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Lyle Malander Scoops Top Prize In The SAICA Top-35-Under-35 CA(SA) Competition

Lyle Malander (30), Director: Malander Advisory, Malander Placements, Malander Digital, and Malander UK, has been announced as the overall winner of the 2018 Top 35-under-35 chartered accountants [CA(SA)] award.

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The Top-35-under-35 competition was launched by the South African Institute of Chartered Accountants (SAICA) in 2014 to recognise its young CA(SA) achievers. It has proven to be a huge success in recognising and promoting young CAs(SA) under the age of 35 who are not just achieving extraordinary results in their professional capacity, but also have a significant impact on society.

There were also five category winners:

  • Influence: Nathaniel Japhta (31), Director, F.A.M Consulting; Founder, Pro 226 Africa; and Co-owner, Easylife Kitchens.
  • Develop: Ashley-Juan van der Hoogen (28), Business Development Director, Ranzo Trading and Olbro Logistics.
  • Lead: Chris van Zyl (32), Founder and Managing Director of Walworth Consulting (Pty) Ltd, and a professional rugby player.
  • Power of Professional Thinking: Wadzanai Mabuto (34), Senior Lecturer at University of Johannesburg.
  • Out of the Ordinary: Louise Chunnett (34) and Frans Geldenhuys (34), Bidvest ALICE Founding Members, Bidvest Advisory Services (Pty) Ltd.

The Top-35-under-35 competition was launched by the South African Institute of Chartered Accountants (SAICA) in 2014 to recognise its young CA(SA) achievers. It has proven to be a huge success in recognising and promoting young CAs(SA) under the age of 35 who are not just achieving extraordinary results in their professional capacity, but also have a significant impact on society.

There were also five category winners:

  • Influence: Nathaniel Japhta (31), Director, F.A.M Consulting; Founder, Pro 226 Africa; and Co-owner, Easylife Kitchens.
  • Develop: Ashley-Juan van der Hoogen (28), Business Development Director, Ranzo Trading and Olbro Logistics.
  • Lead: Chris van Zyl (32), Founder and Managing Director of Walworth Consulting (Pty) Ltd, and a professional rugby player.
  • Power of Professional Thinking: Wadzanai Mabuto (34), Senior Lecturer at University of Johannesburg.
  • Out of the Ordinary: Louise Churnett (34) and Frans Geldenhuis (34), Bidvest ALICE Founding Members, Bidvest Advisory Services (Pty) Ltd.

Related: 10 Young Entrepreneurs Under 30 Share Their Start-Up Secrets

More on the winners

The winners are considered by the judging panel as the cream of the crop among this year’s Top-35-under-35 CAs(SA), who have gone the extra mile to achieve their career aspirations. Indeed, all 35 finalists are individuals who have not only successfully pursued their career dreams, but have also excelled and moved swiftly through the ranks to lead operations within notable organisations.

The overall winner Lyle Malander is only 30 years old, but already a trendy businessman and a trailblazer whose ambitions are fuelled by making a difference and creating a legacy. The co-founder and director of the Malander Group of companies’ core focus is providing professional advisory and resource solutions to various large and listed entities. Lyle is proud to say that in two-and-a-half years the Malander businesses have derived revenue in excess of R40 million. His hard work and arduous hours have turned his dreams into reality.

Through the Malander Advisory business, Lyle oversees a team that provides managed chartered accountant and finance resource solutions to an array of clients in various sectors and industries and has created employment opportunities for over 70 chartered accountants and finance professionals.

Influence category winner, Nathaniel Japhta, is an innovative leader pushing boundaries in the sport, corporate and social impact areas. Nathaniel was a star performer in PwC’s advisory division, where he moved between audit and public sector advisory. He led the way in helping Cipla South Africa save over R100 million in their last financial year as the lead project manager.

Today Nathaniel’s one great mission is to improve the lives of youngsters through sport. Being an exceptional sportsman himself, he excels in basketball and soccer. In 2014 he was requested to take the position of president of his hometown club, Heideveld Basketball Club on the Cape Flats, which is arguably the biggest basketball club in South Africa. He has also been at the forefront of raising funding for the community via the club. Nathaniel was elected president of the Cape Town Basketball Association at the age of 30 − the youngest president in its history.

