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?
I'd plan to continue with the business, because i would really feel proud of myself if my businessyears 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?
has grown a lot. Also, I believe in organic growing because it's more sustainable and I want to create
a family-like connection with my employees. Also, if the feedback is good, I could expand to other kind
of rental such as fancy dresses and summer/swim/beach clothes.
Why have you selected this particular exit strategy?
I choose to not sell the business because i believe in the needs of my business.
I don't want anyone to change the business system or objectives.
Also, I would feel connected with my employees, and it would be such a difficult decision
if i have to sell it.
I choose to not sell the business because i believe in the needs of my business.
I don't want anyone to change the business system or objectives.
Also, I would feel connected with my employees, and it would be such a difficult decision
if i have to sell it.
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?
As i already said, I want my company to grow organically; we might grow slower but the most important point is our stakeholders. I want my employees to be happy and make customers satisfied. If I have expanded a lot but not being able to keep in touch with m customers or hear their feedbacks, I would rather run a smaller business that is connected to customers.
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?
As i already said, I want my company to grow organically; we might grow slower but the most important point is our stakeholders. I want my employees to be happy and make customers satisfied. If I have expanded a lot but not being able to keep in touch with m customers or hear their feedbacks, I would rather run a smaller business that is connected to customers.
Hi Bay,
ReplyDeleteI like that you want to continue with your business. I looked at mine as a business but not something that I am passionate in doing for the long term. I love that your reason to stay is because you are passionate about what your business will be doing.