Startup Terms Glossary
What is an Exit Strategy?
An exit strategy is a strategic plan implemented by a business owner when selling their interest in the company. Having such a plan helps the transition happen smoothly and minimize damage while maximizing benefits. For example, an exit strategy gives a better understanding of revenue streams. Another benefit to having a strategic plan includes having control over price negotiations.
Exit Strategy Examples
Examples of exit strategy elements:
- Example 1. Objectives
- Example 2. Timeline
- Example 3. Intentions for the business
- Example 4. Market conditions
Here’s another web page about the ins and outs of an exit strategy.