The Best Time to Plan an Exit Strategy from Your

question 68

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 second fiscal quarter when you are getting some sense of where the business is going
• C) after the end of the first fiscal year
• D) 18 to 24 months after the launch of the venture so you can see a financial track record
• E) when a potential buyer makes their first inquiry about potentially buying your business

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Definitions:

Followership

The behaviors and actions of individuals who follow and support their leaders, contributing to the achievement of group or organizational goals.

Literature

Written works, especially those considered of superior or lasting artistic merit.

Followership Outcomes

The results or effects of individuals' ability to follow leadership effectively, impacting organizational or team success.

Followership Characteristics

The behaviors, attitudes, and practices that define effective followers, including critical thinking and active participation in group and organizational processes.