What Is a Business Exit Strategy?
An organized plan outlining how a business owner plans to sell or transfer ownership of their company is called a business exit strategy. The goal is straightforward: turn your years of labor and dedication into a monetary reward while ensuring the company runs smoothly without you. A well-thought-out exit strategy allows you to take charge of the process rather than being compelled to it, whether you are a startup entrepreneur planning to sell your firm or a family business owner considering succession.