In part 10 of Garage2Global, ‘The end game: Listing or trade sale’, published online and in the November 2018 issue of NZBusiness Magazine, Datagate CEO Mark Loveys wraps up his ‘how to’ guide on taking your business from your garage to the global stage by explaining how to plan and prepare your exit strategy.
The series, exclusive to NZBusiness Magazine, provides a succinct ‘how to’ guide for would-be entrepreneurs wanting to launch their business to the world, from a successful serial entrepreneur.
Unless you plan to hold on to your business for the rest of your life, you will need to plan your exit strategy. The earlier you start planning and preparing for your exit, the better off you will be when the time comes.
Preparation for an exit
This may seem like an obvious statement, but it’s amazing how often this gets overlooked:
You need to ensure that your business gets to a state where someone else would want to own it and, ideally, the business should not in any way be reliant on you personally for its continued operation and success.
Read the full article on the NZBusiness website
Part 1: ‘The Big Idea’
Part 2: Taking those first critical steps
Part 3: Nail it before you scale it
Part 4: Raising capital – Who, when, where & how
Part 5: Taking investors along on the journey
Part 6: Product launch
Part 7: Why happy customers are your biggest marketing asset
Part 8: Using New Zealand as a proving ground
Part 9: Going global