Comments on: Exit strategy – prepare well in advance http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/ Sharing lessons learned in business and online marketing Sun, 13 Nov 2011 20:21:58 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Dale http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/comment-page-1/#comment-14490 Dale Fri, 23 Oct 2009 10:30:46 +0000 http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/#comment-14490 Although I can see value in most of my sites i often struggle to impress this upon others or find those interested in a purcahse! Although I can see value in most of my sites i often struggle to impress this upon others or find those interested in a purcahse!

]]> By: The Hitmeister http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/comment-page-1/#comment-12605 The Hitmeister Sun, 19 Apr 2009 14:07:46 +0000 http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/#comment-12605 It sounds like you have everything all planned out! I wish I had a huge plan like that. I really have no clue where the next years will take me... I just want to have a nice life and I don't want to spend it all working my fingers to the bone! It sounds like you have everything all planned out! I wish I had a huge plan like that. I really have no clue where the next years will take me… I just want to have a nice life and I don’t want to spend it all working my fingers to the bone!

]]> By: Tari http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/comment-page-1/#comment-12371 Tari Sat, 21 Mar 2009 15:57:46 +0000 http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/#comment-12371 I'm certainly not an expert in exit strategies but have been a brick and mortar bus owner and embrace the suggestion that the exit strategy should be part of the business plan - from day 1. For those who can't imagine ever needing one and have no intention of ever exiting..... all I can say is "You NEVER know". Tari's last blog post..<a href="http://www.tariconley.com/blog/65/">#1 of 10 Ways to Send Out Cards to Grow Your Own Greeting Card Business</a> I’m certainly not an expert in exit strategies but have been a brick and mortar bus owner and embrace the suggestion that the exit strategy should be part of the business plan – from day 1. For those who can’t imagine ever needing one and have no intention of ever exiting….. all I can say is “You NEVER know”.

Tari’s last blog post..#1 of 10 Ways to Send Out Cards to Grow Your Own Greeting Card Business

]]> By: Exit Signs Joe http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/comment-page-1/#comment-10098 Exit Signs Joe Thu, 11 Sep 2008 22:06:14 +0000 http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/#comment-10098 My personal exit strategy is that as I get sites up to a descent profit center, outsourcing the work so revenue is not dependant on me performing the work. I just act as a project manager/ceo in a sense. I've also been documenting every process so when the time comes for me to exit the training materials are already built. What do you think? My personal exit strategy is that as I get sites up to a descent profit center, outsourcing the work so revenue is not dependant on me performing the work. I just act as a project manager/ceo in a sense. I’ve also been documenting every process so when the time comes for me to exit the training materials are already built. What do you think?

]]> By: Justin Cook http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/comment-page-1/#comment-8177 Justin Cook Fri, 25 Apr 2008 22:14:37 +0000 http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/#comment-8177 This is an excellent post, one of the best in a while. You've got me really thinking ahead now! I think I need to start broadening out my domain approach as well, I have number of my eggs in one or two big baskets, and am depending too much on them as continuable revenue. This is an excellent post, one of the best in a while. You’ve got me really thinking ahead now!

I think I need to start broadening out my domain approach as well, I have number of my eggs in one or two big baskets, and am depending too much on them as continuable revenue.

]]> By: Scott http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/comment-page-1/#comment-8094 Scott Wed, 23 Apr 2008 17:33:38 +0000 http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/#comment-8094 I'm not usually a seller so have little experience there to be honest as far as large website sales go, if I do sell I will detail the timeline and any problems/points of interest but for now someone is looking over the books and stats, may come to nothing. Selling a domain is certianly much quicker - ntohing to quanitfy but ownership there so no income or traffic details, ranking, goodwill etc to take into consideration. I’m not usually a seller so have little experience there to be honest as far as large website sales go, if I do sell I will detail the timeline and any problems/points of interest but for now someone is looking over the books and stats, may come to nothing. Selling a domain is certianly much quicker – ntohing to quanitfy but ownership there so no income or traffic details, ranking, goodwill etc to take into consideration.

]]> By: Lukep http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/comment-page-1/#comment-8092 Lukep Wed, 23 Apr 2008 16:43:55 +0000 http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/#comment-8092 Scott - when trying to sell one of your established sites, what kind of timescale would you estimate to complete the sale, once you've agreed a fee with a potential buyer? (this is before they've asked you about proving the stats, revenue etc) Do you also think that the sale of an established site sale should take longer than just a domain sale? Scott – when trying to sell one of your established sites, what kind of timescale would you estimate to complete the sale, once you’ve agreed a fee with a potential buyer? (this is before they’ve asked you about proving the stats, revenue etc)

Do you also think that the sale of an established site sale should take longer than just a domain sale?

]]> By: Rob Malvisi http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/comment-page-1/#comment-8086 Rob Malvisi Wed, 23 Apr 2008 08:44:13 +0000 http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/#comment-8086 Scott, that's correct, didn't mean to suggest otherwise. You can add up many sales over the years, you only start to pay 18% when the total capital gain on the sum of the sales is over £1 million. Scott, that’s correct, didn’t mean to suggest otherwise. You can add up many sales over the years, you only start to pay 18% when the total capital gain on the sum of the sales is over £1 million.

]]> By: Scott http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/comment-page-1/#comment-8085 Scott Wed, 23 Apr 2008 08:37:19 +0000 http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/#comment-8085 Sent you an emali Rob, also according to HMRC they state: "5. An individual will be able to make claims for relief on more than one occasion, up to a lifetime total of £1 million of gains qualifying for relief. " So you can use the £1 million once but it looks like that could be from a couple of sales? Sent you an emali Rob, also according to HMRC they state:

“5. An individual will be able to make claims for relief on more than one occasion, up to a lifetime total of £1 million of gains qualifying for relief. ”

So you can use the £1 million once but it looks like that could be from a couple of sales?

]]> By: Rob Malvisi http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/comment-page-1/#comment-8084 Rob Malvisi Wed, 23 Apr 2008 06:04:57 +0000 http://selfmademinds.com/200804/exit-strategy-prepare-well-in-advance/#comment-8084 Forgot to ask, which site of yours has 8 million visitors a year? Forgot to ask, which site of yours has 8 million visitors a year?

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