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How to Sell Your Company -- And Not Let the Door Hit You on the Way Out

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This story appears in the January 2012 issue of Entrepreneur. Subscribe »

Exit StrategyFor many entrepreneurs, the motivation to log long hours, take incredible risks and work for peanuts is, simply, the exit sign--the prospect of selling out and cashing in. One of the most common questions I was asked while building my company was, "What is your selling price?" It didn't matter what stage the company was at, what it was worth or what its potential was. I thought there'd be a day when I'd get an unsolicited envelope in the mail, freeing me from the stress and financial pressures of running a company. On top of that, I'd get to name the price. What a deal.

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