Week 7 Black Enterprise Small Business University Creating an Exit Strategy Course Review by Lashana Thomas
Course: Creating an Exit Strategy Lesson 1: HOW TO CREATE AN EXIT STRATEGY Just revving up or about to retire, you need to know what the plan is to transition out of the business and help a new leader transition in. Lynette Khalfani-Cox a personal finance expert and founder of Ask the Money coach.com, is teaching a course on The Exit Strategy. Review the first lesson on How To Create Your Exit Strategy and get your business in order. Every business owner needs an exit strategy; this is true for the startup entrepreneur, part-time entrepreneur, long time business owner, or the serial entrepreneurs. An exit strategy simply put is your game plan for when you leave a company, sell it, or disband it. An exit strategy also helps you plan ahead, in the event of a death, disability, or a divorce, or anything else that would affect your operations. You don’t have to be running a multi-million dollar company or have lots of employees to require an exit strategy. Even if your ventur