There’s more than one way to exit a business. The exit strategy for you is the one that fits your business and personal goals and objectives. Understanding your needs and what is important to you can help to identify the most appropriate exit strategy for your situation. Should you consider selling to employees, or keep it in the family? Is the business viable without you in it? These are just some of the options and considerations.
Determining the appropriate exit strategy requires early planning. Engaging the support of a professional not only will help provide a non-emotional perspective, it can add value, experience and expertise. Review our infographic for more detail on the considerations for each of five ways covered how you can exit a business.