The Develop category winner, Ashley-Juan van der Hoogen, had an affinity for business from a young age. In primary school he figured he could give the school tuck shop some stiff competition and at university he sold imported clothing to pay for tuition. Today, the humble young entrepreneur who is a philanthropist at heart has turned Ranzo, the truck business he started during his traineeship, into a fleet of 15 trucks. He is also a director of Olbro Logistics.

Building an audit robot named Alice that mimics the logic, rationale, decision-making and problem-solving of a human audit brain requires much research and development and possesses and requires volumes of training data. ALICE is currently likened to a junior IT audit trainee and Louise Churnett and Frans Geldenhuis are developing her brain capacity to build her up to an IT audit specialist with a focus on security. Not only have they achieved what many thought would be impossible, but the Out of the Ordinary category winners have exceeded even their own expectations of what ALICE would be when they started the journey.

“Bidvest ALICE is automating the entire workforce, from trainee to board member. She is allowing those charged with governance a view into the IT risks and environment that they could never achieve before. In doing so, she is leading other auditing firms to change the way they think about continuous auditing. Her ability to take the pain and work effort out of collecting data allows the auditor to rather spend time engaging in value-adding functions for the client, which is a key responsibility of all chartered accountants,” explains Frans.

The Power of Professional Thinking category winner, Wadzanai Mabuto, thrives on being surrounded by young, impressionable minds. When she delivers lectures to her students, she incorporates real-life challenges that she herself has overcome, or is currently facing, to demonstrate that despite the odds stacked against one, anything is possible!

As a Senior Lecturer in the Department of Accountancy at UJ, she is equipping her students to graduate in order to be relevant and technically savvy, but her end goal is to nurture them into becoming effective global citizens that will contribute positively to society.

In the public eye, Lead category winner, Chris van Zyl, first and foremost is a proud professional rugby player. But he has decided to deviate from the norm and pursue an alternative career while playing professional rugby.

Related: Funding And Resources For Young SA Entrepreneurs

Some of his highlights are captaining the Western Province rugby team to Currie Cup glory in 2017, playing professional rugby for the Stormers in the 2018 Super Rugby season, and launching a bespoke professional services company, Walworth Consulting (Pty) Ltd at the same time. Chris qualified as a CA(SA) in 2016 and says he has chosen to let his career take an odd direction. But his determination to work through his traineeship while pursuing his professional rugby passion bears testament to his hard-working nature and dedication. He believes his innovation will lead the way to what he hopes will become a more common practice.

The SAICA Senior Executive for Brand, Willi Coates, congratulated all the participants and especially the award winners. “It is indeed gratifying to see that our young CAs(SA) are committed to responsible leadership when the profession is under scrutiny for purported unethical behaviour by a minority of CAs(SA) who have not embraced the principle of doing the right thing even while no one is looking,” says Willi. “Our young CAs(SA) are a beacon of light and hope that points to the fact that our economy is in good hands, led by responsible young CA(SA) business leaders who, through their commitment, engender trust in the profession. I applaud all our young CAs(SA) finalists for their commitment and congratulate the winners on their achievement.”

The judging panel included 11 prestigious judges: Andile Khumalo CA(SA), Entrepreneur and former Managing Director of Power 98.7 and former COO of MSG Afrika; Dineshrie Pillay CA(SA), NeoSpective Consulting; Brett Tromp CA(SA), Chief Financial Officer (CFO) of Discovery Health; Jaco Oosthuizen CA(SA), Managing Director of Renault South Africa; Willem van der Post CA(SA), Founder xTech.Capital; Abed Tau CA(SA), Co-founder of Tuta-Me; Gugu Mtetwa CA(SA), Non-executive Director; Prudence Mashalane CA(SA), Banking team leader at Investec; Tharina Bennie-Van Dyk CA(SA), High Net Worth International Head at Investec; and Kapish Singh, Manager at PPS. Each finalist was interviewed personally, after which an overall winner was selected along with five category winners, the categories this year were: Influence, Develop, Out of the Ordinary, Power of Professional Thinking and Lead.

The competition’s proud sponsors are Renault, Investec, PPS, and Sage who have recognised the value of the competition as it provides a platform to promote young CAs(SA) who are making a valuable contribution to the economy of South Africa, as well as in their communities.

