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 … [Read more...]
Understanding the Life Cycle of Your Will
A Will goes through three major stages: initial planning, drafting, and execution. Understanding what the three stages entail can help… READ MORE
