Succession & Exit STAGE

The seventh and final stage in the Nehemiah Business Life Cycle is the Succession and Exit Stage. Now that you’ve successfully built a thriving business, it’s time to prepare for your transition. It’s an intriguing paradox—after the hard work of building a transformational Kingdom company, just when you’re starting to enjoy the fruits of your labor, it is time to pass the baton to someone else.

As highlighted earlier, true entrepreneurial success isn’t just about creating a job for yourself; it’s about addressing growing market or societal needs, advancing the Kingdom, and attaining personal freedom. This achievement is only possible when you approach business-building with the end in mind. I often draw this analogy for members of the Nehemiah Entrepreneurship Community: “Are you building your business like a personal home residence or an investment property?”

A personal home residence is comfortable and ideal for raising a family and creating cherished memories. However, it might lack significant resale value, and sometimes, even your own children may not want it. On the other hand, an investment property is meticulously crafted with the market in mind, ensuring excellent resale value.

By building your business with an investment mindset, even if you never intend to sell it, you are guaranteed that it will retain substantial value. Conversely, building it like a personal home residence may hinder your ability to let go of it, preventing you from achieving the freedom of time, financial prosperity, and the impactful legacy you’ve diligently worked towards.