1. I
plan on expanding the business as much as possible in around 5 years. After
that, I would try to sell it at as high of a price as possible, while still
maintaining some stock in the company.
2. I
chose this exit strategy because as it stands I want to move on from this
business and into another one, either by starting it or by joining another
business. I want to continue to innovate in many different ways even after my
first venture.
3. My
exit strategy has definitely influenced how I planned out my venture in the
first place and how I spotted and grabbed my particular opportunity. From the beginning,
I was always interested in minimizing cost and maximizing potential for growth
and profits. I wanted to benefit and move on from my initial venture plan.
Hey Alan. I think selling the business and making sure to keep stock in the company would be a wise move. I can imagine that the transactions that you'll have with buyers will always be negotiated down to the T, but keeping stock is very important so that way you can keep a level of influence in the business' direction. In this way, you can stay involved from your ideas in the past and make enough to invest in your other ideas that you'll harvest down the road.
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