I was visiting with a business owner and friend this afternoon. His business is growing. He has been approached by buyers. He recognizes his personal strengths lie in the early stage and early growth period. He knows the current business “has legs.” He has additional ideas for new businesses.
I drew this picture of the Magic Window, the phase where proof of concept exists and data is available to support his business story. In his case, he is approaching the ideal time to sell. His multiples will be extraordinary . . . far in excess of the “industry multiple.” Whatever your situation may be, you have options.