Strategic Reasons for Exit

Stewart Millington

www.avondale.co.uk

Personal Stages

Employed

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Personal Stages

Employed

Self Employed

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Personal Stages

Employed

Self Employed

Entrepreneur

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Personal Stages

Employed

Self Employed

Entrepreneur

Employer

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Personal Stages

Employed

Self Employed

Entrepreneur

Employer

Exit

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Personal Stages

Employed

Self Employed

Entrepreneur

Employer

Exit

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Retire EntrepreneurAdvisor/Mentor

Investor Chairman/NED

Business Stages

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Turnover/Profit £

Business Stages

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Turnover/Profit £

Seed

Business Stages

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Turnover/Profit £

Seed Start Up

GrowthRefine Plateau Established Time

Business Stages

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Turnover/Profit £

Seed Start Up

GrowthRefine Time

Business Stages

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Turnover/Profit £

Seed Start Up

GrowthRefine Time

Business Stages

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Turnover/Profit £

Seed Start Up

GrowthRefine Plateau Established Time

Business Stages

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Turnover/Profit £

Seed Start Up

GrowthRefine Plateau Established Time

Refine & Invest

Decline

Succession

MBO

MBI

Trade Sale

Floatation

Business Stages

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Personal

Personal stage

Founder fatigue

How much do you need?

Timing

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Strategic ConsiderationsPersonal vs Commercial

Commercial

Business stage/performance

Timing

Earn out

Key management

Economic outlook

Competition

Strategic ConsiderationsPersonal vs Commercial

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