Describe which conditions might cause you to make changes

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Reference no: EM133376141

Exit planning involves determining how an entrepreneur can transfer ownership of their business to the next owner. This can help you decide, in advance, the best way to end your involvement in the business if necessary. In this activity, describe a potential exit plan for your start up business idea.

Step 1: Create a Slideshow

Create a slideshow to present your thinking about your potential exit strategy.
Be sure to include a title slide with the name of your business.

Step 2: Determine Your Exit Goals

On a new slide, make a list 2-3 exit strategy options that would potentially be available, based on your industry as well as your goals. Consider your financial interests at the point of exit, and how much money, if any, you plan to take.

Step 3: Describe Your Strategy

Based on your exit goals, decide whether you will exit your business by closing it, transferring it, or selling it.
In two or three bullets, explain your rationale for choosing this strategy. Describe which conditions might cause you to make changes to your exit strategy. What would happen if your business became unprofitable, for example?

Reference no: EM133376141

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