Remove Exit Strategy Remove Finance Remove Technology
article thumbnail

Older Executives: Keep Your Eyes Wide Open

Rich Gee Group

They want folks who think outside the box, embrace new technology and are ready to pivot on a dime. If your salary is $250,000 a year, someone in finance is going tocalculate whether two younger hiressay at $125,000 eachcould deliver equal (or greater) results. Have a Plan B (and C) Theres no shame in building an exit strategy.

Execution 195
article thumbnail

Key Strategies for Aspiring Entrepreneurs Considering Franchise Ownership

Strategy Driven

Budgeting wisely, preparing for unexpected expenses, and familiarizing oneself with various financing routes are elemental strategies for financial preparedness. Navigating financing options and loan opportunities. Creating an Exit Strategy An exit strategy is as essential as a plan to start a franchise.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How can I start my own business?

Strategy Driven

Consider an exit strategy: A business that is built with passion and obsession does not come with an exit strategy. If in the beginning, you think of how to exit the plan, you will see a lot of negativity everywhere. Your finances: Nothing works without investment. About the Author.

article thumbnail

Walking Away from the Big Bucks in the Pursuit of True Balance.

Women on Business

This awareness helped cement my corporate world exit strategy. Toward the end of 2005, I started preparing my exit strategy. It was time to let go of the illusion of control that the “big bucks&# created. Don’t get me wrong, big bucks rock! No longer a company creature; my job was surely destroying my soul.

article thumbnail

I Want to Start My Own Business But How?

Strategy Driven

Modern advancements in technology have made it easier than ever before to start your own company and become an entrepreneur. Plan Your Finances. Despite the fact that you’re yet to start your company, this is a good time to think about your exit strategy. Decide on a Legal Business Structure.

article thumbnail

Why Tech Entrepreneurs in Developing Countries Struggle to Raise Funds

Harvard Business Review

But there was one problem: my business plan had no exit strategy. They all asked exit strategy questions and my answer, naively, was that we would grow revenue and share profits! But for entrepreneurs in developing nations, especially Africa, the exit strategy can be a challenge.