Exit Strategy
1. When I exit my business I would sell my company to someone mro devoted to the work. I would still have some say to what can and will come out from the company but most of that will come from the new team and owner.
2. I've selected this exit strategy because I can't see myself going through with it to the end. The company's idea was created in a rush so I wasn't able to lay down a lot of groundwork nor did I have much as a passion to pave that groundwork. This exit strategy will allow me to leave the business and have someone else who shows more passion than I do for it. I'll still be able to oversee the company but I won't have the majority word for what comes out.
3. This exit strategy has largely influenced the growth in my company and has made me make rash decisions into what I would make and what I would add to something to whatever I was in progress with. This exit is like my blind spot that I'm not willing to work around or with. This is why I would rather have someone more passionate than I am about the company to run it so they'll make the better decisions that I ever could have.
Hello Joseph. I really think you’ve come up with a sold exit strategy for your business. Selling my company to someone while still keeping some kind of power was an option I heavily considered. But unlike you, I wanted to see my company through till the end. I can understand why you chose this kind of strategy. I think in those cases, being able to pass this on to someone more passionate would be the best decision for both you and the company.
ReplyDeleteCheck out my post:
http://jent3003.blogspot.com/2016/04/my-exit-strategy.html
Hello Joseph,
ReplyDeleteGreat job on your exit strategy for your business. If you sell your company to someone and remain part of the decision making still, it just simply means why would you sell it then if you're going to do that? I get where your mindset is though for that. If you are truely passionate about something, do it or keep to it.