28A – Your Exit Strategy
1)
·
Do you intend to sell your business in the next
5 years for a large return?
No, I know how this business can grow potentially.
·
Do you intend to stay with the business for
several decades and retire?
Yes, I would like to see the whole process, the ups and
downs and be part of the success and the failure.
·
Do you intend to protect the venture as a family
business, and pass it down to your children?
I intend to pass it down to my children or the children of the
friends that would be part of this business too.
2)
Why have you selected this particular exit strategy?
I would like for the people that made this business happen
to benefit from it and also their relatives or close ones.
3)
How do you think your exit strategy has influenced the
other decisions you've made in your concept?
I believe that my exit strategy matches my business vision and
mission, no greediness or selfishness when it comes to money because our values
wouldn’t be based on money but on the good outcomes of helping people.
Hey Roy, it sounds like you are planning on sticking to the business and ensuring its eventual success. Your idea is filled with your passion and its no wonder you don't plan to sell after five years. Its nice to hear your core reason for entering into such a venture is to help people.
ReplyDeleteRoy,
ReplyDeleteThis venture of yours seems to be something you are extremely passionate about. We have similar exit strategies in regards to our ventures. I too would want to stick with a project like this and go through all the ups and downs associated with it. I wish you nothing but the best, and I hope this turns into something you can pursue as a career. Great post!