28A - Your Exit Strategy

28A - Your Exit Strategy

Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children?

My exit strategy would probably consist of me leaving the business behind to tackle more venturous fields. If I was able to start a business with a large return, or even make this business sell for a large return, I'd do it. My intentions with this business were entirely to solve a problem in the world. As nice as it is to help people and make a difference, my passion is elsewhere.

Why have you selected this particular exit strategy?

I selected this strategy because I my passions don't coincide with the business. My biggest dream would be to be financially stable and be able to write/record music full time. Whether that's with a large amount of wealth from a business, or just by being able to make a salary from it.

How do you think your exit strategy has influenced the other decisions you've made in your concept? For instance, has it influenced how you have identified an opportunity? Has it influenced your growth intentions or how you plan to acquire and use resources?

I would say that my exit strategy definitely shows that this was a temporary feat. I saw this opportunity as a moment to fix society and fix a problem in my hometown. This would only be the beginning for me. I'm a firm believer of being in flow and having a passion for something you love. That idea of self fulfillment is very intriguing, and I'd love to explore it past this firm.