Some people like to say, “If it ain’t broke, don’t fix it,” but I believe all businesses need to be shaken up and transformed every five to ten years in order to stay competitive. I say this partly because if you don’t, you won’t actually know that something is “broke.”
There comes a time when it’s time to leave a business, whether because you’re ready for something new or you’ve done what you set out to do and your work is complete. Or perhaps there’s another reason why it’s time to say goodbye and exit gracefully. Regardless of the reason, having an exit plan is crucial. And the time to develop your exit plan is not when you’re ready to exit, but from the very start.