LO4 Assess the various ways a small
business owner can exit the business and the implications of each option
Exit: success
and failure:
The main ways
an owner-manager might exit the business.
The key
reasons for business failure (external and internal) and how business failure
might be prevented.
Mechanisms
for exit in the event of failure.
Exit routes
for successful businesses: selling or floating the business, valuing the
company.
Growth and
succession in the family business:
How the
considerations of growth affect the family business.
Areas of
potential conflict.
Succession
planning.
Cultural
issues.
