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Showing posts with the label Assignment 28

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...