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?
My exit strategy for my mobile gas station would be to stay with the business for several decades and try my hardest to grow my organization into a fortune 500 company. I am not too sure what I would do with the business after I was to retire. I would most likely sell the company and pass that money down slowly to my children.
2) Why have you selected this particular exit strategy?
This strategy seems like the most stable and safest route.
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?
My exit strategy has barely influenced the other decisions I have made. The decisions I made for this company would remain the same with any route I were to take.
I can definitely see your incentives for starting the venture is for security for your family. I also thought it was interesting that you said that you would pass the money slowly down to your family. This is probably a smart decision to make, being that people are historically not very good with money. It is good that you are not blowing it all on them and your forcing them to be mindful of how they spend it.
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