Knowing your likely exit strategy is imperative. It is like knowing the ideal route to take to arrive at a certain destination. If you do not know the proper route, then it’s nearly certain that either you will get lost, or your journey will be longer and harder than necessary.
There are four different exit strategies. Each exit strategy demands a different route to success. For example, passing your business to your kids is a very different exit strategy than selling your business to an outside buyer, and therefore faces different issues, and uses different planning tools and tactics.
The educational resources below will help you understand the four different exit strategies, and discern which may best apply to your situation.