Exit strategy
An exit strategy plays a pivotal role in the strategic planning of business owners or entrepreneurs, aiming to minimize losses or maximize gains. Sanjeev, after successfully running his food business for five years, found an exciting opportunity to work in his dream company in London. He had long envisioned an exit strategy and decided to execute it. Sanjeev handed over his thriving business to a young and aspiring entrepreneur who shared the same passion and drive for success. With this well-thought-out plan, Sanjeev was able to capitalize on his profits and make a smooth exit from his business, setting the stage for a new chapter in his career.