Theresa M. Szczurek //November 25, 2013//
(Editor’s note: This is the second of two parts. Read Part One.)
It’s the ultimate goal of an entrepreneurial venture – a good exit. Yet the odds are against the entrepreneur – most ventures fail. It often is a harder journey than expected. Getting to a good exit typically requires a bold vision, the right team, persistence, many pivots, hard work, some luck and much more. For those on the right track, however, it’s never too early to prepare for an exit. At the recent Colorado Capital Conference sponsored by Rockies Venture Club (RVC), an all-star cast of successful entrepreneurs shared their stories and lessons learned.
Here are three more practical pointers from recent Colorado entrepreneurial stars that may help you attract good exits:
Have hope. Consider Meg Hansson, Lifetime Esprit Entrepreneur Award winner in Boulder County and inventor of the baby carrier, who has 8 start-ups behind her including the successful acquisition of her company Gerry Baby Products to Evenflo. There are many stories of good exits.
As Peter Adams, Executive Director, RVC said, “Promote exits.” Let others know that good things are happening. Entrepreneurs, start with the end in mind!