1) Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children?
I plan to own my business for 5-10 years, and grow it to a point that I can sell out for a nice profit. I would like to build the business and move on to something new-a new adventure.
2) Why have you selected this particular exit strategy?
I would like to move on to another venture, probably either real estate or my ultimate dream of opening a unique downtown coffee shop/study space. I hope to be able to use the profit from selling this business to start my next venture.
3) How do you think your exit strategy has influenced the other decisions you've made in your concept? For instance, has it influenced how you have identified an opportunity? Has it influenced your growth intentions or how you plan to acquire and use resources?
I believe it has effected some of my decisions as I am not trying to build a business to keep and pass along to my family. I am trying to make a difference in this area of business, make a profit, and move on. This has made me see things differently and identify my opportunities in a different, less personal manner. I believe it has also mad me more reluctant to take as many risks, as this is not my dream business.
hi Robert! Great job explaining your exit strategy. I think you came up with a great concept over this semester and I agree that after college you should stay in the business for a few years until it is successful enough for you to make a big profit. It is very inspiring that after this company that you would want to move on to another venture! Overall great job!
ReplyDeleteHey Robert,
ReplyDeleteI really enjoyed reading this blog post and you did a good job on it. I think that your ideas and concepts that you came up with for the future of your business. I think that the plan to own your own business for five to ten years, that is a smart idea to make sure that your business does well. Overall, you did an awesome job on this blog post.
Hello Robert, great post. I enjoyed reading your exit strategy post. Your choice to sell your business and then seek other opportunities is very interesting. I like that you aren’t afraid to take a risk and look for another opportunity, a new adventure. I agree with Jordyn’s and Lexington’s previous comments. You have definitely had interesting ideas throughout the semester. Great work!
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