Bob Boyd is developing an exit strategy for his sporting goods business, since he plans to retire within the next three years. Bob knows that one of the company's greatest strengths is that there is a core group of motivated employees who have been with the company for years. Based on this information, which exit strategy would be the best option for Bob?

Question

Quizplus · Accepted Answer

Selling to a key employee or group of employees leverages the strength of having a motivated, experienced team that understands the business well. This option can ensure continuity and preserve the company's culture and values, which might be important to Bob as he plans his exit.

Bob Boyd Is Developing an Exit Strategy for His Sporting