Don’t have an exit strategy: You shouldn’t start a business with the goal of selling the company. Instead, focus on creating real value for others… “The success of a business really lies on the value it provides,” he says.
Several years ago, while just getting introduced into the world of startups and entrepreneurship, I was privileged to be part of a conversation between two persons. One an entrepreneur who had built and exited a couple of business, and the other a guy who is starting to build one.
As organisations get bigger, they get smaller. In a shift towards making organisations more leaner and agile, many companies are spinning off individual units into smaller autonomous units. These come with different, independent leaderships at the helm who can operate without being inter-dependent on their sister companies.