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Dealing With the Tough Stuff by Margot Fraser, Lisa Lorimer

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9 Moving on

There comes a unique stage in our relationships with our companies when it is time to leave. We will all move on from our companies at some point for various reasons: we hit retirement age, our business fails, we burn out, or we see that it’s a logical time to harvest some (or all) of the value we have built. We have heard stories of entrepreneurs who have decided, for all different reasons, to make a change and move on. There are a lot of ways to exit. We can merge with another company, go public, sell to our employees, find a financial buyer, or just pay off the bills and close the doors. But how do we know for ourselves when it’s time to leave? What is important to consider when thinking about a new ownership structure? How can ...

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