Today - the majority of all business owners can be classified as Baby Boomers and are generally over the age of 50. In the next 10 - 15 years we will begin to see that these individuals are ready to begin exiting from their businesses. Those who have adequately prepared themselves, well in advance of this major life event, will come out as winners.

An exit strategy is a written plan for the succession of a business interest. A well thought out and properly crafted exit strategy utilizes the owners personal and business goals to develop the exit plan. All business owners can benefit from an exit plan strategy, prior to a business transition or retirement, regardless of their age or the stage in the life cycle of the company.

To ensure long term and short term goals are met, the exit plan is a powerful business and personal planning tool that should never be overlooked. A carefully thought out and crafted exit plan serves as a road map for business success and wealth preservation. An exit plan asks and answers all the important questions that business owners and their advisors must consider. In the ideal world, business owners would begin developing their exit plans when they start their businesses.