Exit and Succession Planning
Every business owner eventually leaves their company. Some do so because of unforeseen reasons and others because they feel its time. In either case, preparing for your eventual exit should be viewed as a critical part of your business plan.
Even if you have no intentions of exiting for years, its important to keep the 'end in mind'. Preparing yourself, and your company, for your exit allows you to maintain focus on continually improving the metrics that help increase the value of your company.