You Need an Exit Strategy Before You Even Start

Before you start your business you should have your exit planned. Not everyone agrees with me but that’s what makes life interesting, right?
In my opinion, Wikipedia’s definition of an exit strategy is flat out wrong as it pertains to business:
An exit strategy is a means of escaping one’s current situation, typically an unfavorable situation. An organization or individual without an exit strategy may be in a quagmire. At worst, an exit strategy will save face; at best, an exit strategy will peg a withdrawal to the achievement of an objective worth more than the cost of continued involvement.
(That 2nd sentence …read more