Every entrepreneur should develop an exit strategy to limit losses and ensure the business owner has the ability to sell or transfer ownership of the business should the need arise. Exit strategies are crucial if the entrepreneur wants to retire, travel, or move on to a new idea. An effective exit plan allows entrepreneurs to address problems and cleanly disentangle from their business. Basics of the Exit Strategy The three common types of exit strategies are: Strategic acquisitions; … [Read more...]
Turning Your Side Hustle into a Real Business Is Easier that You Think
It is feasible to turn a side hustle into a viable business with the right combination of planning, execution, scaling,… READ MORE
