Thursday, November 21, 2019
Assignment 28
I believe that my personal exit strategy depends greatly on the success for failure of the company while it exists and grows. Personally, if the company is still showing massive improvement in 5 years, as it rapidly expands and develops I believe that I would be much more unlikely to sell the company that if I were to grow it quickly in 3 years and then have it either sit or grow slowly during the next two. For this reason I believe that my strategy would be dependent of the relative success and current growth rate if the company in 5-7 years. Although after having it for a long time, I am certain I would begin to catch feelings for the company, it would make economic profit scene to sell it one it begins to peak and level off, if the offering price is good and if the company would be in good hands after I leave the company. I would like to ensure the ideals upon which the company were founded stay after I am gone, regardless of the price it is sold for. I am selecting selling the company after many years because it is the option that would bring in the most profit and help support my family. This exit strategy has affected my outlook because it is one way in which I could easily and quantifiably measure the success of the company. I would use this money to invest in the future of my family and also buy a boat.
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ReplyDeleteHello Nick,
ReplyDeleteI agree with your outlook in the future. It is a good idea to remain in an business that is making a good profit and exit once negative profits are made. However, even if you do make profit in the far future, you can still be better off selling and devote your time to perhaps more profitable careers. My business plan lies similarly to your plan, however, it seems that my venture does not have a long window to remain profitable.