Determine how audacious your strategic plan needs to be
Ask yourself this question – to help you be euphoric one day in selling your company, how audacious does your strategic plan need to be?
There are multiple benefits to having a solid strategic plan for your business and one of these is knowing how audacious your plan needs to be to help you achieve your desired outcome from a future sale. You don’t want years to go by and then decide to sell your company only to find that you didn’t have an aggressive enough strategy to close the gap in terms of what your business is worth today versus what will make you euphoric in the future. And the opposite can happen, you don’t want to take unnecessary aggressive steps with your business that might introduce time, cost and/or risk that aren’t required for you to achieve a euphoric exit event.
The journey with your business to a successful future exit event starts today by deciding what good looks like to achieve your future desired outcome. Determine today’s starting point to identify how small or large the gap is that you face. Doing this will help you determine the magnitude of the time, risk and investment that will be needed to close the gap. Don’t leave it to chance whether you will be euphoric one day from the sale of your company. Get out in front of that planning today and determine the strategy you will need to get you there.
