28A – Your Exit Strategy

I personally do not like the thought of selling my business or getting out of it once working so hard in it, but I know it is sometimes a necessary step (we are learning more about this in class Monday).  So if I were to pick an exit strategy for my business, I think I would stay in for the long run and retire and pass it down to someone in my family or someone I trusted.  On the other hand, if the offer was large enough, I think I would sell my company.  I would only consider doing so if I thought the company would continue moving in a positive direction.  I picked this strategy because I care a lot about the business and do not want to see my years of hard work (if I were to work in it for years to come) go to waste.  I think my passion for my company shows in my exit strategy and my business plan.  On the other hand, I did not consider my exit plan before this assignment so it did not influence anything before this that I have wrote about.  I don’t think it changes my growth intentions, I just think it motivates me more to set the business up for success in different ways—like showing future possible buyers our dependable and growing numbers.

Comments

  1. UnknownDecember 3, 2018 at 6:26 PM

    Hello Sydney,

    I agree with selling my company if the offer was big enough. I think I would sell it to someone who has a similar vision as me but also someone that would constantly improve and work on our shared vision. My exit strategy allows me to work on other business ideas and ventures if need be. I would like to also someday share my business and pass it down to a relative or close family member.

    Ramar

    ReplyDelete

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