Thinking about starting a business? You might as well ponder your potential exit strategies at the same time—even if you plan on running your company for a lifetime. The reality is that most entrepreneurs don’t begin to plan their exit until an economic or life event forces their hand, neglect that can sabotage the return on a life’s investment of ideas, time, energy, and capital.
Typically, successful entrepreneurs pour countless hours into nurturing their entrepreneursand managing it for growth. Weeks, months, and even years are devoted to developing processes and procedures for running the business, but barely hours or even minutes are spent on developing an exit strategy for the business owner.
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