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...]
Entering Into a Contractual Business Relationship: Covering Your Bases
When entering into a contractual business relationship, careful consideration, clear communication, and planning ahead can prevent legal disputes down the… READ MORE
