At some point, you are going to want to walk away from the company that you built. Many small business owners have no exit strategy in the event of their disability, retirement, or death. Most are focused on business survival and/or growth. However, you want to make sure that your company is going to be successful and family interests are secure in your absence. This is where business succession planning and exit strategies become important.
What exactly is business succession planning? What exit strategies can be utilized?