1) 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?
If I am offered the right amount I will sell my idea. This is all dependent on the success of the business though.
2) Why have you selected this particular exit strategy?
I have selected this because it allows me to stay open to different options.
3) 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 think that my exit strategy hasn't affected much because having an open mindset is good for fostering innovation.
No comments:
Post a Comment