When you’re busy trying to build your business, you don’t spend much time thinking about how you’ll eventually end it. Sure, you might think that one day you’d like to retire. But while you can envision yourself golfing or gardening, what’s happened to your business? You need an “exit plan.” An exit plan is the long-term strategy you have for transferring ownership of your business to others. Your thoughts about an exit help shape decisions you make now and give you a clearer direction on how to grow your business. Why bother developing an exit strategy? First of all, you may want to exit in the not-too-distant future. It used to be when someone started a business, their intent was to build a business, make money and perhaps leave it to their children. Today, many entrepreneurs hope to start a..

