Does every business need an exit strategy?

[Niyi]

Does every business need an exit strategy? This is a question that has been debated among entrepreneurs and business experts for quite some time.

Some argue that an exit strategy is essential for any business, as it helps to prepare for the eventual sale or transition of the company. Others argue that an exit strategy is not necessary and that a business should focus on growth and success in the present.

What are your thoughts on this topic? Do you believe that a business needs an exit strategy? Why or why not?

 

[Kane]

I think all businesses should be created with an exit strategy because there is no such thing as a full proof guarantee. However, once the business grows and stat making a lot of profits, you can scrap that exit plan.