Businesses are usually expected to last to perpetuity.  However, industry, market and business conditions can change your plans. Some businesses are created with a definite exit plan in place.  They may be created with the expectation of being sold later at a higher price. Or it may be expected to be reorganized later when market conditions or technology change. Even if the business will not be sold, exit plans are often created for the investors.

1. What is your exit strategy?

• Liquidate assets.
• Create a successful business that will be sold to competitors at a high price.
• Provide investors the opportunity to liquidate their investment (timing and method).
• Go public.

2. What is your long-term business strategy?

• When do you expect market, technology or other changes to significantly affect your business? 
• What are your plans for addressing these issues?

More information is available on Selling a Business.

More information is available on Closing a Business.