Tuesday, April 5, 2016

My Exit Strategy

1. With my business, I intend to keep it longer than five years. After 5+ years in service, I will consider selling it to someone else who is capable of living out the goals of the company and managing it well. The money I invested and saved up from my business I will put to the side for future use, like college funds for my children or emergencies.

2. If I am going to start a business, I need to commit to the enterprise for more than just 5 years. I will gain experience in many areas of life on a number of levels, which will help me later in life as well. I hope with the money I saved I can also ensure financial stability later on in my life.

3. Honestly, this has not impacted my decisions made in my concept at all. This is a goal I intend to complete after achieving success in my business. I don't intend to run my own business forever.


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3 comments:

  1. UnknownApril 11, 2016 at 8:56 PM

    This is an interesting exit strategy. I decided to keep my business and pass it down to my children. It is definitely a smart idea to keep it for at least 5 years. I do think that you might have to keep it a bit longer if you want to sell it for a good profit. Usually the first 5 years or so of a company show wether the company will become profitable or not. This is why I think you might need to stay in business for a couple more years before selling it. Overall, I think it is a great idea that you want to sell it and use the money to focus on the future of your children, and your financial stability. Check out my blog at http://luissoto93.blogspot.com/2016/04/my-exit-strategy.html

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  2. UnknownApril 14, 2016 at 9:53 AM

    I liked your exit strategy. It is sweet and simple. Keeping the business for five years seems like a good amount of time. In 5 years, you can grow it a lot. You also seem like you have a good plan for the future. It is wise to save money for your family and emergencies. I also liked the meme that you added at the end. It complemented your writing. I have a similar exit strategy.
    Check out my post: http://tylermurton.blogspot.com/2016/04/my-exit-strategy.html

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  3. UnknownApril 14, 2016 at 11:46 AM

    Hello Rocio,

    I have a similar exit strategy as yours. I decided to keep it for few years and sell it to someone else. A good thing about doing this is that most business lose competitiveness after 5 to 10 years. Five years seem adequate amount of time to make the most profits by selling it. Great job! Please visit my blog and give me some feedback on my exit strategy. It is http://bongjukang.blogspot.com/2016/04/my-exit-strategy.html

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