You can’t start a business these days without planning your way out.
For early-stage entrepreneurs, thinking about a potential exit from the business starts before the company is even launched.
“Many of the companies we work with are looking to be sold,” says Cathy Belk, president at JumpStart Inc. “There are entrepreneurs who want to grow the business and ultimately achieve an exit, which is what creates wealth for the entrepreneur and others on the team and allows the team to continue to rock it in terms of its growth path.”
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Story excerpt provided by Smart Business Dealmakers.
Written by Mark Scott.
Originally published April 25, 2019.