By Dan Andrews
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This book has 4 recommendations
Taylor Pearson (Author, Entrepreneur)Congrats to @TropicalMBA and @AnythingIan who just released their first book! Highly recommended!
Rob Walling (Serial Entrepreneur, Author)This book is an excellent look at things you should think about before considering selling your company. Dan Andrews did a bang up job looking at the sides of an exit that no other sources are discussing.
Mike Taber (Co-founder/Microconf)This was a fantastic primer for anyone who has a business they’ve been running and are considering selling. What makes it good is that it has less to do with the mechanics of selling the business and more to do with the mindset of how a business owner should approach it. I loved the inclusion of different thought experiments, for which there are no right or wrong answers, but rather what’s right or wrong for you. These aren’t the kinds of things you hear talked about very often in entrepreneurial circles. No fluff and straight from the trenches. Five stars for sure.
Jesse Hanley (Founder & CEO/Backpack)It’s about time this book was written. It is a long-overdue manifesto on how to sell a business and the tiny, often forgotten details, that happens after. If you’re considering even the thought of moving on from the company you’ve put your heart and soul into, then buy this now before you make the decision.
In the entrepreneurial world, it’s rarely questioned that “exiting” is the end goal of a smartly built business and a prestigious waypoint in a successful career.
Since building and selling a business can take years - or even decades - you can’t exactly “practice” exiting your business. The best you can do is learn from others.
In 2015, Dan Andrews and Ian Schoen sold their product business, which they built over the course of 7 years and employed 15 people, for multi-seven figures. While they don't regret selling the business – there are many mistakes they made that were avoidable.
Whether you are still in the early stages of building a business or thinking of selling, this book is designed to help you build with the future in mind.
This book presents a series of 5 thought experiments including:
- The Lifestyle Ladder
- The Mock Tax Rebate featuring the Mediocre CEO Test
- The Hidden Upsides
- The Cash Conundrum
- The Dirty Secret
It turns out there are patterns and predictable challenges coming your way when you prepare to exit your business. Knowing about them in advance is fun and potentially very profitable.
The five thought experiments that you’ll read about in this book are designed to give you clarity and confidence as you think through what it might mean to sell your business.
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