Exit Strategy and Entrepreneurial Mindset – JP McAvoy
In this episode, Cheryl and JP McAvoy discuss:
- His work with clients such as Elon Musk in developing growth and exit strategies.
- The importance of building a successful launch ramp at the outset of a start up’s creation.
- The value of creating a separate holding company for the brand’s intellectual property assets.
- How to create a company that becomes legacy.
Key Takeaways:
- Structure the company for growth and future investments such as shareholding.
- Consider intellectual property and licensing opportunities as assets for valuation.
- Start the conversation with your attorney early on in the planning phase.
- Implement a will or trust so ownership shares don’t end up in probate court.
“The sooner you start planning what the exit looks like, the better the likelihood of it being successful.” — JP McAvoy
Connect with JP McAvoy:
Website: JPMCAVOY.com
Book: The Billionaire’s Lawyer
Free Resource: https://www.conductlaw.com/
Twitter: jp_mcavoy
Facebook: TheMillionairesLawyer
Email: info@conductlaw.com
Show: https://jpmcavoy.com/episodes
LinkedIn: jeffrey-j-p-mcavoy
Instagram: jp_mcavoy
Connect with Cheryl Hodgson:
Website: brandaide.com
Book: https://registeredtrademarkbook.com
Twitter: twitter.com/brandaide
Facebook: facebook.com/brandaide
Email: cheryl@brandaide.com
Show: brandaidepodcast.com
YouTube: youtube.com/user/BrandaideTV
LinkedIn: linkedin.com/in/cherylhodgson
Instagram: instagram.com/brandaide
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