Harvesting Value
Summary
Different ways to extract value from an ideas business that has grown.Key Concepts
- Harvest-phase ideas businesses are ready to undergo a range of major transitions through which their value can be realised.
- A company sale, management buy-out, merger or acquisition all become possible.
- Having a second-tier management team that has demonstrated its ability to drive the business independent of the founder(s) is critical.
- Managing different agendas is the biggest challenge whether you are selling or buying a business or working in one that is going through a change in ownership.
- The challenge for a business at this phase is to retain a distinctive and dynamic culture as the processes involved in running a corporation start to dominate.
