Problem
Exit Strategies are often overlooked in business planning.
Locate a news article regarding the transition of a small business OR feel free to share your personal experiences with your own small business or someone you know. Discuss the retirement strategy of the owner, the sale of the small business, or why it may have closed.
a) Did it appear that there was a clearly defined Exit Strategy?
b) What was done well?
c) What could have been improved on?
d) List any major mistakes and explain how you would have remedied them.
e) Apply what you learned in Lesson 4 and from your textbook. Share a link to the article you found.