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INSIGHTS OF A MAVERICK EXIT ADVISOR Mortgage and Payroll 10 “ usiness Man” – read the status description of a former Bcolleague on an association website. Last I checked, he was the employee of a bank… and sure enough, he still worked for the same. “Intrapreneur” – quipped a retired executive upon my question of what he did for a living. “This is what you call individuals who autonomously create businesses inside companies” – he explained. A couple of my friends started an internet business when a conglomerate funded their business idea. The enterprise lasted until the seed capital ran out. The “founders” then took refuge in middle management jobs at a local bank. My own mindset was similar fifteen years ago, when in charge of the corporate finance department of a Central European commercial bank. Management knew little of the investment banking business and I enjoyed substantial autonomy in picking colleagues and going after clients. “Heck, why be an entrepreneur when I can enjoy all the freedom AND be sure of a salary check?” – I thought. My euphoria lasted until the bank was hit by a slow summer, and on an early September Friday afternoon, I and my deputy got fired. My staff was shocked and promised to jump with us to a competitor… but by Monday all was forgotten. “My intrapreneurial business” turned out to have been just a job. The ensuing years have taught me what entrepreneurship is all about. It has nothing to do with building a business… That can be done by a hired hand who enjoys the confidence of, and g e t s a b u d g e t f r o m , t h e i r e m p l o y e r o r i nvestors. Entrepreneurship begins where your business hits a rough spot and you commit family silver to keep it alive. When you
ENTREPRENEURSHIP mortgage your house to survive a downturn… dip into retirement savings to make payroll… forgo salaries for months to stem losses. These are the true tests of entrepreneurship. On the other hand, nothing fosters creativity like being desperate. Are you prepared to go there to stay in business? Are you strong enough to hang in through a drought with no income? Do you believe in your venture enough to put your financial future on the line? If yes, than you are, or have what it takes to become, an entrepreneur. 11
Page 1: ISTVAN ‘STEVE’ PREDA INSIGHTS O
Page 4 and 5: Praise for “Insights of a Maveric
Page 6 and 7: © 2016 by Istvan ‘Steve’ Preda
Page 8 and 9: Preface “Insights of a Maverick E
Page 10 and 11: ACQUISITION / INTEGRATION Who Buys
Page 14 and 15: 12 INSIGHTS OF A MAVERICK EXIT ADVI
Page 16 and 17: INSIGHTS OF A MAVERICK EXIT ADVISOR

Insights of a Maverick Exit Advisor_Sample

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