Plan for Business

Your Exit Strategy: Accidental or Purposeful?

By Tom Cramer
  Failure in business is a part of the free enterprise system, and it is often beyond one’s control. Changing economies, hyper-competitive, disruptive technologies, and other factors often bring about unanticipated challenges and difficulties. While effective planning and strategic oversight are just a few of the factors to help anticipate these threats, they are often not enough. Planning for Success or Failure However, the exit strategy you adopt and work towards should never be left to circumstances. Waiting for a heart attack or a disruptive market player is not choosing an effective exit strategy. One of …

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