As I mentioned in a previous post, I learned a lot in 2006. One of the things I learned is that having an exit strategy for your business is a good thing. Ben Yoskovitz has a great post about this at startupspark.com:
To some an exit strategy sounds negative. Or, you might think you’ll never exit because that’s not the point of the business. That’s fine, you don’t have to give up the business (although eventually we all give it up) but thinking in terms of an exit strategy will help crystallize that goal nonetheless.
One thing I’d like to add to Ben’s post is that once you’ve spent the time and effort to come up with an exit strategy, you’ll find you feel much better about yourself and your business. Like Ben says, an exit strategy is a goal. Once you’ve defined it, you can stop worrying about it, and start working to achieve it.
Another benefit: having an exit strategy in mind will help you as you make business decisions along the way.