Hi Sundi:

I have heard different ideas about an "exit".

You can sell or refer the business to either employees or family. In many cases you should get money from them over a period of time. This would help your retirement.

Then you can also sell to an outsider but I think that is more likely to fail. The outsider would not necessarily realize what he/she was getting and might not be equipped to handle it.

Just some thoughs,

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Penelope Myer
Penelope and Partners