Please answer the questions below.

1. Based on what you know about your business, what is the typical exit strategy for businesses in your field? LX. Are they sold? Are they acquired by a larger firm? Are they passed on to the next generation in the family? Do they just cease to exist? (3 points) 2. What is your preferred exit strategy for your business? Example Options: . Sell the business to an employee, customer, or other buyer. Pass the business on to a family member, Merge with another business. Take the business public through an IPO (Initial Public Offering]. Cease to exist and sell off the assets. Note: Watch the video in this module for additional exit strategy ideas. Why do you feel this strategy is the most appropriate for your business? (3 points) 1. For how many years do you plan to own this business? (3 points] 2. How much involvement, if any, do want to have with the business after you exit? How long do you want your transition out of the business to take? (3 points) How much money do you want to receive when exiting the business? (3 points) Based on your response to #5, draw from your sales forecast and identify how will you grow your business to help maximize the amount you receive when exiting the business. For example, are there additional products or services you can offer? Would you open a second location? (3 points)