1) Identify the exit strategy you plan to make.
My immediate thought when reading this question is that I would want to stay with the business for several decades; however, the future is unknown and depending on where the business stands in 5 years i might sell it.
2) Why have you selected this particular exit strategy?
I would want to stay with the business because its something that i am passionate about, and when i put my heart and hard work into something i stick to it and want to grow with it. i think it would be hard for me to sell any of my future businesses.
3) How do you think your exit strategy has influenced the other decisions you've made in your concept?
My exit strategy has influenced the way i think about this business and therefore the long-term goals that i have of growing the company and expanding.
Hey Isabella, I think its smart that your are thinking about the future and how it could impact your business. Of course your business should survive if it is thriving and if the future conditions are suitable for it. Its always important to look at the long term goals and plan ahead.
ReplyDeleteGood job, thanks for sharing!
Hi Isabella,
ReplyDeleteThanks for sharing your blog post! It’s great that you recognized that the future is unknown and that you’d consider where your business is financially in 5 years’ time. Long term goals are important for a business to have, but also being realistic and saying that you might sell or that you might not sell is crucial to acknowledge. Overall, you did an awesome job!