FAQ's - Exit Strategy
Not many people start a business with a clear view on how they will ultimately exit said business.
The reality is though we will all be getting out of our businesses at some point.
Without planning that exit from a fair distance out can leave you short-changed on the value you have worked hard to build.
There are several options. These include to close the doors and walk away (poor option), pass on to the next generation (with or without payment), sell to the highest bidder (may be hard to find), bring in a manager and take a back seat, set up to run without you but still with ownership at some level.