Exit Strategy

For my exit strategy, I intend to sell my business in the next 5 years for a long return because I do not want to be so focused on this business since I have other interests and other goals I would like to accomplish in life. I know running a business is a lot of work and can cause a lot of stress so I do not see myself exerting so much of my time and energy in the long-run for this type of business.

My exit strategy has influenced my ability to identify an opportunity because I knew that I would want to sell my idea to landmark property companies or other big-named companies that would be interested in continuing this business in the long-term. It has influenced my growth intentions because I know I would just want to focus on the business for the first couple of years to get as much profit as I possibly can before selling it.  

Comments

  1. Hassan MoussaApril 19, 2020 at 11:40 AM

    hey Ilana, I like the idea of getting the weight off your shoulders and moving on to bigger better things, but I decided that I would rather hold onto the owner ship but give command to a responsible, capable person who would do the company good. I would probably do a big application process and hire people with a lot of management experience who deserve to start moving up and add more accolades under their belt. I think some students would like the opportunity to learn and get more experience before moving on and applying to bigger, better things.

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