This week I sold my business, MSCO. Eighteen years in the making, it was a triumphant moment and an exhilerating one for reasons I will explain.
Before I get there, with that single act of selling, the noun\the concept of an “exit” strategy becomes a verb. I walked right through the strategy I created and it is an extraordinary rite of passage.
Not because I plan to leave the company anytime soon–in fact, the plan is for me to stay on for years–but in addition to the financial rewards, I have the opportunity to embark on a new adventure, riding along into the land of unlimited potential with my buyers/partners and the MSCO team that is the best in the world.
In fact, I have long stated at team meetings that our mission is to be the finest firm in the world. To innovate. To execute. To continuosly raise the bar on our own achievements and performance. Every entrepreneur should have an exit plan, a way to turn their sweat equity into liquid wealth but more than that a plan for working with others (such as my new partners) who may see life and the opportunities ahead of us through a fresh and unique prism that can be valuable to all of us.
For some, selling all or part of a business can be an end game, a culmination. But I view it differently: to me it is an opportunity to press the restart button and take all that has come before and place an exponent over it.
The ride is now in a higher gear than ever before.Email This Post