Go to BizPlanIt’s website at http://www.bizplanit.

com. Choose “Free Business Planning Resources,”

“Virtual BizPlan,” “Exit Strategy,” and then “Exit Strategy Business Plan Basics.”

a. What are some common mistakes related to exit strategy and how might they be avoided?

b. What are the most common exit strategies and what are the advantages and disadvantages of each?

c. Which exit strategy is the most likely option for your proposed small business? LO.1