Faced with the prospect of exiting a project, a business, or an industry, executives tend to hang on despite clear signs that it's time to bail out. Indeed, when companies do finally exit, the spur is often the arrival of a new senior executive or a crisis, such as a seriously downgraded credit rating.
Read MoreChannel Partners have their hands full just taking care of the day-to-day tasks required to run and grow their businesses. There’s a lot to do, but even when sales are rising and the company’s prospects look bright, there will come a time when it makes sense to pull the cord. Every owner needs an exit strategy.
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