Every small business owner has different long-term goals. Some may be content leading the business for decades, while others might see it as a passing experience or short-term investment. No matter your goals or timeline, you may be looking to move on to your next chapter. Read on for five potential exit strategies for small business owners.
1. Sell your ownership shares
If you own a business with a partner or have investors, one option is to sell your shares. The way you do that will depend on how your business is structured. Here’s a closer look at what that looks like: