Question.2007 - Exit strategies are an important part of a business plan. You will need to have a plan for how to get out of a failing business, so that you don't continue to lose money. You may also reach a point you want to get out of the business to pursue other opportunities. Exit strategies can vary, but an exit strategy is something all businesses should have.Review the link below and read the articles about Exit Strategies and feelfree to search for other resources. httRs://startuRnation.com/manage-v.our-business/business-succession-exit-strategi§{ B>Describe the exit strategy for your business. Consid!er what you will do if the industry changes significantly (e.g.book stores and the invention of book readers and electronic books). How willyour business adapt?
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