I plan to grow my business as far as I think I can and then
sell it. I believe this will take about 10 years. Plus, it will be my first
venture and therefore I will grow attachment to it. A business like this can
thrive without me, otherwise I would not let it go. After 10 years, it is time
to move on to a new venture and learn about new things. It is my goal to learn
and experience as much as I can before I am unable to anymore.
I do not believe the opportunity was chosen in relation to
my exit strategy. However, looking at it now the way the business is setup will
work with the exit strategy. The business is something I can train someone else
to take over after I am done. My goal is to sell the business in 10 years, so
the growth of the company must be consistent as any drops it revenue will be detrimental
to a specialized business like this. I need to have good resources to start off,
so they can be beneficial to me from start to finish. I need to work on
acquiring more resources for back up to my original resource. Back up plans are
essential to maintaining a business.
Hi Hayley,
ReplyDeleteI really like your exit strategy. I think that it is so smart to move on to bigger and better things when the time comes. I feel like a lot of people don’t like to put themselves back at the beginning of the process and therefore they never get the chance to grow and learn about other things. I love that you want to experience so many things in life and I wish you the best of luck. Great post!