As a serial entrepreneur who has started and sold 6 technology companies, I have learned a few things over the years. The lessons I learned, and stay with me the most, are from mistakes that I made. For example, I did not have all my ducks in a row and did not have a well-defined exit strategy when I sold one of my companies. As a result, I know I left significant dollars on the table at the closing. These lessons inspired me to start 4 Pillar Coaching so I can pay it forward to other business owners facing similar challenges. The Scaling Up method, which is what I implement for clients, offers great tools to ultimately execute your exit strategy. The exit strategy should be top of mind from the onset of creating the company, even if you plan to shut it down one day or leave it to
In December, Steve Ferman kicked off his first session of the quarterly 4 Pillar Coach Living Legacy workshop series. It was attended by a great group of businesspeople with a lot of interaction who brought great insight.
This may seem like a daunting or perhaps a ridiculous question. More often than not, the answer is shrugged off or completely ignored by business owners. Why? Because you are too busy running your business and being bogged down in the day-to-day minutia. You are working in your business not on it.
I suggest thinking about it a little differently. After all, all your hard work and success should count for something. Therefore, I think the creation of your legacy, that point on the horizon, should be a meaningful goal. In