EXIT strategies, Robert Fritz and other Monday morning rants...
Thanks Mike. Good reading.
I've spent all weekend catching up on some reading, like reviewing my Fritz (CREATING impacted me the most)...and other methods, strategies and techniques as I'm putting the SQ1 (FINALLY)into a practical course.
But first, Exit Strategy. Bill Myers was the guy who taught me to think about the exit strategy during the PLANNING of a project. How do you get out of the project?
It is totally different than BUILDING a business or project.
This weekend I read several books on the subject, and here is a link to amazon.com to one of the books and you may want to check with your local library for them:
http://www.amazon.com/exec/obidos/ASIN/0761519971/qid=1018272352/sr=1-4/ref=sr_1_4/104-6356072-3507900
In case the link doesn't work, the name of the book is WHAT'S YOUR EXIT STRATEGY by Peter Engle.
I've done a lot of reading and research on this and along with Michael Ross' LEVERAGE and Mike McGroarty's influence, it has created a paradigm shift for me...or some new TENSION in the Fritz model.
Creating for the EXIT is something new for me, and it appears like the next phase of my life...
so this is an interesting topic. It also changes the way you approach a project. Knowing there is an end to it is a power in itself. Open ended projects not only bore me, but I lose focus and can't immerse in them.
A closed end project or deadline somehow stimulates me to more activity and higher performance levels. Doing that going in to the creation of a business is totally different than what I was taught or learned along the way...and it may have been the missing piece of my education.
If you are finally getting around to ACTION on your ideas, and you want a fresh approach, think in terms of how you are going to LEAVE the project behind you...you'll be amazed at the RELIEF you will feel too, and that is empowering also.
I'm incorporating these new concepts in the SQ1, although they are already there, just not identified as such.
The top of the POA (Pyramid of Accomplishment) is a marker of activity, it isn't a destination.
So the selling off of the business or venture can be plugged into the POA at the beginning and it creates a totally different "goal" setting mechanism.
Thanks Mike and Bob for pointing out the Fritz work again...there are so many people with great discoveries out there, it is fun to find, refind and rediscover some of the OLD Masters...
as well as the new ones.
Gordon Alexander
PS to Bob Beckman, You did a great job with summarizing the SQ1, you should be the Executive Director of the SQ1...so you get to do all the work while I make all the money, OK? ....HA!
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