Exit Strategies for Small Businesses

Thinking about an exit strategy is not usually at the top of a business owner’s list. But, inevitably, one way or the other, an exit strategy needs to be considered, devised and ultimately implemented. Perhaps the reluctance to search for an exit strategy is based on recognizing our own mortality! Susan Ward, writer @ The Balance, points out that “An exit strategy is something that every investor in a small business looks for. Even if you are running a one-person sole proprietorship, you need an exit strategy. For you, as for any investor in a business, the questions are the same when it’s time to move on: (1) How are you going to get your money out of the business? (2) How much money are yo

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