My exit strategy mainly depends on how much I enjoy running the business and how profitable the market is in the future. I probably would intend to sell my business in the next 5-10 years for a large return. However, I would definitely leave my business in the right hands.
2) Why I Chose It
3) How it Influenced My Decisions
2) Why I Chose It
I chose this exit strategy because I don't think my window of opportunity will be available for a long time with everything turning digital and there are already a couple competitors in my market already. There are so many other things I want to explore and do in my life so I don't see this business being a long-term career for me.
3) How it Influenced My Decisions
My exit strategy has definitely influenced my growth intentions as to how far I want to take my business, especially in terms of new things I want to add. I didn't put too much thought into my exit strategy when I initially came up with my business idea, but it will influence my future decisions.
Ashley,
ReplyDeleteMy exit strategy is very similar to yours, so it was interesting learning about why you want to do it that way. I think knowing how long your opportunity window is open is a very important business skill to have. Since many products seem to be fad products, getting out at the right time might be the financial decision for yourself.
Ashley,
ReplyDeleteI thought it was interesting to see your exit strategy because I plan on having a different exit strategy. I would like to stay with my business more long term, instead of selling it somewhat soon like you. I think both strategies are great, it just depends on your personal preference. I also think this would be a very smart decision. Great job!
Hey Ashley,
ReplyDeleteI thought this was an amazing exit strategy. I think I might have a different exit strategy, but I think your plan is well written and planned out. I am also interested in learning more about this exit strategy to see how it compares to mine. Overall this was an amazing post and exit strategy. You went above and beyond in this assignment and post.