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?
a. As of right now I think that I’m going to stay with the business for a while and then retire.
2) Why have you selected this particular exit strategy?
a. I decided this because I see the value in this type of business and it will definitely grow as more things become digital, so I definitely wouldn’t sell it any time soon. However, it’s possible I might change my mind and make the venture a family business, it all depends on how things go.
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?
a. I think my exit strategy has influenced my growth intentions because I don’t think I’d have much interest in developing the venture too far if my plans were to just sell it in 5 years. I want to be able to see how far I can take this venture and I’d love to see it grow into something amazing.
Hey Jennifer,
ReplyDeleteI like your loyalty to your product and would rather stick with it yourself than sell it to bigger businesses. I feel that your exit strategy correlates to your path to find success after failure and I wish you luck. Great work
Hey Jennifer,
ReplyDeleteI am very pleased to know that you are confident enough with your product that you would not want to exit from it. That shows a lot about how hard you want to work for it. I am sure that if you put in some dedication, amazing things will definitely happen!