Exit Strategy


My exit strategy would be to sell my business hopefully for a large sum of money after 5-10 years. I think that my product is interesting and I have things that make me love it, but I would see myself getting bored doing the same thing for such a long time. I think that I would want to eventually work somewhere else or invent a new product with the money I have acquired from this business. I would consider handing the business down to my children if they showed interest in it, but that is the only thing that would change my decision to hopefully sell the business for a large sum of money. I selected this because like I said before even though I do love this product because it is something that solves a problem I had it is something that would bore me after a long period of time. I do not think this exit strategy has influenced any of my other decisions. Throughout the process of creating the product idea and all other things associated with the product I never even thought about an exit strategy until now. I think this is a good thing to do so you are focused fully on the products success before thinking about moving on.

Comments

  1. UnknownDecember 3, 2017 at 5:31 PM

    I agree with your idea to sell your business. I like your point of view that you might get bored of running the same company for so long. It would definitely be cool to pass it down and make it a family run company, but also selling it and investing that money into a new business would also give you another opportunity to create a business to pass down.

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  2. Ellliot LopatukhinDecember 3, 2017 at 10:52 PM

    Great job on your blog post. Throughout this entire year I have really enjoyed reading your posts and believe that your business has a lot of potential for success. It would be smart to sell your business once it becomes successful because I am sure you can make a lot of money from it. I also did not think of an exit strategy until this assignment but I believe it is an important thing to consider when creating a business.

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