ariMarketing News
Sunday, June 4, 2023
Want Traffic?
  • Home
  • Entrepreneurship
  • Marketing
    • Digital Marketing
    • Mobile Marketing
    • Content Marketing
    • B2B Marketing
    • B2C Marketing
    • Email Marketing
    • Video Marketing
  • Social Media
  • SEO
  • AI
  • Graphic Design
  • PR
  • Videos
  • More
    • Sales Conversion
    • Website Development
    • Traffic/Lead Generation
No Result
View All Result
  • Home
  • Entrepreneurship
  • Marketing
    • Digital Marketing
    • Mobile Marketing
    • Content Marketing
    • B2B Marketing
    • B2C Marketing
    • Email Marketing
    • Video Marketing
  • Social Media
  • SEO
  • AI
  • Graphic Design
  • PR
  • Videos
  • More
    • Sales Conversion
    • Website Development
    • Traffic/Lead Generation
No Result
View All Result
ariMarketing News
No Result
View All Result
  • Marketing
  • Social Media
  • SEO
  • Entrepreneurship
  • AI
  • Graphic Design
  • Public Relations
  • Sales Conversion
  • Website Development
  • Traffic/Lead Generation
  • Videos
Home Entrepreneurship

Before Exiting Your Startup, Consider These 3 Things

September 20, 2022
in Entrepreneurship
103 7
A A
0
21
SHARES
689
VIEWS
Share on FacebookShare on Twitter

Opinions expressed by Entrepreneur contributors are their own.

When I was approached by Microsoft to acquire my company as a young entrepreneur in my 20s, I leaped at the opportunity — well, who wouldn’t?

To give a little background: A college friend and I had become interested in certain facets of cybersecurity and took it upon ourselves to develop anti-spam software, swiftly followed by anti-spyware software. This was before machine-learning technology was around, but big data was already a buzzword. We successfully launched GIANT Software, and our company quickly grew exponentially.

Only a year into releasing our flagship product, Microsoft reached out to us. They loved what our technology offered and within a short time span, GIANT became Microsoft Anti-Spyware, and my co-founder and I were acqui-hired into the company.

A couple of decades on, and having had the time to muse on past choices, there are a few key elements that I would encourage others in a similar position to ponder before they make a decision.

Related: Start Your Planning Your Exit Strategy Now With These 4 Tips

The grass isn’t always greener

Everyone has 20-20 vision in hindsight. Looking back, there’s an argument to be made that I should’ve held out for longer and not sold my business quite so soon — however, not necessarily for the reasons you might think!

The time immediately after the acquisition was exhilarating. We moved to new offices in a new part of the country, hired hundreds of new people for my team and made use of resources that we never had before. It was truly exciting, and I felt like I was still able to tackle big problems head-on.

However, boredom eventually set in. We went from startup mode to corporate mode so quickly. New processes, systems and internal politics that didn’t exist or weren’t relevant before suddenly became a major part of my day.

If you are an entrepreneur, and your company gets acquired, there’s a chance you might become idle. The day-to-day wasn’t as exciting as it had been, and I was missing the creative buzz, the rush, the “reach for the stars” impetus that you have when you are in the build-up stage.

Have a backup plan

That’s why my next piece of advice is: Always have a backup plan for after your exit. Think about where you want to head next, whether within the same field or coming from a different direction completely. It’s always a good plan to have the next few ideas up your sleeve.

For example, following on from my GIANT venture, I chose to dabble in a number of different areas of tech — including ecommerce, graph theory and consulting. Trying your hand at a number of things and learning through practical experience can offer all sorts of inspiration, as well as help you build your network and make connections.

Finding a colleague or partner who is on the same page as you can also make entrepreneurship more worthwhile at the same time. Two heads are better than one, and collaborating on projects will broaden your horizons. And of course, colleagues who wind down at the end of the day in the same way definitely help with the work-life balance elements — a quick game of Call of Duty anyone?

Related: How to Craft the Ideal Exit of Your Business

Love what you’re doing

Are you exiting your startup for the right reasons? Are you handing over the reins in order to head in the right direction? Depending on your set-up, you may continue to be involved in the business, or you may be leaving the business in capable hands and finding yourself with a lot of spare time. When you’ve worked hard to build something up over the years, it can feel a little surreal to hand it over, and the thought of doing it all over again can be overwhelming.

