Principles of Entrepreneurship question: Why would a business owner plan for a future exit strategy?

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Why would a business owner plan for a future exit strategy?
A business owner must plan a future exit strategy for various reasons. First, ownership over the business will eventually transfer from him either voluntarily or involuntarily. A business owner is not an eternal entity and cannot, therefore, live forever. At some point, old age, ill-health, and death will overtake him, and someone else will have to own the company. Having an exit strategy, therefore, makes sense because if runs well, the company can operate forever while he cannot. Second, over time the business will attract new stakeholders who will take an interest in it and have better ideas on how to run it. Some of these stakeholders include employees, board members, and...