2. I selected this strategy because it will guarantee jobs for my future children and grandchildren if they decide to take over the company. It will make sure that they will be able to provide a living for themselves as well.
Tuesday, April 5, 2016
My Exit Strategy
1. My exit strategy is to protect my venture as a family business to pass along to the future generations of my family if the company if successful.
2. I selected this strategy because it will guarantee jobs for my future children and grandchildren if they decide to take over the company. It will make sure that they will be able to provide a living for themselves as well.
3. This changes a few ways of how I would run my business. I would have to come up with other ideas and innovations to sell in order to keep the company making a profit and continuing with the trends of the times. If I don't do this then my company wouldn't be able to last for a long time and wouldn't work if I tried to keep it for my future family members.
2. I selected this strategy because it will guarantee jobs for my future children and grandchildren if they decide to take over the company. It will make sure that they will be able to provide a living for themselves as well.
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Hi Sarah,
ReplyDeleteI think it's wonderful that your exit strategy is to protect your venture as a family business. It's great to have a family legacy that will guarantee jobs for your children and grandchildren. I think you're correct with innovation being key in order to keep the company growing. Good luck with this venture! You can check out my blog here if interested: http://rebeccamarrauf.blogspot.com
Hey Sarah,
ReplyDeleteI think it's really awesome that you plan to keep the business in the family for so long! I agree with you and Rebecca by saying that innovation is your key to success! Keep up the good work! I have very different feelings about my business venture. I don't plan on ever really working with my business. I want to create an on-campus UF drug store called Chomp N' Run. Because I want to partner with UF, I think it would be best if I sell the idea to them and let them run the business the way that they want to. If you're interested, check out my post at http://mbvandepol.blogspot.com/2016/04/my-exit-strategy.html
Hi Sarah,
ReplyDeleteI actually have a completely different exit strategy, I plan to sell my business in 5 years. Very cool that you plan to grow with your businesss. http://juansesoto.blogspot.com/2016/04/my-exit-strategy.html