Taking something you are passionate about and turning it into what you do for a living is one of my biggest tips for self-fulfillment. In 2016, I founded Reason Labs as I decided to get back to my roots and re-enter the world of cybersecurity. Today, I continue to do what I love most: finding and mitigating cyber threats with my team of RAV researchers.

Fortunately, my interest in cybersecurity also comes during an era whereby large businesses and individuals are all avidly seeking to amp up their cyber protection. It’s a field that currently has a large scope for innovation, and working within a field that I personally find exciting means that work doesn’t ever feel like work.

Related: 3 Mistakes Entrepreneurs Make Setting Up Their Exit

Of course, this is easier said than done, and learning from past mishaps, decisions and maneuvers are all ingredients that will direct a person in their working life. And as always, taking advice and learning from others who have been in similar situations will aid you in carefully considering all aspects before making a life-changing move and in making decisions that are right for you and your company.

Read the full article here

Tags: EntrepreneursExit StrategiesExit StrategySelling a BusinessStartups

Subscribe to our mailing list to receives daily updates!

We won't spam you

Previous Post

When Clients Use Excuses…

Next Post

What Clients Don’t Say Can Kill The Deal

Related Posts

Maybelline enlists its first-ever digital avatar for mascara launch
Entrepreneurship

How legacy beauty brands are aging down to reach Gen Z

June 2, 2023
Inside American Eagle’s tie-up with ‘The Summer I Turned Pretty’
Entrepreneurship

Inside American Eagle’s tie-up with ‘The Summer I Turned Pretty’

June 1, 2023
LinkedIn emphasizes the power of networking in global push
Entrepreneurship

LinkedIn emphasizes the power of networking in global push

May 30, 2023
Invisalign rejects the hassle of braces for creator-led social media push
Entrepreneurship

Invisalign rejects the hassle of braces for creator-led social media push

May 26, 2023
At Brandcast, YouTube weds power of NFL to creators like MrBeast
Entrepreneurship

At Brandcast, YouTube weds power of NFL to creators like MrBeast

May 18, 2023
Pepsi presses play on summer with Bad Bunny, Apple Music
Entrepreneurship

Pepsi presses play on summer with Bad Bunny, Apple Music

May 18, 2023
Leave Comment

Subscribe to our mailing list to receive updates and special offers!

We will NOT span you!

Check your inbox or spam folder to confirm your subscription.

Latest Articles

Twitter loses two executives in charge of trust and safety

Twitter loses two executives in charge of trust and safety

June 3, 2023
Gaming Industry Trends We Expect to See in 2023

Gaming Industry Trends We Expect to See in 2023

June 2, 2023
Verizon-owned Visible launches Pride Month game show ‘No Straight Answers’

Verizon-owned Visible launches Pride Month game show ‘No Straight Answers’

June 2, 2023
Wendy’s and T-Pain remix ‘Buy U A Drank’ for Frosty push

Wendy’s and T-Pain remix ‘Buy U A Drank’ for Frosty push

June 1, 2023
Heinz honors ‘irrational’ fan love in first unified global brand platform

Heinz honors ‘irrational’ fan love in first unified global brand platform

June 1, 2023
ariMarketing News

Latest Marketing and Entrepreneurship news and articles from the most trusted sources, follow us to get the latest news and tips directly to your inbox.


Learn more

Sections

  • Artificial Intelligence
  • B2B Marketing
  • B2C Marketing
  • Content Marketing
  • Digital Marketing
  • Email Marketing
  • Entrepreneurship
  • Graphic Design
  • Mobile Marketing
  • Public Relations
  • Sales Conversion
  • SEO
  • Social Media
  • Traffic/Lead Generation
  • Uncategorized
  • Video Marketing
  • Videos
  • Website Development

Newsletter

Subscribe to our mailing list to receive updates and special offers!

We will NOT span you!

Check your inbox or spam folder to confirm your subscription.

  • Privacy
  • Terms
  • Press Release
  • Advertise
  • Contact

© 2022 ariMarketing - All rights reserved.

No Result
View All Result
  • Home
  • Entrepreneurship
  • Marketing
    • Digital Marketing
    • Mobile Marketing
    • Content Marketing
    • B2B Marketing
    • B2C Marketing
    • Email Marketing
    • Video Marketing
  • Social Media
  • SEO
  • AI
  • Graphic Design
  • PR
  • Videos
  • More
    • Sales Conversion
    • Website Development
    • Traffic/Lead Generation

© 2022 ariMarketing - All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.