Exit Strategy and Why You Need it

You must be probing “why necessary to have business exit strategy for the firm”? Well, you should consider the facts, it is a part of reality that not all businesses survive and franky speaking more than 90% of new enterprises do not make it in the first five years of business. That is one of the biggest reasons why having exit plan is as important as ever when it comes to business valuation and employee incentives.

Exit strategy basically refers to the steps involved in exiting the business if things do not go according to plan (i.e. Bankruptcy, or retirment). The main goal is to ensure your exit transition from the organisation is as smooth as possible with miniscule or risk to yourself or the business which is ultimately the most important asset that will assist you with your retirement plans.

Spend some time to research and plan your business exit strategy as this is a necessary tasks that you will conduct.

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