Exit Planning: Getting the Most Out of Getting Out of Your Practice (Part 2)

Now that we have some understanding of what an exit plan is and what its benefits are, let’s look at the steps involved in creating an exit plan. The steps are: 1) Establish your goals; 2) Consult with your advisors; 3) Formulate your exit plan; 4) Implementing your plan; and finally, 5) Reviewing your plan. I’m going to warn you now, while the steps are simple, they are not always easy to undertake. Proceed with care!
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