There are several factors to consider when owning and running a business. One of those includes your business exit strategy.
What is a Business Exit Strategy?
An exit strategy is a set plan for a business owner to sell his or her part of the business. This can be to another company or investors. If a business is prepared for the exit of the business owner, it often has a higher chance of succession post ownership transfer. It can also help to ensure entrepreneurs see a return on investment if their business is successful.