Business Owners

How to Develop a Smooth Exit Strategy for a Small Business [Video]

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An exit strategy business plan is your ticket to a smooth landing

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Every business reaches a point in its life cycle where it is time to either move up or move out. Your business may be doing well, inspiring you to pursue even greater success by selling, buying out, maximizing shareholder value or seeking additional investment. On the other end of the spectrum, you might be ready to let go of your business due to personal or professional reasons. Whatever your position, making an exit strategy is your lifeline for a smooth, intentional transition. To make an exit plan that will reliably protect you and your assets, you need specific resources to overcome the pain points of this business cycle stage. An exit strategy for small businessanswers questions like how to sell your company if it is successful, whether to save or close it if it fails and how to handle financial losses …