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Monday Morning Drive: Exit Strategy: Start Planning Before It’s Too Late
Manage episode 471896748 series 3601368
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When meeting new business owners, I ask direct questions: How did you get started? Where are you now? What concerns you most? What’s your exit strategy?
The answers to the lattermost question follow predictable patterns. Business owners over 50 usually say, “I’ve thought about it, but I don’t have one,” or “I really need to come up with one.”
The younger crowd responds differently: “I’m having fun and making money. I don’t need to think about my exit strategy now. I’ve got 20–30 more years.”
Both responses make me uncomfortable.
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