- My exit strategy for my business would be working with my program for maybe 5-10 years and really get it up and running, then have trusted and longtime employees put into a place or more responsibility so that I would have the opportunity just to go around to all the different motels We’ve partnered with and see how the service is running. I would like to do eventually wind up more in the traveling and human resources area to be able to still talk to and meet different people that my program is impacting. Due to this exit strategy, I will still hold some company authority, but not all of it. I want to see where it can go and how other people with similar opinions can grow it, so I’m not sure that I would make it something to only be passed down to family.
- I’ve selected this particular exit strategy because it leaves me open to other possibilities, but I can still be in a positions where I can see my program grow and flourish. I like to be active in a good amount of different things at once and I love traveling, so this is the perfect way to do both.
- I don’t think my exit strategy has influenced my concept at all because I’ve tried to be really careful about thinking objectively as far as my concept goes. For example, if I were to talk about something the owner/head person would do, I don’t necessarily think of it as me doing it. Ideally I would just think the job could be completed by either the person or team that can accomplish the task best.
Friday, July 27, 2018
Your Exit Strategy
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Great post Chloe, I could not agree more with your decision regarding your future plans for your company, I think it is the ideal choice. It is pretty obvious how much you care about your product and it’s potential, so when you talked about working hard to make your product successful for 5-10 years, and then taking a secondary role so you could admire your products success and see the results, I believe this is the best route for you to go on in the future.
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