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When starting a business it is essential that you also consider how to end your involvement with the business. Whether you are lone entrepreneur, involve an investor or partner, an exist strategy will provide you with a end goal which you can work towards.
A well thought-out exit strategy can help you to maximise the value you get from your business, successfully market your business to potential buyers or investors and ensure you end your involvement with as little disruption to the business as possible.
Regardless of whether your exit occurs to a planned schedule or you are forced to make a move for unexpected reasons, the decisions you make when setting up can affect how easy it is for you to eventually exit your business.
A few options for exist strategies are:
- family succession
- selling your business
- float your business
- close your business
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