My exit strategy would be to sell the business as soon as it is worth money where I can either invest that money or start up a new idea. I would prefer to sell it to a company/someone who will keep the business going strong. I chose this strategy because I learned in all of my finance classes that a dollar today is worth more than a dollar tomorrow and I could invest and make a lot more money. I think I came into my idea because I believed I could make money with it and it is a service I personally would use. My exit strategy didn't effect any of my plans for the business.
Hey William, I definitely agree with you that a dollar today is worth more than a dollar tomorrow. Selling your business for the greatest profit possible, seems like a good strategy if you ultimately want to use that money to invest in future ventures and idea. Your strategy of selling your business affects your plans for your business, since now you have to make decisions based on the business best interested in order for it to be successful enough that investors will be willing to pay a desirable price for it. I personally decided I would own my business until I retire. Here is the link to “My Exit Strategy”: http://susanamorales0129.blogspot.com/2016/04/my-exit-strategy.html
ReplyDeleteHi William,
ReplyDeleteThanks for sharing this post and your blog, I really enjoyed reading it. I like your view on money, and how you are concerned with investing and saving. However, I wish you would have elaborated a little more on your business plan. Besides that small detail, good job and keep up the good work! Here is the link to my blog, check it out when you can! http://ent3003nicole.blogspot.com/2016/04/my-exit-strategy.html
Hello, I think that that idea you have chosen is a good one. I myself also chose to do the same thing with my service business and I agree with your perspective on how money changes with time. In the near future who knows what a business might be worth. I also agree with the fact that I want someone who will keep the business going strong to run the company. Good job and don't forget to check out my post at http://markemiablogs.blogspot.com/2016/04/my-exit-strategy.html
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