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.



Comments

  1. Barry McDonnellNovember 24, 2019 at 10:14 AM

    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.

    ReplyDelete
  2. Yehudy LanderNovember 25, 2019 at 8:07 AM

    Roy,

    This 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!

    ReplyDelete

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