Shawn Thomas, a lifestyle entrepreneur, says the secret is to having the right advice and the right team, and that you need to know what the buyer knows and think like the buyer is thinking.
Other contributors include Ryan Blair who sold his company, ViSalus, for $792 million; Quiane Crews who who sold his manufacturing company for over $100 million and Elena Masolova , co-founder of Darberrv (sold to Groupon for $50 Million) and founder of Pixonic (sold to Mail.ru for $30 Million).