The exit strategy I plan to make is to sell my business in
the intermediate future probably about 5-10 years down the line for a large
return.
I plan on doing so for my exit strategy because I believe
that my service is not fully sustainable for the future ahead. I believe that
there will come a time and place when my service is run out by bigger companies
and I plan on selling to those companies or to others before I am ran out of
business.
My exit strategy has definitely influenced the decisions I have
made in my concept. In my concept I plan on trying to develop the most growth
that I can due to the new legislation laws and market. Then once the market has
become saturated with a bunch of others trying to do the same thing that I have
been doing, I will then look to sell.
Hey Christopher, your exit strategy makes complete sense for the kind of business that you want to run. Since your company will struggle to expand and compete as you grow and competitors enter the market, it would be best to sell the company early to a bigger company who does have the resources and capability to continue at that stage.
ReplyDelete