It's equally important for both small and large businesses to think about exit strategies. This doesn't always mean growing a business just to sell it, Mark Bouris is talking about retirement plans, partners and investors and more.
Whether you have investors or not - it's important to figure out what your next step is. In order to find out what your exit strategy is, you need to work out what your exit value is.
You need to work out the projected value of your business over the next two to five years.
Know and understand the 'multiples' in your industry around business value.
Make a plan to show how you're going to make the profit that you project.