Pitfalls abound when entrepreneurs decide to become partners. Know what they are ahead of time so you can set up guidelines that allow people to walk away if things go wrong.
If you're thinking ahead to the day when you'll no longer run your business, think about these five exit strategies now so you'll be prepared for your future.
Sudden wealth after an exit can feel limitless, but without a clear plan, the right people around you and a defined sense of purpose, it can quietly erode through poor decisions, misplaced trust and a loss of direction.