While there are a number of options that an entrepreneur may explore in considering an exit, it is critically important to begin exit planning early in a venture’s life cycle. The process of exit planning will guide the entrepreneur in his/her choices and strategies as the venture evolves. By considering an exit early, an entrepreneur improves the chances that the firm will evolve in a manner that facilitates a number of exit possibilities. Without this early planning, the entrepreneur may make choices and deals that must be unwound before a satisfactory exit strategy may be effectively pursued.
