Planning a good exit strategy for your small business is just as important and just as crucial as planning a good start up strategy and a good marketing strategy and a good financing strategy for your small business.
5 tips for planning an exit strategy for your small business
1. Know how to determine the value of your small business
One of the most important steps that you need to take when planning an exit strategy for your small business is knowing how to determine the value of your small business. Valuation is vital when determining how much to sell your business for and how and when you should purchase a small business. There are several methods used for determining the valuation of a small business.