Build alignment and increase chances of a future euphoric exit event
Building a company to one day achieve a euphoric exit event for owners is tough enough when all owners are aligned, close to impossible when lacking alignment. We meet with many company co-owners and a common issue we come across is they are struggling in getting alignment around important near-term decisions. These decisions might relate to areas such as making investments in systems, equipment or hiring of key people. When we come across this with co-owners, our message is that in most cases the reason they are struggling with these important near-term decisions is they lack alignment around what the longer term plan is for the business. Lack of alignment around what the end game is for owners with their business will absolutely lead to disagreements related to near-term decisions the ownership team needs to make.
If you find yourself in this situation of regular disagreements with your co-owners, ask yourself are we aligned first about the long term? If not, this is the place to start to build alignment and doing so will make the near-term decisions much easier. And, you’ll be on your way to accelerating the overall shareholder value of your business which will increase the likelihood of a future euphoric exit event for all.
