1) Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children?
My exit strategy all depends on the success of my venture. Obviously, we would all like our own capital venture to be very successful, but that is certainly not always how things turn out. Assuming that it is not that successful, I would sell it within the next five years; however, if it takes off, I would keep it, allowing it to produce residual monthly income for me until I retire. At that point, I would sell it for a large sum of money that could be used for my retirement, or even for buying assets that my future family members to use.
2) Why have you selected this particular exit strategy?
My exit strategy all depends on the success of my venture. Obviously, we would all like our own capital venture to be very successful, but that is certainly not always how things turn out. Assuming that it is not that successful, I would sell it within the next five years; however, if it takes off, I would keep it, allowing it to produce residual monthly income for me until I retire. At that point, I would sell it for a large sum of money that could be used for my retirement, or even for buying assets that my future family members to use.
2) Why have you selected this particular exit strategy?
If it is not very successful, I would want to sell it to gain as much money as I can back to invest elsewhere to make better use of my money. If it is successful, I would want to keep it so that I have a steady source of income to support myself and my family for as long as possible until I retire. At that point, I could sell it so that I no longer have to work, can afford to retire and have a way to invest in anything else in the event that I elect to do so.
3) How do you think your exit strategy has influenced the other decisions you've made in your concept? For instance, has it influenced how you have identified an opportunity? Has it influenced your growth intentions or how you plan to acquire and use resources?
To be honest, going into a new venture, leaving it is not something that I would think about. The whole point of a venture is to create financial stability for yourself, unless if it is purposely something short term. An exit strategy could be used as a backup plan in case things do not go the way that you want it to, but I would be so focused on ensuring the venture's success that I really don't think my exit strategy would influence my decisions going into the venture.
Hi Abraham, I think you have a great exit strategy. You’re right in that we all want our products or services to grow but if they don’t you best might be to sell. On the other hand, if they end up taking off keeping that product or service as your own is a good choice as well. If you want to check out my post it is here: http://nicholeent3003.blogspot.com/2016/04/my-exit-strategy.html
ReplyDeleteAbraham,
ReplyDeleteI agree with a lot of your post. The exit strategy for me too largely depends on the success of the venture. If the venture shows too much failure and will not show signs of succeeding, it may be time to move on rather than invest. However, if you love your venture and it is successful, why sell it and waste the possible revenue to start over. If you want ot check out my blog the link is below
http://smileyent3003.blogspot.com/2016/04/my-exit-strategy.html
Hi Abraham! I think your exit strategy is very well thought out and smart. It really does depend on how successful you business is, and I think you understand that very well. I think if you really love your venture, it's kind of like your baby and you want it to grow and mature as much as it can. Good job on this post! Here is a link to mine if you want to check it out: http://morganjohnsonblog.blogspot.com/2016/04/my-exit-strategy.html
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