Once the decision is made to proceed with planning an exit, the core exit team is formed and the ExitHigh Plan is developed. The initial focus is on establishing personal and corporate goals to guide the overall transition. Action plans are created and implemented to prepare both the business owner and the company for a transaction process and these activities run in parallel. When the business owner and company are ready and the timing is deemed right, the focus shifts to preparing for and executing the business transaction. Personal and corporate goals extend to after the transaction closes as the company and the business owner complete the transition.