1. I intend to sell the company within a short time frame like 5 years. Although I can see myself embarking on multiple entrepreneurship ventures, I definitely don’t want this project to be my entire life. Selling the company will give me good experience and some capital to start a new, improved venture.
2. As
previously stated, I chose this option so that I can have some variety in my
life. Obviously if the company is projected to skyrocket I wouldn’t sell it,
but once we reach a peak, it likely makes the most fiscal sense to sell and
move on.
3. This exit
strategy has definitely influenced past decisions in the class for this
specific venture. To begin with, I stated that I would focus on business to
consumer selling because I never thought the company would get large enough to
the point where it would have enough inventory or desire to sell to an entire
business. However, I am sure there were other cases where knowing the company
was not long-term had an impact.
Hello Max,
ReplyDeleteI can see that you have a true entrepreneur’s soul. I say this because you are already thinking about how to use the capital you are going to get from the sale of your current business idea to fund a new and improved business venture somewhere along the next five years. Summarizing, I can see that you have pretty much all figure it out about what you are going to do depending of how your venture is faring at the moment. Good job!
Sincerely,
Javier Alfredo Felis Perez
Hi Max,
ReplyDeleteI think its cool that you envision keeping this company for a good amount of time and investing time and effort into building it up. I think your strategy will indeed give you some flexibility in your professional life. I think you made a good connection as to how it influenced your decisions and what those decisions looked like. I believe you have come up with a reasonable exit strategy for your opportunity.
Best,
Reed Blevins