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?
* Within the next 5 years I would like to grow this business as much as possible and then sell it to someone who wants to continue my journey or to a competitor. I would put the profits into another business venture.
* Within the next 5 years I would like to grow this business as much as possible and then sell it to someone who wants to continue my journey or to a competitor. I would put the profits into another business venture.
2) Why have you selected this particular exit strategy?
* I have selected this exit strategy because I would like to put the profits towards another business. I would like to either open my own gym or use my current Realtor license and begin investing in rental properties and/or flip homes.
* I have selected this exit strategy because I would like to put the profits towards another business. I would like to either open my own gym or use my current Realtor license and begin investing in rental properties and/or flip homes.
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?
* This exit strategy has not influenced other decisions I’ve made in my concept nor has it influenced how I identified an opportunity. My exit strategy also has not influenced my growth intentions because growing the business as much as possible was already a goal.
* This exit strategy has not influenced other decisions I’ve made in my concept nor has it influenced how I identified an opportunity. My exit strategy also has not influenced my growth intentions because growing the business as much as possible was already a goal.
Hello,
ReplyDeleteI think your exit strategy is great! Using the funds you make from this business to grow another is quiet in line with the entrepreneurial spirit. You also seem all set to use your current strengths and interests to develop your next business venture. I wish you the best of luck!
Hi,
ReplyDeleteI think it is great that you want to grow your business as much as possible. I did not take this route, as I am concerned my business would get in the way of my studies. At this point in my lfe, it would be a nice source of income but I do not have the time to keep up with business. I hope that you can reap the benefits of your business as much as possible!
Hi,
ReplyDeleteI think its awesome that you want to take your profits to start a new venture. The richest people in the world have anywhere between 5-8 different sources on income. Flipping houses though is always a hit or miss, especially in times like this. But if you make enough money off of selling your first company, the risk would definately be worth it.