Entrepreneurial Journey Map Phase 5: Exit

The goal of this stage is to exit the business either by selling or closing.

Milestones

The milestones of this stage are outlined below, along with a clear purpose and description as well as a list of support partners who offer resources for each milestone. 

Business Valuation

To understand the commercial value of the business and its assets.

Legal/Contract Development

To prepare legal documents and contracts necessary for the transition or closure of the business.

Succession Planning

To develop a plan for transferring leadership or ownership of the business.