“Report on business exit emphasizes planning,” Family Business Magazine, September/October 2015
Barbara Roberts, entrepreneur-in-residence at Columbia Business School, believes that television shows like Shark Tank have spread the misconception that growing a company and selling it for a large amount of money is a common occurrence and easy to accomplishment.
Roberts says every business owner should be aware that there are ten things that can happen to a company:
1.
IPO.
2.
Transfer of ownership to a family member.
3.
Transfer of ownership to management team.
4.
Transfer of ownership to employees.
5.
Transfer of ownership to a partner.
6.
Sale to strategic buyer.
7.
Sale to financial buyer.
8.
Passive owner with an independent CEO.
9.
Bankruptcy.
10.
Liquidation.
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