28A- Your Exit Strategy
1) I intend to sell this business and use the capital to venture into other, more profitable and sustainable enterprises.
2) I am not sure if my idea is viable long term and therefore, I want to capitalize on the success we initially receive and use that capital to make sustainable, long term growth investments. I do not believe this is my "one big idea" in my life and I am confident that I can parlay any success with this idea into other more successful enterprises.
3) To be completely honest, I was not considering this exit strategy when I was making initial decisions about the growth of my business. This is more of a strategy that has come about due to the overall concept that I have pieced together throughout this class.
Francis, I personally chose to keep the business as an asset rather than to sell it for a big paycheck. You bring up a good point, in that your company and idea may not be suited for a long term. It is always important to think about your exit strategy even when it may not be in your line of sight.
ReplyDeleteHi Francise,
ReplyDeleteIt is important to note that you will be putting the money made from selling the company into other business ventures. I believe this is a great plan especially after you highlighted the fact that the business may not be sustainable over time.It is important that you added the fact that this was not your original plan of action and that it more developed over time, this shows growth with your project. Great post!
~Sophia Scherzer