What Is Exit Strategy?

Every business owner WILL exit at some point in time.  A well-thought-out business strategy includes planning with the end-in-mind; that is, an exit strategy.  Your overall strategic plan encompasses setting long term goals and maximizing value so you can reap the benefits of your success.    It’s about knowing your exit options and having control over HOW you exit and maximizing the value realized WHEN you exit.  And it’s not just business – it’s personal.  Planning for “life after exit” is equally important – from retirement income needs to hobbies and travel plans to wills and estate planning.