If you own a business but are considering retirement,make sure you gain an exit strategy in state to ensure a smooth transitionAccording to the latest Global Entrepreneurship Monitor, 7% of 50 to 64-year-olds in the UK are now starting a business for the first time.[br]Some of these budding entrepreneurs may be considering retirement or reducing their responsibilities in the next 10 to 15 years. Even though initially they will undoubtedly focus on the most immediate needs of a original business – securing funding, and product development,customer service and managing employees – an exit strategy should also be an integral fraction of any business blueprint for two key reasons.
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Source: theguardian.com