Every good business plan not only needs to discuss growth and expansion, but also how the exit or demise of the business should take place. Some say that this is a sign of lack of confidence or doubt, but any good businessperson must think through all the options. Here are some thoughts on your business exit strategy.

Action Perspective
Some preparation on the front end can really help an exit go smoothly if it ever comes to fruition.

Editor’s note: Dave Kohl, The Corn And Soybean Digest Trends Editor, is an ag economist specializing in business management and ag finance. He recently retired from Virginia Tech, but continues to conduct applied research and travel extensively in the U.S. and Canada, teaching ag and banking seminars and speaking to producer and agribusiness groups. He can be reached at [email protected].