Many plant owners are starting to plan for retirement, or at least winding down on responsibilities. Because this brings up a host of challenges, it’s never too soon to start the process.
Some owners choose to continue as always, and then, on a given day, sell out all at once. For others, it makes more sense to phase out gradually. Whatever choice you make, the day will come when it’s necessary for you to make your exit. To ensure a well-coordinated departure, it’s necessary to develop an exit strategy, and the sooner you start, the better.