Friday, April 12, 2019

28A- Your Exit Strategy

When thinking of my exit strategy, I often consider whether or not I will be truly invested in the business venture, and whether or not it is successful. I believe it would be hard for me to sell the business, due to my passion being automobiles, however I think I would either make the decision to sell the business after 5 years or keep the business till retirement. This is because I would sell the business for the right offer, or keep the business if very successful and I continue to enjoy my work. I don't see the business being passed down to family due to me not wanting to force anything. I don't believe my exit strategy has influenced my decisions for this concept as I did not necessarily create the concept with the exit strategy as a key influence. It did not change how I identified the opportunity also, because I based it off of my passion for automobiles. It has not influenced my intentions for growth either as I plan to grow the business based on the concepts I bring and the level of success, not what my end goal is.

1 comment:

  1. Akaash,
    I see this exit strategy being one of the most effective that I can see, and an excellent choice for the company and opportunity you chose to undergo. It makes sense to question your own interest and success in the venture. Selling the business for the right offer is something every entrepreneur must undoubtedly do.

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