What are the exit strategies available to entrepreneurs when it is time to step down?
A)Close the business
B)File for Chapter 7
C)Sell to outsiders
D)Force a family member to take over

Question

Quizplus · Accepted Answer

Selling the business to outsiders is the best option for an entrepreneur to exit the business as it allows them to benefit financially from the sale and ensures that the business continuity is maintained. Closing the business or filing for Chapter 7 should only be considered as a last resort and forcing a family member to take over may not always be the best option for the business or the family.

What Are the Exit Strategies Available to Entrepreneurs When It