If you are a successful business why do you need an Exit Str

If you are a successful business, why do you need an Exit Strategy?

Solution

Entrepreneur start a business with fixed goal and when business achieves that goal than entrepreneur start the process of exit due to following reason.

Protecting:- Entrepreneur start making exit plan to protect the value of business that he/she built.

Stakeholder:- In exit strategy entrepreneur start transfer of stake to buyer of the business.

Retiring purpose:- A successful business can also make exit strategy because they want to generate huge amount for retirement.

Another Business:- An entrepreneur is the risk taker they always ready to take risk because they know profit is the result of taking risk. After success of one business they going to sell and start another business after achieving a set goal by entrepreneur.

Recession:- Due to economy recession a successful business start making exit strategy because they know GDP is now declining and the value of business they don’t get in economy recession time so transfer the ownership by selling stake or share.

Health And Family:- Some no one want to sell their business especially when it is in his peak time. But uncertainty may come any time no one knows the timing of uncertainty. Due to this family or health problem entrepreneur start making exit plan for a successful business.