1) After an unspecified time frame I would hope to sell my business to a larger company for a decent return. I feel like if i've put all my time and effort into a business for multiple years that I will have achieved what I planned on and will be ready to move on to the next venture. This way I will have put in the time in all aspects of the business so that I will have the experience behind me for any future endeavors.
2) I chose this exit strategy because it still allows me to reap the benefits from my business while I move on to the next venture. I will have left in good graces with all coworkers and business partners so that my social network will still be intact. All networking connections are so important to have because you never know when you might need assistance in other areas.
3) I feel like my exit strategy has influenced the decisions i've made in my concept because I wanted to create a business that can be the best it can be. By selling the business I will have done everything in my power with the resources I have to create the best possible opportunity. The opportunity that I set out to enhance will have been done and there are several other opportunities waiting to be explored. Selling a business after years of running it will show the growth that I have made over the years and the intentions for the future. The ability to acquire resources is a huge part of being a successful entrepreneur and leaving in good graces guarantees that the resources I had previously used will still be intact for future use.
I think you have a great idea for your exit strategy. I kind of had the same idea with mine as well. Selling a business that you created from the ground up can be bitter sweet. While its upsetting to lose something you started, it can be very rewarding to feel able to pass something on move on to the next adventure of your own life. Great work!
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