Exit Strategy / Exit Plan
A plan prepared by a business owner or third party to ensure a successful exit from a business.
Tips
There are several forms of exits, ranging from a partial exit, whereby a minority interest is sold, through to a 100% sale of the business. Any exit strategy should take into consideration any risks associated with carrying the exit strategy out. Variations in market conditions, retirement, divorce, or legal reasons are also common reasons for executing an exit strategy.
Related Resources
Business Exit Plan & Strategy Checklist | A Complete Guide
Increasing the Value of Your Business | The RVD Model
Reducing Concentrations of Risk Before Selling Your Business
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