28A – Your Exit Strategy

28A – Your Exit Strategy

1) 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?

If the business takes off like projected than I will decide to stay with it and allow it to be the face of my life. I would hire people to manage the day to day operations but I think it would be optimal that I stay on with the company. I have no interest in passing the company down to children because I don’t want to limit the skill set offered by outside talent around the world. I think having a diverse talent group will really help the business reach new levels and be competitive in the market. The business will stay in my name and if in the event that something happens to me, my husband and or business parted will gain control. If after my husband then yes, my children will gain control with specific restrictions and requirements. 

2) Why have you selected this particular exit strategy?

I want to make sure that my business can grow properly and be the voice of anyone who still needs it. I fear that if I leave my business to strictly family that will cause a lot of restrictions. I also want to stay a part of the business because I feel that I’d always be able to ensure the goals of the company don’t get misguided. That has always been my biggest frustration when dealing with companies. When companies are really great and offer amazing products and services but then they lose their way and forget their values that the company was built on.Companies become focused on the money snd less on the customer experience and that is what I want to avoid. 

3) 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?

Honestly, I think I’ve always had this one piece of the puzzle figured out. I knew that what ever I did decided to do, id stick with it and make sure it shares my values as a customer. Never forgetting the customers point of view is very important. I also love teaching and educating so I feel very connected with this business plan and that’s why I’d want to stay on for the longevity. It would be my dream job and there is so much opportunity to grow with the company and thats all I want. I want to grow myself and afford the opportunity for others to grow as well. If I could offer the service free I would but unfortunately in the business world that doesn’t work very well, haha.