How small business owners can create an exit plan

Millions of people across the globe dream of owning their own business. Such dreams come true every day, and small business owners often cite freedom and autonomy as two of the most rewarding parts of owning a business.

Small business owners nearing retirement can look back with pride on the business they built. And as retire- ment draws closer, a successful exit plan can ensure the business keeps going in the years to come. No two businesses are the same, so an exit plan that works for one firm won’t necessarily work for another. But these are some general strategies that can help small business owners nearing retirement age ensure a success-