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

---

Definitions:

Primitive Vertebrates

Early forms of vertebrates, such as fish and amphibians, that show basic features of the vertebrate lineage and provide insight into evolutionary history.

Cartilaginous Fish

Cartilaginous fish are a class of fishes that have skeletons made entirely out of cartilage, rather than bone, including sharks, rays, and skates.

Aquatic Environment

An ecosystem located within a body of water, encompassing both freshwater and marine habitats.

Amphibians

A class of cold-blooded vertebrates that can live both in water and on land, such as frogs, toads, salamanders, and newts.