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:

Warmth/responsiveness

The degree of affection, emotional support, and immediate reaction an individual provides to others, impacting their psychological development and relationships.

Baumrind

Pertains to the work of developmental psychologist Diana Baumrind, recognized for her studies on the impact of various parenting methods on children.

Inductive Method

A scientific method of reasoning where generalized conclusions are drawn from specific observations or instances.

Desirable Behavior

Actions or conduct that are deemed preferable or appropriate within a given social or cultural context, often encouraged through positive reinforcement.