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What are the key timelines for an exit strategy?

An example of an AI chatbot conversation about exit strategy timelines.

😀
You

What are the key timelines for an exit strategy?

MagicBuddy
MagicBuddy

The key timelines for an exit strategy typically include planning, execution, and post-exit phases. Would you like details on each?

😀
You

Yes, please explain the planning phase.

MagicBuddy
MagicBuddy

In the planning phase, you should define your goals, assess your business value, and identify potential buyers. This can take several months.

😀
You

How about the execution phase?

MagicBuddy
MagicBuddy

The execution phase involves marketing your business, negotiating terms, and finalizing the sale. This usually takes 3 to 6 months.

😀
You

What happens in the post-exit phase?

MagicBuddy
MagicBuddy

In the post-exit phase, you focus on transitioning the business, managing finances, and possibly staying involved for a period to ensure a smooth handover.

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