When should I develop an exit strategy?
Now is really when the process should start. Sometimes, we don’t get to exit on our own terms and things can happen unexpectedly. People become disabled, the economy changes, and people die. Even if your business is in growth mode and you have no thoughts of retirement, you still need to deal with the contingencies of a forced exit. Peace of mind and security for you, your family and employees – these are all reasons to think about your exit plan well before you determine your exit date.