Assignment 28A: Your Exit Strategy
1) At the moment I don’t plan to sell my business within the nearer future. I want to stay with the company as long as it is good for me, hire some employees and make my customers happy. In case there will be a good opportunity to sell my business at the right time (for example in 10-15 years), to the right person for a good amount of money, I would definitely take it in consideration.
2) I really like my idea and I want to expand it with some additional ideas and accessories, I feel like I have to stand behind this concept and opportunity as long as possible and improve it constantly.
3) It took quite a long time to work out my concept with all those details and I definitely love my business opportunity, because I myself experience the issue with the cold bike seat each day during the winter. It has influenced my decision to identify this specific opportunity and also my decision that I want to keep this business as long as profitable and good for me.
2) I really like my idea and I want to expand it with some additional ideas and accessories, I feel like I have to stand behind this concept and opportunity as long as possible and improve it constantly.
3) It took quite a long time to work out my concept with all those details and I definitely love my business opportunity, because I myself experience the issue with the cold bike seat each day during the winter. It has influenced my decision to identify this specific opportunity and also my decision that I want to keep this business as long as profitable and good for me.
Laura,
ReplyDeleteI understand your point of view of keeping your business and not planning on selling it unless the right price and time comes around. you will have worked hard and long to create it and parting ways would be very difficult and may lose a chance to profit it even more.
Hi Laura, I definitely understand reluctancy to sell your company, since you are passionate about it and it was your idea that you built from the ground up. However, I do think it is important to think further about potential back up plans for the company and how you want to exit just in case it does slowing in the business cycle. Keep in mind, there are exit strategies besides just selling the company.
ReplyDelete