Have you planned your business exit strategy?
All businesses need an exit strategy at some point, even if that just means transferring ownership of the company when one owner decides to retire.
Leaving a business can be stressful, and emotions often cloud your judgement. Should this occur, a pre-determined exit strategy will let you transition smoothly to your next adventure.
Even if you’re a small business, it’s a good idea to plan ahead and think about how you will transfer ownership of the business down the line. Whether you choose to sell the business or scale it for acquisition, it’s never too early to plan.
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