EnglandBorn
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- Jul 24, 2014
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I've been curious for a little while - how does one liquidate an info business when one is the brand?
MJ - if this (TMF book and forum) was your fastlane business how would you exit this given that your name is the brand? Without you and your expertise it wouldn't be worth much no?
Would you focus on bringing in other experts to take your place in the years leading up to your exit?
The reason I ask is I've got a business in mind which is information based on my expertise at first but I plan to bring other experts into it as well.
After reading 7 Habits, I've very much of the view that you should begin with the end in mind, so I am hesistant to follow through on this if is going to leave me unable to exit it in the future.
I see people like Pat Flynn and other info based businesses and it seems to me that they have created a well paying job for themselves.
I read a while ago on this forum that Frank from "nomorecoldcalling" is in this sticky situation because the business is based around him and his expertise.
Would love to hear how you MJ would hypothetically plan to exit TMF and forum - is it possible in its current format or would you need to start bringing in other experts to take your place?
And anyone else who has already done this or is in the process of doing so - I'd love to hear your thoughts too.
MJ - if this (TMF book and forum) was your fastlane business how would you exit this given that your name is the brand? Without you and your expertise it wouldn't be worth much no?
Would you focus on bringing in other experts to take your place in the years leading up to your exit?
The reason I ask is I've got a business in mind which is information based on my expertise at first but I plan to bring other experts into it as well.
After reading 7 Habits, I've very much of the view that you should begin with the end in mind, so I am hesistant to follow through on this if is going to leave me unable to exit it in the future.
I see people like Pat Flynn and other info based businesses and it seems to me that they have created a well paying job for themselves.
I read a while ago on this forum that Frank from "nomorecoldcalling" is in this sticky situation because the business is based around him and his expertise.
Would love to hear how you MJ would hypothetically plan to exit TMF and forum - is it possible in its current format or would you need to start bringing in other experts to take your place?
And anyone else who has already done this or is in the process of doing so - I'd love to hear your thoughts too.
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