When Is the Right Time to Begin Thinking About an Exit

question 32

Multiple Choice

When is the right time to begin thinking about an exit strategy?

• A)When the owner wants to retire
• B)When a willing buyer expresses an interest
• C)When declining health forces the owner to leave active management
• D)When the money is first investedint he business

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Definitions:

Bloodworms

Aquatic larvae of certain midge species, characterized by their red color due to hemoglobin in the blood, often used as fishing bait and in aquarium feeding.

Coral Reefs

Marine ecosystems characterized by reef-building corals; known for their biodiversity, they are often referred to as the "rainforests of the sea."

Tropical Waters

Warm ocean water found near the equator, characterized by high temperatures and supporting diverse marine life.

Zooxanthellae

Photosynthetic algae found in close symbiotic relationships with marine invertebrates such as corals and sea anemones.