The importance of an exit strategy in your business

Holicent

VIP Contributor
So many people don't know the importance of an exit strategy or provisions in their business, they think it can't or shouldn't happen so they have know need for it or the thought. It's always good to expect the unexpected in business, this is why we are able to brace up quickly during an impact. If we carefully put this strategy in place, it will give us a clear path for changing ownership or liquidating assets when the time comes, thereby having a successful exit. It will also help business owners to plan for, retirement, changes in market conditions, or unexpected events, mitigating risks and protecting investments. It also gives great assurance to investors or stakeholders.
 
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