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Starting a small business is tough, but planning how to step away can be even harder. In this Associated Press article, experts and seasoned owners stress the importance of crafting a clear, early exit strategy—whether passing the torch to family, selling to an outsider or shutting down — to ensure a smooth transition and maximize value. One key takeaway: Start planning early because the decisions you make today will shape your business’ legacy tomorrow.
By Rebecca Meiser
Contributor, Commerce + Communities Today and Small Business Center
ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.
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