The winners are considered by the judging panel as the cream of the crop among this year’s Top-35-under-35 CAs(SA), who have gone the extra mile to achieve their career aspirations. Indeed, all 35 finalists are individuals who have not only successfully pursued their career dreams, but have also excelled and moved swiftly through the ranks to lead operations within notable organisations.

The overall winner Lyle Malander is only 30 years old, but already a trendy businessman and a trailblazer whose ambitions are fuelled by making a difference and creating a legacy. The co-founder and director of the Malander Group of companies’ core focus is providing professional advisory and resource solutions to various large and listed entities. Lyle is proud to say that in two-and-a-half years the Malander businesses have derived revenue in excess of R40 million. His hard work and arduous hours have turned his dreams into reality.

Through the Malander Advisory business, Lyle oversees a team that provides managed chartered accountant and finance resource solutions to an array of clients in various sectors and industries and has created employment opportunities for over 70 chartered accountants and finance professionals.

Influence category winner, Nathaniel Japhta, is an innovative leader pushing boundaries in the sport, corporate and social impact areas. Nathaniel was a star performer in PwC’s advisory division, where he moved between audit and public sector advisory. He led the way in helping Cipla South Africa save over R100 million in their last financial year as the lead project manager.

Today Nathaniel’s one great mission is to improve the lives of youngsters through sport. Being an exceptional sportsman himself, he excels in basketball and soccer. In 2014 he was requested to take the position of president of his hometown club, Heideveld Basketball Club on the Cape Flats, which is arguably the biggest basketball club in South Africa. He has also been at the forefront of raising funding for the community via the club. Nathaniel was elected president of the Cape Town Basketball Association at the age of 30 − the youngest president in its history.

The Develop category winner, Ashley-Juan van der Hoogen, had an affinity for business from a young age. In primary school he figured he could give the school tuck shop some stiff competition and at university he sold imported clothing to pay for tuition. Today, the humble young entrepreneur who is a philanthropist at heart has turned Ranzo, the truck business he started during his traineeship, into a fleet of 15 trucks. He is also a director of Olbro Logistics.

Building an audit robot named Alice that mimics the logic, rationale, decision-making and problem-solving of a human audit brain requires much research and development and possesses and requires volumes of training data. ALICE is currently likened to a junior IT audit trainee and Louise Churnett and Frans Geldenhuis are developing her brain capacity to build her up to an IT audit specialist with a focus on security. Not only have they achieved what many thought would be impossible, but the Out of the Ordinary category winners have exceeded even their own expectations of what ALICE would be when they started the journey.

“Bidvest ALICE is automating the entire workforce, from trainee to board member. She is allowing those charged with governance a view into the IT risks and environment that they could never achieve before. In doing so, she is leading other auditing firms to change the way they think about continuous auditing. Her ability to take the pain and work effort out of collecting data allows the auditor to rather spend time engaging in value-adding functions for the client, which is a key responsibility of all chartered accountants,” explains Frans.

The Power of Professional Thinking category winner, Wadzanai Mabuto, thrives on being surrounded by young, impressionable minds. When she delivers lectures to her students, she incorporates real-life challenges that she herself has overcome, or is currently facing, to demonstrate that despite the odds stacked against one, anything is possible!

As a Senior Lecturer in the Department of Accountancy at UJ, she is equipping her students to graduate in order to be relevant and technically savvy, but her end goal is to nurture them into becoming effective global citizens that will contribute positively to society.

In the public eye, Lead category winner, Chris van Zyl, first and foremost is a proud professional rugby player. But he has decided to deviate from the norm and pursue an alternative career while playing professional rugby.

Some of his highlights are captaining the Western Province rugby team to Currie Cup glory in 2017, playing professional rugby for the Stormers in the 2018 Super Rugby season, and launching a bespoke professional services company, Walworth Consulting (Pty) Ltd at the same time. Chris qualified as a CA(SA) in 2016 and says he has chosen to let his career take an odd direction. But his determination to work through his traineeship while pursuing his professional rugby passion bears testament to his hard-working nature and dedication. He believes his innovation will lead the way to what he hopes will become a more common practice.

