Too much of the startup world focuses on the mechanics of starting a business. Whilst it’s good to move fast and stay lean, it’s time we made our businesses more human and in the process gave them a better chance of survival.
If you run a business you’ll often be asked:
What’s your exit strategy?
I’ve always found this to be a strange question, probably because I didn’t set out in business with the aim of selling it for a handsome dime. I wanted to take control of my life, do things my way and ultimately build a business in my image. The thought of creating something you’re proud of, only then to hand it over when a good offer comes in doesn’t sit well with me. Likewise chasing investors early on and giving away equity before you’ve found any passionate customers.
This is an older post, but it’s share worthy as the Startup Canvas is something every startup founder has to consider at some point.