1) I plan to stay with my company for several years and hopefully expanding it to other markets around the state of Florida and maybe even around the country. I would definitely bring experienced business leaders on to my team to help me market my service effectively. Eventually, I'm sure this idea would become very successful and I would be approached by bigger investors who would want to buy my company in order to expand it further than I could. I would like to keep a decent stake in the company that I would be able to pass down to my family in the future.
2) I chose this exit strategy because I think I would be able to bring my service to other markets effectively with the help of experienced business professionals that are also passionate about this type of innovative service.
3) I haven't thought about my exit strategy until now, so it has not influenced other decisions I've made in my concept.
Meredith,
ReplyDeleteExpanding your company is a great idea. If you still have the passion for what you are doing and you truly enjoy it there is no reason to stop and put it in someone elses hands. I plan on selling my business and pursuing other things but I am glad that this has worked out for you and that you have a good exit strategy in place. Those that do not think about the future will not succeed.
Hey Meredith,
ReplyDeleteI think it is a smart move for you to stay with the company, with potential plans of expansion down the road. Especially since it is something you started from scratch and know more about it than anyone else. I also relate to not thinking about your exit strategy, because I was not thinking about it until having to do this assignment, so I think it helps to think long term like three, five, ten years down the line.