The Best Time to Plan an Exit Strategy from Your

question 72

Multiple Choice

The best time to plan an exit strategy from your venture is ________.

• A)at the same time you enter into it
• B)after the end of the first fiscal year
• C)18 to 24 months after the launch of the venture so you can see a financial track record
• D)when a potential buyer makes their first inquiry about possibly buying your business

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Definitions:

Alternative Response

A different or non-traditional reaction or solution to a given situation or problem.

Minds

The elements of a person that enables them to be aware of the world and their experiences, to think, and to feel; the faculty of consciousness and thought.

Physical Things

Objects that exist in space and time, possessing material substance and can be perceived by the senses.

Directly Observed

A method of collecting data or information through immediate, firsthand observation.