When Is the Best Time to Begin Thinking About an Exit

question 74

Multiple Choice

When is the best 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 money is first invested in the business

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Definitions:

High-Context Cultures

Societies where communication is heavily reliant on context, nonverbal cues, and the relationships between speakers rather than explicit words.

Low-Context Culture

A culture in which a written agreement, such as a contract, can be taken at face value.

Illustrators

In communication, illustrators are gestures that accompany speech to clarify or emphasize the spoken words.

Nonverbal Punctuation

The use of body language and facial expressions to emphasize or clarify the spoken message, functioning similarly to punctuation in written language.