Sole proprietorship: Exit strategies for your succession planning

Succession planning is one of the most important factors in helping a business to grow and expand.

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In this series on succession planning for sole proprietorships, I will highlight the ways an exit can be implemented.

Exit and succession planning is done in stages. The last stage is when the sole proprietor makes a final exit from the business.

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Note: The results are not exact but very close to the actual.