The founders of Lorna Jane decided to continue building their vision for the brand rather than to implement their exit strategy after having interest from over 40 parties.
Often when starting up a business, JV or buying into a company the focus is on this exciting new phase of development and business growth. However, failing to plan your exit strategy as early as possible could mean that when it comes time to exit you won’t see the full benefit of your hard work.
Are you planning to trade sale, sell the company, IPO or bring in other investors? All of these considerations are important as they can determine how you structure.