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Outrepreneurs describes business owners seeking to leave their businesses. Outreprenuers is not the opposite of Entrepreneurs, rather it is an evolution of the capitalist concept of business ownership and succession. An entrepreneur is a person who has possession over a new enterprise or venture and assumes full accountability for the inherent risks and the outcome. Entrepreneurs are often considered as personality types focused on building and running businesses. Particularly in smaller single ownership businesses the Entrepreneur is concerned about building, not selling or divesting. As business owners age or change priorities their focus can change from building their business to exiting their business. Outrepreneurs seek to crystalize the full dollar value inherent in their Entrepreneulial activities by removing their ongoing personal accountability and risks of that capital. In short they sell their business. However 100% selling of a business is not typical. On a more practical level, Outreprenuers can often increase the value of their business if they continue to hold a minority ownership in the business and act as an ongoing consultant. As the new management becomes successful the Outreprenuer is able to then fully exit. If the new management somehow fails to reach successful targets then the Outrepreneur also fails to realize additional capital from the initial sale. This is colloquially referred to as "keeping some skin in the game" and it increases value in the business as it raises the "transferability quotient". In short, the higher the "transferability quotient" of a business, which means the easier a new owner can assume full understanding and control over that business, the lower the risk for the new owner and the higher the dollar amount that business can command on the open market. The term Outrepreneurs is believed to be coined by Canadian Patrick O'Shaughnessy. Outrepreuners has quickly gained popularity as it labels an increasingly growing group of aging Entrepreneurs who are on course to exit their existing enterprises.
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