Despite the statistics on high failure rates or the many news stories about business closings, many do survive and thrive. They survive so long and do so well that they, at times, outlast their owners’ energy and interest in the company. Figuring out how to exit a business usually brings up a lot of emotions for business owners. After all, they’ve poured their time, energy, heart, and soul into making it grow and helping it succeed. Of course the thought of exiting the business makes owners uncomfortable — both personally and professionally.
In my mind, being in a position to dictate your own exit strategy should be the highlight of your career because it epitomizes the entrepreneurial dream: Go into business, be successful at it, and leave under your own terms. Unfortunately, that’s not always the case. Many owners are reluctant to make plans to walk away, and thus, they leave too many critical decisions to chance.
To read the original article: 7 Steps to Profitably Leaving Your Business
