Preparing for exit can seem daunting at the best of times, but many tech entrepreneurs fail to develop an adequate strategy for their business early on, subsequently leading to costly mistakes once – and if – the opportunity to sell arises.
While it’s true that not every business is suited to exit, devising a plan should help ensure employees across the board adhere to long-term goals and objectives.
With this in mind, we got a panel of experts together in a bid to provide tech entrepreneurs with a realistic overview of what needs to happen when preparing to exit a business. Our panel event, hosted in collaboration with business advisory firm RSM, featured David Blacher, the company’s partner and head of TMT; and Kirsty Sandwell, an M&A partner at the firm. Blacher and Sandwell were joined by Robert Whitby-Smith from Albion Capital; Tom Bradley from Oxford Capital; and Jules Coleman, the co-founder of Resi, who exited Hassle for a reported £24m. ...