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Commercialise It/Maintain It/Exit It
Feelings/Experience Proud of what has been created. Questioning future direction personally and commercially.
What you need to work on at this phase Choice of direction for the business and the business owner/s
Commercialise It – Corporatise the business so that it runs by system and process and is not dependent on any one person. Business is able to be scaled if desired, merged or acquire other businesses. Business has multiple equity holders.
Maintain it – Business model is maintained at a predetermined capacity for the purposes of income production and ease of management for the owners.
Exit it - Business is set up for sale.
Issues that may arise from this phase
- Lack of clarity about the strategies to run each choice
- Lack of alignment of stakeholders to the choice
- Conflict around the choice between staekholders/shareholders
- Long term staff/stakeholders struggle to change with the business
Make the right choice. Book an initial meeting now. It's on us.
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