If you are a viewer of Dragons’ Den on the BBC, you will have heard the phrase “exit strategy”. The idea being that if you want someone to invest in your business, there has to be a way for them to make a profit and get their money back out of the business. The obvious way to recoup capital is to sell equity, and the Dragons do that all the time. Four years or so into an investment, they’ll begin looking to sell their share of the business for a profit.

We also hear it more and more as a military term. How does a nation get its troops out of a given conflict? George W Bush didn’t have an exit strategy for Iraq. The Iraq war began on March 20 2003 and there was no real exit strategy until 2007, four years later.

Andy just you need an exit strategy in business and in war, you need one in politics too. (more…)