Do you have an exit strategy? Don’t know? Better listen to this podcast! Today and every week day with your #70secondCEO Carl Gould.
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Hi Everyone, Carl Gould here your #70secondCEO, just over a minute of investment per day for a lifetime of results.
So, D stands for Direction. So, it’s strategic planning, mission, vision, values, purpose, and it says exit strategy there. This is, think all things big picture growth but also results, getting things done. This is an effective part of the business, not an efficient part of the business, an effective part of the business that requires you to think big and also have an end goal result. Okay? Now, one of the things that’s on here is exit strategy. So, how many of you have a fully documented exit strategy and you share it with your team? Getting close? Alright, that’s cool, no don’t be polite you can raise your hand in any order, alright? So, uh, note to self: must write exit strategy.
Now, the way we define exit strategy is, we like to use the way real estate looks at exit strategy. When you buy a piece of land or you buy a building they’ll say “What’s your exit strategy?” Well, I’m gonna subdivide it, I’m going to go from single use to multi-use, and I might still own it but it’s going to exit the form it’s in now, and it’s going to enter a new form later. Okay? So, we don’t take it literally that you’re selling and leaving. If that’s your definition for exit strategy then you can call this your evolution plan. Okay?
Like and follow this podcast so you can learn more. My name is Carl Gould and this has been your #70secondCEO.