Assignment 28A: Your 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 don’t think I will want to sell the business. I intend to stay in the business, grow it to become a big company. Even though it is a large company, I intend for it to become a family business and probably will pass it down to my children. Ultimately, it will be my children’s decision whether they want to run it. If they do not want to run the business, I would probably just sell the business or expand it to have shareholders and stockholders, but that would not be my first choice.

2)     Why have you selected this particular exit strategy?

The reason for choosing this exit strategy because I want my business to keep growing, while allowing my family to be involved in this business and journey.

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 don’t think my exit strategy influenced the other decisions that I’ve made. I just wanted my company to grow and expand, as well as become more beneficial for consumers. The biggest thing I want to achieve is the ability to make a difference. Regardless of my exit strategy, I would want the same hopes and goals for my business.