Recent years have seen a great deal of consolidation activity in the financial adviser marketplace, writes Andrew Aldridge, as owners of advisory firms seek to extract value from their company or exit the business altogether
This focus on exit strategy is something true entrepreneurs understand from the very first moments they consider a new venture. Ultimately, entrepreneurs want to monetise their hard work - and being an entrepreneur and starting a business can be very hard work, with long hours, sleepless nights and resultant personal stresses - so consideration of how they will ultimately sell their business and make their fortune is at the centre of their thoughts. Unless they are setting up a ‘lifestyle business' then anyone starting a business should have this constant focus on what an exit might u...
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