My 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?

The exit strategy that I have identified with through the entire process has not changed.  I have always wanted to build the business, work in at long as I need to, slowly incorporating my children into the running of the business, with passing it down to them as the ultimate plan of succession.

2) Why have you selected this particular exit strategy?

This business has come from the love of things I love to do, and have shared with my family throughout their lives.  Being a family centered person, I would naturally want them to reap the benefits of business that they helped create.

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?

This exit strategy has effected in the business decisions that I have made.  They have influenced the type of growth that we are seeking.  Everything is for the long term, with sustained growth being the main focus.  Since we are not looking to sell the business for a profit, opportunities that are invested in have to create long term value.  I am not looking to mortgage the future for a short term gain in hopes of selling for a profit. I am looking to build consistent revenues that will keep the business flourishing.  This outlook will influence how I evaluate each future growth opportunity.