Re:Ask HN: What made your business take off that you wish yo...
by philsnow on Tuesday February 15, 2022 @03:39AM
(#30344100)
> first ensure the company is optimised for sellability
there are a lot of things you can do easily early on but become very hard later:
- ensure the culture of the company doesn't require you to be there for it to function
- make sure your incorporation structure is amenable to selling easily
- separate out the accounts (both bank account and SaaS/PaaS/Iaas accounts) from day one, separate from any of your other projects
the Warrillow book goes into far more breadth and depth than this comment, but I just wanted to highlight that there are strong reasons to act now to shape things in a way that make it easy to sell, even if you don't currently intend to sell. being prepared to sell at any given time increases optionality / makes it so that in case you suddenly _need_ to sell, you don't have to put in 6 months of work before you can even put the thing up for sale.
there are a lot of things you can do easily early on but become very hard later:
the Warrillow book goes into far more breadth and depth than this comment, but I just wanted to highlight that there are strong reasons to act now to shape things in a way that make it easy to sell, even if you don't currently intend to sell. being prepared to sell at any given time increases optionality / makes it so that in case you suddenly _need_ to sell, you don't have to put in 6 months of work before you can even put the thing up for sale.