Despite agreeing with the need, how many managers/owners, knowing that an up-to-date business plan is a pre-requisite for any successful business, actually maintain one? Many will have produced one at some time in the past when requested to do so by their 'friendly' bank manager and it will lie somewhere in their office, gathering dust.
As the most obvious place to have an Exit Plan or Exit Strategy is within a business plan (the need for direction, objective), it follows that the vast majority of business owners have no formal plan in place to help them determine these obvious and ultimate business goals.