The SAICA Senior Executive for Brand, Willi Coates, congratulated all the participants and especially the award winners. “It is indeed gratifying to see that our young CAs(SA) are committed to responsible leadership when the profession is under scrutiny for purported unethical behaviour by a minority of CAs(SA) who have not embraced the principle of doing the right thing even while no one is looking,” says Willi. “Our young CAs(SA) are a beacon of light and hope that points to the fact that our economy is in good hands, led by responsible young CA(SA) business leaders who, through their commitment, engender trust in the profession. I applaud all our young CAs(SA) finalists for their commitment and congratulate the winners on their achievement.”

The judging panel included 11 prestigious judges: Andile Khumalo CA(SA), Entrepreneur and former Managing Director of Power 98.7 and former COO of MSG Afrika; Dineshrie Pillay CA(SA), NeoSpective Consulting; Brett Tromp CA(SA), Chief Financial Officer (CFO) of Discovery Health; Jaco Oosthuizen CA(SA), Managing Director of Renault South Africa; Willem van der Post CA(SA), Founder xTech.Capital; Abed Tau CA(SA), Co-founder of Tuta-Me; Gugu Mtetwa CA(SA), Non-executive Director; Prudence Mashalane CA(SA), Banking team leader at Investec; Tharina Bennie-Van Dyk CA(SA), High Net Worth International Head at Investec; and Kapish Singh, Manager at PPS. Each finalist was interviewed personally, after which an overall winner was selected along with five category winners, the categories this year were: Influence, Develop, Out of the Ordinary, Power of Professional Thinking and Lead.

The competition’s proud sponsors are Renault, Investec, PPS, and Sage who have recognised the value of the competition as it provides a platform to promote young CAs(SA) who are making a valuable contribution to the economy of South Africa, as well as in their communities.

Entrepreneur Magazine is South Africa's top read business publication with the highest readership per month according to AMPS. The title has won seven major publishing excellence awards since it's launch in 2006. Entrepreneur Magazine is the "how-to" handbook for growing companies. Find us on Google+ here.

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AlphaCode Awards R16 Million To Fintech Start-ups In One Of SA’s Richest Start-up Initiatives

This R2 million scale up accelerator offers mentorship, expert guidance and support services to help these more established businesses to scale and create jobs.

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Last night, Rand Merchant Investment Holding (RMI), through AlphaCode, awarded entrepreneurial packages valued at R16 million to eight of South Africa’s most promising financial services start-ups. The entrepreneurial packages consist of R1 million in grant funding and R1 million in support, which includes mentorship, monthly expert-led sessions, exclusive office space in Sandton, marketing, legal and other business support services as well as access to the broader RMI network.

The AlphaCode Incubate initiative, in partnership with Merrill Lynch South Africa and Royal Bafokeng Holdings, identifies South African financial services entrepreneurs with extraordinary ideas and businesses that could impact the financial services industry. More than 200 start-ups applied to participate. Of these, sixteen made it to final pitch evening and eight recipients were selected.

The eight winning businesses are:

Name Description Founders Video link
Akiba Digital A gamified mobile app making it easier and more rewarding to set, manage and meet savings goals. Tebogo Mokwena and Kamogelo Kekana https://bit.ly/2yOjYoX

 

ISpani Group Provides access for insurers into traditionally under insured communities through prepaid vouchers and USSD sold by a network of spaza shop vendors. Prince Nwadeyi, Khathazile Moroe, Patrick Machekera and Louis Buys https://bit.ly/2CrgbkE

 

Jamii De-risks tenant rent default through offering tenants incentive-based discounts on food and transport and bolt-on retrenchment cover. Adrian Taylor, Marc Maasdorp and Bartek Dutkowski https://bit.ly/2ytdc8F

 

Nisa Finance An invoice financing platform that enables financiers to issue invoice-backed loans to SMEs quickly and affordably by fully-automating the application and invoice verification through ERP system integration. Thando Hlongwane, Tekane Ledimo and Sinqobile Mashalaba https://bit.ly/2yptcIW

 

Pago A low cost mobile micro payments platform for the informal sector to enable an inclusive economy by digitising remittances through the use of blockchain technology. Philip Mngadi and Noel Lynch https://bit.ly/2S1QKvn

 

Prospa A mobile savings wallet for low-income earning South Africans that makes it easy to save small amounts infrequently using prepaid vouchers. Dhanyal Davidson and Carl Ngwenya https://bit.ly/2JbwbJf

 

