Catalina Management Group (CMG) is an investment management company that acquires, builds, and sells companies that benefit shareholders, customers, team members and communities at large.
Identifying your exit strategies is one of the most important parts of business ownership. Not planning your exit can lead to difficulties in selling your business. Developing exit strategies for a business helps to ensure that the transition of ownership is smooth and successful and that the business owner or investor is able to achieve their financial and personal goals.
Why Do Business Owners Need Exit Strategies For a Business?
An exit strategy business plan helps business owners prepare for unexpected situations. This helps them build strong business practices and allows them to focus on long-term goals. While it can be a mix of riding emotions for business owners and stakeholders, good exit strategies for a business enables them to deal with complex challenges that may arise in the future.
The five most common Exit Strategies for business owners and investors are: