Summary
The article explains that entrepreneurs should build their businesses with a clear exit strategy from the start. Rather than focusing only on launching and growing a company, owners should also plan how they will eventually transfer or sell it. Experts recommend maintaining clean financial records, choosing a legal structure that supports long-term goals, and creating a scalable business that can operate without the founder. Owners should also protect assets through legal planning and intellectual property safeguards. Finally, they should define personal and financial goals for the future and work with advisers to adjust plans over time, ensuring the business remains valuable and ready for a smooth transition.
Kiplinger
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