A business exit strategy is a planned approach for an owner to transition out of their business while maximizing financial returns and minimizing risks. Common exit strategies include selling to a competitor, merging, passing the business to heirs, or liquidating assets. Planning ahead ensures a smooth transition, whether for retirement, market changes, or new opportunities. A well-structured exit strategy helps secure financial stability and aligns with long-term business goals, ensuring a successful and profitable departure. https://exitexpertise.com/