Assignment 28A-Exit Strategy

Exit Strategy

- I do intend to continue to grow my business for many decades and then eventually retire. I am interested in furthering my business and making it the best that I can be. I want to be in control of that, I do not want to sell it to someone new, so that they can make it better. 

- The reason that I have decided to stick with my business is because,I believe that people will continue to need the service that I am offering for many years to comes. I want to be involved in the growing of my business. 

- I think that this exit strategy has influenced some of the decisions that I have made when it comes to my business. After thinking about it, I have decided to stick with my business for many decades, so this has made me only want to expand my business and make it better in the years to come. 

Comments

  1. Celinda MillandApril 20, 2020 at 8:39 AM

    Hey Taylor!

    I really like the loyalty you have to your business concept! I also do not want to pass mine on to another, but out of fear of it being put into the wrong hands. I feel that since the core concept behind all of our ventures are to help solve people's problems, we should only have those who care about the problem itself be in charge. If a money hungry person were to take over, they might completely destroy the mission behind the organization!

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  2. Carlton KemperApril 20, 2020 at 9:18 AM

    Hi Taylor. I think it’s great you’ve decided to keep your business within your portfolio not just as a revenue producer, but also ownership. A first business they say is some what like a first-born child. Because of the experience in growth from novice to professional business owner you feel a close connection. You would have watch it grow, go through doubts of if you would be successful in the endeavor and then poof, it’s off and running creating maximum returns on your investment. Real Estate is my baby. And while I most likely will create other business, I feel just as strongly about keeping it in my family’s name. Kudo’s to you.

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