Do you have an exit strategy?

[eLdavis]

As a business owner, it is extremely important that you have an exit strategy for your business. Though no one setups a business with the hopes or intention of failing, but then again notting is certain. Having an exit strategy for you business gives you something to fall back, Incase your original plan does not work out.

 

[Augusta]

An exit strategy benefits business owners by providing a plan for leaving their business, whether through selling it, transferring ownership, or liquidating assets

 

[eLdavis]

An exit strategy benefits business owners by providing a plan for leaving their business, whether through selling it, transferring ownership, or liquidating assets

Yes that's right, especially in situations like now where the price of things has made it somewhat hard for most business owners to continue or run the business.

 

[Augusta]

Yes, It also allows for better planning, decision-making, and the ability to capitalize on market opportunities.