Exit strategy: what it is and why you need one

Usually all your energy as a startup founder goes into making your company a success. A plan for how you leave your business is probably the last thing on your mind.

But even when you’re deep in the everyday detail and celebrating each fresh sign of growth, it’s still important to have a longer-term view of your company’s trajectory.

When you know what your possible exit routes could be, it helps you plan for your company’s future, attract investors, grow strategically and maximise the returns for founders, investors and early employees.

In this post, we’ll break down the most-common exit routes for startups and explain why exits are so important to investors.

What exactly is an exit?

• You’ve achieved a good valuation

Watch video: How to successfully sell your company

• When to sell your business

• How to find a buyer

• How to make your business more attractive to potential buyers

• How long the acquisition process takes

• How to get ready for your buyer’s due diligence

It’s never too early to start planning your exit strategy

Exiting your business is a crucial step in the lifecycle of a startup, and it’s essential to be well prepared. A clear exit strategy can help you make informed decisions about the future of your business, and it can also help you attract investors who share your goals. By understanding your options for exit, preparing for the process, and aligning your strategy with your investors, you can set yourself up for long-term success.

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