SELFsure Enables millennials to significantly reduce car insurance premiums by self-insuring part of the risk via peer to peer lending. Proud Chitumba, Amos Mugova and Tshepiso Shamane https://bit.ly/2J6HVfV

 

Yalu A self-service credit life insurance platform which replaces a customer’s current policy with a more affordable, simpler and rewarding policy. Nkazi Sokhulu, Tlalane Ntuli, Steve Goeieman and Life Mhlanga https://bit.ly/2PH87QF

 

The programme has disbursed R13 million in funding to 15 black-owned financial services businesses since it began three years ago. “Some have experienced exponential growth and we have been amazed at the level of traction they have received locally and internationally. The intention behind AlphaCode’s Explore, Incubate and Accelerate programmes is for RMI to discover the next OUTsurance or Discovery; we want to identify, partner and grow the future of financial services in South Africa,” says Dominique Collett, head of AlphaCode and a RMI senior investments executive.

During the event, contestants had just three minutes to pitch their businesses, with a couple of minutes set aside for questions from a formidable panel of judges. These included Phuti Mahanyele, CEO of Sigma Capital; Raymond Ndlovu, investment executive, Remgro; Nakedi Ramaphakela, finance director, Royal Bafokeng Holdings; Anthony Knox, MD Investment Banking of Merrill Lynch South Africa and Dominique Collett.

Julie Benadie, regional executive of Operations and Corporate Affairs at Merrill Lynch explained: “We believe in supporting disruptive ideas so that creative fintech solutions will emerge to address the challenges that South Africa faces. We want South Africa to become a fintech centre of excellence with its already advanced financial services infrastructure.”

The AlphaCode Incubate programme deals with common challenges that financial services startups face. All participants are early stage businesses, under two years old and at least 51% owned by black South Africans.

“AlphaCode is also now also seeking additional fintech entrepreneurs for our Explore programme. This offers a 12-month data science and business skills programme for 20 aspirant South African fintech entrepreneurs in conjunction with The Explore Data Science Academy,” Collett added.

Candidates will go through an intensive six-month data science-training programme, where they will learn how to design a 10X business along with the core digital skills needed to build a fintech organisation. This will be followed by three-months of business skills training. Interested fintech entrepreneurs should apply at www.alphacode-explore10x.club by 30 October 2018.”

In addition, AlphaCode recently selected four more established fintech businesses for its Accelerate programme: Entersekt, Livestock Wealth, Click2Sure and Invoice Worx. This R2 million scale up accelerator offers mentorship, expert guidance and support services to help these more established businesses to scale and create jobs.

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The Sky Is The Limit For South Africa’s Top Women Achievers

High-powered women achievers from across the private and public sectors, academia and diplomatic spheres gathered for a charged two-day conference in Johannesburg this week to share experiences about empowerment, achievement and the role that women are destined to play in a competitive global environment.

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Several hundred women attended the 15th Annual Standard Bank Top Women Conference which, with the Top Women Awards, has become one of the premier events for women on the national calendar. The objective of the gathering at the Maslow Hotel on the 17th and 18th of October, was to showcase the achievements of South African women and reignite their passion as they have major roles to play in all arenas of endeavour, says Ethel Nyembe, head of Card Issuing at Standard Bank.

“The delegates to the Top Women Conference were inspired by speakers such as Yvonne Chaka Chaka, singer, songwriter and an entrepreneur in her own right; Phuti Mahanyele, executive chair of Sigma Capital, a black-owned investment group, and political and academic stalwart Geraldine Fraser-Moleketi, now Chancellor of Nelson Mandela University and other women who are playing leading roles in many of the nation’s listed blue-chip corporations.”

“The overall message is that women are playing a central role in growing all facets of our economy and are helping to build a future from which other women can benefit and, in turn, inspire others. Women, regardless of whether they are entertainment icons, professionals engaged in helping shape the minds of future generations, businesswomen or scientists are part of building a new global reality.”

Related: 13 Female Entrepreneurs Rising To The Top In SA

To inspire delegates about the breadth and depth of the future for women, the conference examined all facets of economic life from the impact that IT and scientific research is having on building businesses, through to the development of entrepreneurs and leadership skills. Insights were offered through the contributions of speakers and roundtable panel discussions in which leading women offered observations and advice gathered from their vast experience.

