Business Plan Should Include Exit Strategy

"There are some well established exit strategies you can offer in a business plan:

* Franchise the business
* Initial Public Offering (IPO)
* Merger / Acquisition
* Buyout by partner
* Handing down the business to another family member

Due to uniqueness of each business, exit plan should be custom made taking into account, business life-cycle, management needs, competitive environment. Plan should also be customized to include provisions for death, divorce (marital or business partnership) and disability."

From BusinessWorks Inc.