1. For my exit strategy, if all goes well I do intend to sell my business for a large share. With this money I will save and invest into properties in several locations around the world. With the money I hopefully get from selling my business, I will once again invest it properly so that I know I have steady income coming in every month, as well as save some of that money to ensure I can sustain myself and retire at ease.
2. I have selected this particular strategy because I do not want to be tied to one thing in one place for the rest of my life. With what I get from the share, this will allow me to explore places I have always wanted to see, invest in real estate and other businesses that might serve me well in the long-run as well.
3. It has influenced me in terms of finding the right investors and partners that I know will help grow my business and help it accumulate more value over time. If you have the right business model and plan, along with the right team, then things should go relatively smooth for the most part, and the results in the long-run should be positive as well.
Hi Gracie!
ReplyDeleteI picked the same type of exit strategy for my venture. I had similar reasoning as to why I chose that as well. Just like you, I see myself being involved in other businesses so I can't see myself sticking to one venture. I really enjoyed reading your involvement in real estate. I think that super smart of you. Great work!
Hey Gracie,
ReplyDeleteI also picked this exit strategy. In these times, it's hard for small business to compete with larger corporations, especially with a product. Freedom to pursue other ventures while still having a say on your idea is a convincing outcome for selling a portion of the company. Great post!