Have a Business Exit Plan in Place Before You Need It
Your business had a beginning, which means it might always have a potential end. For many owners, unfortunately, that involves running out of money or otherwise going under.
Even if your business is a steady and thriving success, at some point you ought to determine what the “end point” might be, as well as how you’re going to get there. Companies generally don’t last forever, and those that do eventually have to change hands.
Not only will you need to plan for the future of your firm, you’ll need to plan for your own future as well—and the further you plan ahead, the better. Here are some areas of consideration.
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