Exit Plan
A strategy, planned or unplanned, to depart an existing situation. An overall strategy that prepares a business owner and their company for the time when that business owner is no longer involved in the operations of the company. Planned exits include acquisitions. Unplanned exits include death, divorce, incapacity, disability, management disputes, the influx of competition, technological obsolescence, loss of a major customer, or other unforeseen economic events.