“Standard Bank is proud of the role it has played in enabling women achievers to reach their full potential within its ranks. The bank also recognises that women across society have a broad role to play in the future of South Africa. It is through support for events like the Top Women Awards and the Top Women Conference that this approach is made visible and tangible.”

“We expect this year’s conference deliberations to deliver insights and inspiration that will not only spur established women to new heights of achievement, but also stimulate young women starting new careers,” says Ms Nyembe.

More information on the Top Women Conference can be found at https://topwomen.co.za/ and it can be followed on the #SBTWConference conversation on Facebook and Twitter  

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The Ins And Outs Of A Good Exit Strategy

The thought of parting with a business you’ve grown from the ground up may be unsettling, but Gugu Mjadu, spokesperson for the 2018 Entrepreneur of the Year® competition sponsored by Sanlam and BUSINESS/PARTNERS, says that it is better for both your business and yourself to plan for this as early as possible.

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“The challenge that business owners often face in this respect is comparable to the difficulty that many new parents have with imagining their children grown up and leaving for university. Imagine, however, if parents did not plan ahead for the cost of their education – that would be detrimental to the future of their children. The same could be the case for your business.”

Mjadu says that a good exit strategy is about sustainability and being able to measure your business performance against the goals you have set for it. “It’s really about being able to say, ‘this is when the work is done and I can exit the business or take on a different role – this is what success looks like in terms of monetary return on investment and other business growth indicators’.

“The lack of an exit strategy could be telling of a fundamental lack of measurable business goals and this needs to be addressed,” she says.

From immediate liquidation to liquidation over time; family succession; selling to staff or external investors; the open market or another business; or the gruelling but profitable exercise of taking your company public – there are many different ways in which an entrepreneur can exit their business, but Mjadu says that whatever the process, a strong and solid strategy is essential.

She shares five key points of a good exit strategy:

1. It tells you when you are done

Mjadu says that a good exit strategy should reflect a core understanding of all the intricacies of your business and should be able to tell you when the lifecycle of your business (or of your involvement in the business) should come to an end. This is usually done by including a set of tangible measurables or objectives so that it is easy to ascertain when these have been achieved.

Related: When Do You Know It’s Time To Sell Your Business

2. It sets out the right environment within which to exit

A good exit strategy considers the economic, social and political environment at the time of your exit. Mjadu says that this is important in order to plan for a secure financial future.

“Failure to think about this could result in short-changing yourself by exiting during a tough economic climate when the risk to buyers reduces the value of your business.”

She references the case of Victoria’s Secret when founder, Roy Raymond, sold the failing business for $1m unknowing that it would later grow into the multi-billion dollar empire it is now. “While Raymond’s exit was ultimately necessary for Victoria’s Secret’s growth, he sold it in 1982 during the global recession of the early eighties – one of the world’s biggest financial crises and this influenced the selling price at his exit”.

3. It compensates those who have contributed to the life of your business

It is important to consider the impact your exit could have on investors and staff, says Mjadu. “Closing shop for example, means that your staff no longer have employment at your business. Selling could mean the same.” She adds that it is important to consider ways in which your exit could also benefit these stakeholders – for example, selling to a bigger business could mean more career opportunities for your staff, as well as continued job security.

4. It compensates you

Mjadu says that entrepreneurs often struggle to recognise their own true worth, especially when this involves attaching a monetary value to what has been achieved. “The time of exiting a business is no place to short-change yourself. You need to get out the full worth of what you put in,” she says, explaining that this means ensuring that you are financially secure before and while you go into your next venture.

“Your needs for retirement and medical insurance, as well as the maintenance of your living standard, should be met at your exit.”

Related: Want to Exit the Company? Here’s Your Shareholder Exit Strategy

5. It sustains your entrepreneurial drive

Mjadu says that while you may be nearing the end of one journey, your exit should enable and encourage you to continue to be an entrepreneur – and to look forward to the next journey. “Your entrepreneurial skills and capacity do not end when you exit your business and whatever your strategy, it should egg you on to more entrepreneurial activity including becoming a mentor to aspiring entrepreneurs.”

Mjadu says that exiting your business should allow you a good retrospective look at what you have done over the years – and so planning the strategy early on in your business lifecycle will set you up in regards to what you hope to achieve. “Upon exit, you should be able to say that you have done what you set out to do, financially and socially, and you have some energy left to do more elsewhere.”

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