1) Prior to this assignment, I did not think much about my exit strategy. I think my plan is to build the business up over the next 5-10 years and make it worth as much as possible, and then ultimately try to sell it and make a pretty penny. The idea of building the business and then selling and investing in another company is one that sounds really good to me.
2) I selected this strategy because ultimately the goal in life is to make money. Once you build a company, there are aspirations to build something else and that is what i eventually want to do. Being able to sell my company for a large return and then invest in another company or come up with a new idea is what I would do if I were in that situation.
3) My exit strategy has not influenced the other decisions I have made in regards to my company. Going into this assignment I previously had the idea that I would build up the company to the largest it could possibly be, and then sell it down the road. The end goal in life is to provide for your family and to live a comfortable and satisfying life.
Hi Max,
ReplyDeleteSelling a venture, or even merging it with another one presents the opportunity of someone else to gain control. As long as you're okay with that idea, I think your exit strategy is solid. However, I think it's smart to sell it and use that money to invest in another plan. Having multiple ventures can lead to wealth which seems to be what you're after.
Hi Max,
ReplyDeleteI as well had not thought much into an exit strategy if my company had unfortunately come to that stage. Your exit strategy sounds great because it seems like it would still be profitable whether you sold it for profit or merging with another company to enhance the business and its ventures. I agree with you that my goal as well is to provide for my family to live a comfortable and happy life.