A recent Forbes article on business creation underscores a key difference underlying the thinking of contrastive entrepreneurial camps.
Some principals whose toil and creative energies have spawned a potentially lucrative startup business want to forge through and guide their enterprise as it grows and prospers. They gave birth to it, and now want to steer a profitable ship.
Other entrepreneurs have a different mindset. Notably, some business creators are personally fulfilled more by their passionate involvement in creating a sound commercial platform and getting to the point of viability than in perpetually leading the charge as president or CEO.
Forbes spotlights those so-called "serial entrepreneurs," stressing that the real lure of commercial participation for them "is building a business, not necessarily sticking around to run it."
There is unquestionably a place for such individuals in the dynamic and ever-evolving American business realm. Importantly, as Forbes notes, there is ample opportunity for them to transfer their cutting-edge ideas and the future upsides they will likely spawn to third parties, while materially profiting in the process.
That means selling their business at an early and opportune time. Forbes notes the huge amount of venture capital ready to be invested by established entities "hungry to scoop up the next big thing." That can yield huge profits for entrepreneurs who purposefully position their business creations for acquisition.
There is obviously a lot to think about for any individual or business team contemplating a potential sale of an enterprise. Forbes advises those parties to timely secure on-point counsel from proven commercial law attorneys with a deep well of experience in merger-and-acquisition transactions.