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 intend to sell my business in the next 5 years for a large return.
2) Why have you selected this particular exit strategy?
I have selected this particular strategy because Gainesville is a young and fast-changing place, and I think there always need to be new, young minds in management.
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 that my exit strategy has really influence the other decisions I've made in my concept design. Either way, I want to create the best restaurant with the best food possible for the best value.
Hey Laura!
ReplyDeleteI think you did a great job on the post. I also decided to sell my business within the next five years, and I also decided that my exit strategy wouldn't really influence the other decisions I made. You can check out my post here: http://sabinaent3003.blogspot.com/2016/04/exit-strategy.html
Laura,
ReplyDeleteI believe you have chosen a good exit strategy for your particular venture. I too plan on selling my business within five years. I also agree that my exit strategy will not really affect my decision making. If you are interested in fitness, check out my post:
http://colehouser.blogspot.com/2016/04/exit-strategy-i-plan-on-selling-my.html
Laura,
ReplyDeletegreat exit strategy!! I think it's always a good idea to sell a business venture once it becomes successful.. I also think my exit strategy will be the best decision, because apps make a lot of money once successful. Check out my post if you get a second! http://ufentlaurenday.blogspot.com/2016/04/my-exit-strategy.html