Exit Strategy
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?
I think Style on the Run will be a project I can only grow so
large. Eventually I do intend on selling to a bigger investor. I don’t think it
is something that I would have an attachment with to keep it in the family.
2) Why have you selected this particular exit strategy?
I strongly believe this exit strategy is the most realistic for
me. I believe my idea is strong but I also recognize my resources won’t grow
the business like I think it can. I would like to exit at a point where I could
profit enough for retirement and to cushion my children.
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?
I think my exit strategy has influenced my decisions by making
them clear cut and focused on the immediate need. I didn’t extend my thought
process beyond my main concept. If I had intended on keeping the business in
the family, I believe I would have thought on a much larger scale.
Hello Deanna,
ReplyDeleteYour exit strategy is about the same as mine. I feel a business venture is created to generate income. My company’s sale would, in many instances, benefit me more than maintaining it.
You mentioned you didn’t extend your thought process beyond your main concept. I wasn’t thinking about how I would part with the company either, and I don’t believe many people did. I enjoyed reading your post. Good luck on the last few weeks of class!
You can read about my “Exit Strategy” here.
Hi Deanna,
ReplyDeleteI also took a more realistic approach. I think it's important to be realistic in the business world, because if you are not, you can lose a lot of money. I think I would also like to sell my company within a few years, mine is more for the concern that a competing product or a new technology would come out that would make my product irrelevant. I also think making money fast, and then making the money from selling my business would be nice, and then I could use that money to invest in something else. Check out my post! http://cassiespinner.blogspot.com/2016/04/my-exit-strategy.html
Hi there Deanna!
ReplyDeleteGreat job with this post! I like how you weighed your options and see that sometimes you may not have the resources that it grows into. Looking into retirement is also very good. Additionally, I like how you've also thought about your children's future. Both a wise and mature decision. Great job!
You can also view my post at: http://www.finityphotos.com/blog/2016/4/6/my-exit-strategy
Hi Deanna,
ReplyDeleteI think your setup of this assignment was done very nicely. We had similar views on what to do with the business later on. I plan on selling it for some profit as well because I would like to start other ventures and be able to try other things. I think your reasons on letting it go are very good reasons as well!
You can check out my blog at http://flatpeak.blogspot.com/
Brian D. Kim