Assignment 28A – Your Exit Strategy
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?
If I were able to get a large return for my business I would consider selling it. If I were to sell my business I would want to sell it to an economically secure company that would ensure the vision that I have for my business. If i found my company to be doing well, I would consider not selling it simply because it would be something I would enjoy doing for the rest of my life. I would want my kids and family to work with me but would not force any of them to join my venture as I would want all of them to find their own passions and do what they love. My exit strategy would likely be to stay with my company and maybe sell a percentage of the company to a larger company that would be willing to help fund my business.
2) Why have you selected this particular exit strategy?
I have selected this particular exit strategy because I would not want to up and leave my company that I have worked hard in growing and developing.
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 think that my exit strategy has influenced other decisions that I have made in my concept because I have created a business around something that I am passionate about. It is something that I would be willing to work on for the rest of my life. I think this is important when looking at opportunities and creating a business that you can retire with/do for a large portion of your life.
If I were able to get a large return for my business I would consider selling it. If I were to sell my business I would want to sell it to an economically secure company that would ensure the vision that I have for my business. If i found my company to be doing well, I would consider not selling it simply because it would be something I would enjoy doing for the rest of my life. I would want my kids and family to work with me but would not force any of them to join my venture as I would want all of them to find their own passions and do what they love. My exit strategy would likely be to stay with my company and maybe sell a percentage of the company to a larger company that would be willing to help fund my business.
2) Why have you selected this particular exit strategy?
I have selected this particular exit strategy because I would not want to up and leave my company that I have worked hard in growing and developing.
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 think that my exit strategy has influenced other decisions that I have made in my concept because I have created a business around something that I am passionate about. It is something that I would be willing to work on for the rest of my life. I think this is important when looking at opportunities and creating a business that you can retire with/do for a large portion of your life.
Hi Catalina, I really enjoyed reading your post about your exit strategy. I also agree with you that if I were able to get a large return for my business that I would sell it in 5 years. It is also very admirable that you would like to keep and hold on to your business and work on it with your family and kids in the future, as an option as well. It is very nice that you were able to think of a business around a passion of yours.
ReplyDeleteHi Catalina! I think that your exit strategy is very thought out and detailed! It's great that you know just to who and when you would want to sell your business to as well! This is very import so when the time comes, you'll be able to pinpoint the perfect buyer! And I totally agree that you should keep in mind a exit strategy when creating a business, thinking about the future is always important.
ReplyDeleteHello Catalina,
ReplyDeleteI think the reasons you have for selling and not selling your venture are pretty consistent. I think that the vision you have for the company is simply amazing and having that as one of the conditions for selling your company is pretty amazing. Involving your family to work on it is also pretty nice.