Tuesday 13 November 2007

Exit strategy

Do fund managers have an exit strategy? I don’t have a clue. I don’t even understand what a fund manager does really, except, manage funds of course.

Ok, I am being silly, again. The real question I want to raise is this: Do you exit something if you love it ? Did Walt Disney or George Merck or William Boeing have an exit strategy ? Does a marriage have an exit strategy ? Do you leave your partner after 20 years, say, and find a new one ?

I am not expert on marriage. I have never been married. But I have been in quite a few business ventures. And each one, the good ones, are like a marriage. There is a sense of purpose which can’t be switched off.

When it comes to business in these fast times then perhaps if your goal was to build a company to sell it to another company, then, yes, an exit strategy makes sense. But, a labour of love is not something you can really ever exit.

Posted by Ronnie Apteker