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Small Business Center

Planning Your Business Exit

November 27, 2024

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

Small Business Center

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