The early days of a business can so often be a bustling, exciting cavalcade of refining products, building a customer base, and establishing a market presence. Amidst this heady rush to grow and sustain your venture, it can be tempting to let any thought of a future exit take a backseat.
The truth is, if you have a sense of your ultimate goal, you can more effectively plan for it and operate the business accordingly—even if your horizon is decades away.
From keeping the business in the family to selling to employees to going public, digging into the nuances of each opportunity ensures you pursue the right path for you and your company—and increases your chances of a successful transition.
Here’s how to get started.