Why Exit Strategy Is Important?

Why Exit Strategy Is Important?

1 Answer

  1. Hi Rayon! Interesting question. Its not just important but extremely important for every business to have an exit strategy. If you want your business to be successful, having a strategy on how you are going to end if unwanted circumstances do fall at your feet is as essential as planning on the commencement of it.
    There are millions of people who start business every year but what separates few of them is how do they plan to launch their strategy. Its important because investors shy away from those ventures who have got themselves into business but do not have an exit strategy as it may be an indicator that the entrepreneur is more interested in building and running a lifestyle business rather than in building a potential high-growth venture.
    Its vital to note that the right exit strategy protects wealth, attracts valuable employees, and ensures a smooth transition.

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