Reddit Reddit reviews Finish Big: How Great Entrepreneurs Exit Their Companies on Top

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Finish Big: How Great Entrepreneurs Exit Their Companies on Top
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1 Reddit comment about Finish Big: How Great Entrepreneurs Exit Their Companies on Top:

u/Florida8Concrete ยท 1 pointr/fatFIRE

Like creating a successful business, it's not so much about following a "do these 5 things" article. It's more about solving hard problems that take time, discipline, and thoughtfulness.

I recently read an outstanding book that I can't recommend enough. It focuses on this very topic. It's called "Finish Big". Here's a link to it on amazon.

In short, the author's general philosophy is to create a healthier, better running business for yourself, because that will ultimately increase the value of the business in the eyes of a purchaser. Namely:

  • Reduce the businesses dependency upon you
  • Obvious basics: have a high margin and show good growth
  • Make the business more durable to market changes
  • Learn to appreciate how long the sale process actually takes
  • Learn to appreciate how you really need help during a sale process as everyone involved in it has different motivations than you do and you probably have the least experience of all of them.

    Read this book. You will thank yourself and it'll receive a permanent place on the bookshelf!