Planned vs. Unplanned ExitYou and your team of advisors have formulated a well-thought-out plan, or it is still on the "to-do" list.Voluntary vs. Involuntary ExitYou walked away from your company, or some event will force you out. Planned Voluntary Succession This is a succession/ retirement plan -i.e., sale to partner, transition to next-gen, informed decision to sell to outside party. Planned Involuntary Succession This is when you’re hit by the proverbial bus but have a well-designed plan in place to carry on. Unplanned Voluntary Succession The 'last minute' decision of yup, I'm ready to retire... but I have no plan in place. Unplanned Involuntary Succession The 'oops, you're dead and you have no plan' plan. SO WHAT IS EXIT PLANNING? Exit planning is simply good business strategy. It is your value management system that makes the timing of your exit irrelevant. Exit planning is laser-focused on what you can do right now to grow the value of the business and drive income. Exit planning is about building, harvesting, and preserving family wealth for generations to come.