When Is the Right Time to Begin Thinking About an Exit

question 34

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 invested into the business.

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Definitions:

Telehealth

Use of electronic information and telecommunications technologies to support long-distance clinical health care, patient and professional health-related education, public health, and health administration.

Electronic Information

Data that is stored, processed, and transmitted using electronic devices such as computers and smartphones.

Telecommunications Technologies

Tools and systems used to transmit information over distance, including telephone lines, Internet, wireless networks, and satellite communications.

Clinical Health Care

Direct, patient-centered medical services ranging from preventive care to treatment and management of diseases and conditions by health professionals.