28A – Your Exit Strategy
1. Ideally, my exit strategy would be to sell my business in the next five years for a large return. I think this would be the best option for what I have in mind for my future.
2. I selected this particular exit plan because I do see the potential for this business but I would enjoy trying to be successful in other entrepreneurial endeavors. The return that I would receive from selling this business would go into the capital I need to start another business.
3. I don't think my exit strategy has influenced the other decisions I've made in this concept because I haven't given much thought about my exit strategy until this assignment. There are so many factors about my business idea that I don't know about that being influenced by the end goal is impossible for me. However, I believe that once I'm at the point in my business that I can think about exiting, I would make some decisions that would be influenced by growth intentions or acquiring and using resources. Therefore, exiting would go as smoothly as possible.
Hi Isabella! I enjoyed reading your blog post for this assignment. I agree that your exit strategy makes sense for your business and future plans/ambitions. I had a similar experience when completing this assignment because I evaluated the different aspects and resources of my business idea before making a decision. Although I chose a different exit strategy, I tried to choose one where my exit would be as smooth as possible. Great post!
ReplyDeleteHey Isabella,
ReplyDeleteI really loved reading your blog post about the exit strategy for your venture. I totally understand your idea of selling your business in the future for a profit in order to pursue something new. I have definitely considered this as well with my personally venture and will be considering the same. I agree it is best for you to sell the venture in order to pursue a different entrepreneurial endeavor that you are more passionate about. Lastly, I think it is very smart to focus on picking the smoothest transition for your venture that would also yield the most reward. Great post!
Hey Isabella,
ReplyDeleteI enjoyed reading you blog post about your exit strategy for your venture. I was thinking of selling off my company for a higher return as well. I think that there is nothing wrong with that decision! It's interesting to me that you want to go start another business afterwards. That shows that you really do want to be an entrepreneur! Good job.
Hey Isabella,
ReplyDeleteGreat job on this last assignment ! I really enjoyed reading it. I too, chose the same exit strategy as you with respect to your businesses. For similar reasons, I also do not want to limit myself to just one thing or entrepreneurial adventure. I find it interesting how you talk about how you have not really given it much thought until this assignment. That tell us that you are focused on the present and what is going on now, and that is great!