2) I have selected this particular exit strategy given the fact that I know I intend to move a lot for my career in the next coming years. Thus, it would make sense for me to sell the business in order for me to have mobility and flexibility going forward.
3) I think my exit strategy has influenced my decisions in this course given the fact that I have thought ahead for the most part when given the chance to exhibit an entrepreneurial spirit. Throughout this proactivity, I have indeed learned how to identify opportunities more quickly now. It has allowed for me to better understand how resources are crucial to a business operation.
Patrick,
ReplyDeleteYou have proposed a very feasible exit strategy! I considered doing this with my own venture, however, I put into perspective the fact that my business venture had the potential to grow incredibly large-scale and highly profitable on its own. I also wished to pass this business down my family lineage, as it has been a tradition in my family to do so for many years now. However, selling and re-investing in other business endeavors is very common and highly successful, which is why it would make sense that you'd be interested in this exit approach. I applaud your entrepreneurial mindset for thinking about the future in an economically smart way!