5 Signs It's Time to Start Exit Planning
Every business owner eventually leaves the company they built. It might happen through a sale, a transition to family, an acquisition or retirement. Most owners spend years growing the business but only a few weeks thinking about how they’ll leave it.
Exit planning is integral in shaping how a business is run and financed for years before an owner decides to sell. The earlier it starts, the more control an owner can keep over terms and timing. A handful of signals tend to appear in the business or market before the right moment arrives.