How and when will you move on from your business? Your business may be a lifetime endeavor or a link in the chain of a serial entrepreneurship. Either way, having an exit strategy is essential. If you are part of a business partnership or family business, having an exit strategy is critical. Without one, you may not be able to liquidate your investment and move on, without unforeseen, negative consequences. This article discusses the concept of exit strategy and presents a series of questions partners can use to open up the lines of communication, make some important decisions, and tailor an exit strategy to their individual needs.

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