Think The Exit Strategy is just for mid-senior executives? Think again. Entrepreneurs, regardless of age, live for the struggle and excitement of starting something new. And although many keep their focus on moving past their first few years in business, many neglect to think about an exit strategy – how to get their money back out again. Traditionally, the Exit Strategy used to be something that was synonymous with the more senior executive, but with more and more younger entrepreneurs disrupting our marketplace and creating exciting new businesses, the traditional Exit Strategy has become a concern for all ages. And [...]
The art of knowing how, and when to bow out gracefully: 4 Exit Strategies available for senior executives today.
During the past 10 years, the average Fortune 500 CEO age has inched up to 58 from 56, according to Korn Ferry, an executive search and recruiting firm based in Los Angeles. They go on to say that “This reflects the overall ageing of the U.S. workforce as Baby Boomers continue working long past traditional retirement age. By 2022, 31% of those ages 65 to 74 will still be working, up from 20% in 2002, according to the Bureau of Labor Statistics” Coupled to that, the OECD (The Organisation for Economic Co-operation and Development) recently published employment rate figures demonstrating [...]