Episode 4: 7 Exit Strategies For Charleston Entrepreneurs

Brett shares the seven exit paths entrepreneurs have when it comes to stepping away from your business in preparation for retirement:

1. Transferring your family-run business to a family member
2. Selling your business to one or more key employees
3. Implementing an Employee Stock Ownership Program (ESOP)
4. Selling your share of a partnership to another partner(s)
5. Selling to a third party
6. Retaining ownership but becoming a passive owner
7. Closing up shop and liquidating

You’ll also learn the pros and cons of the most common exit strategies, as well as a process you can use to identify the best exit path for yourself one day.

Episode Highlights

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