When is the best time to begin thinking about an exit strategy?
A) When the owner wants to retire
B) When a willing buyer expresses an interest
C) When declining health forces the owner to leave active management
D) When money is first invested in the business

Question

Quizplus · Accepted Answer

The best time to begin thinking about an exit strategy is when money is first invested in the business. This allows for a long-term plan to be established and for the business to be structured with a potential exit in mind. Waiting until retirement, a buyer's interest, or declining health may limit options and negotiating power.

When Is the Best Time to Begin Thinking About an Exit