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28- exit strategy

To be honest, I don’t think this is a question I can answer without seeing what happens. There’s no way to know a business’s success until you see how the market reacts. If I see a plateau in the business and the work I put in isn’t justified by my return, I will try to sell it. If it gets incredible yet sustained growth, I’d love to pass it down, as long as that is what my children were interested in, but I also might sell it. I don’t even know if I will have kids at this point; I have no way of answering that question without the facts.


That being said, this mentality will influence all of my decisions. If my business started sinking, my idea of an opportunity will narrow, and if it succeeds I will broaden my idea of one. The more resources, experience and success I glean will determine what happens next.

Comments

  1. UnknownDecember 3, 2017 at 11:44 AM

    Hello,

    Great job with your post. I totally agree wit you when it comes to wanting to step back and see what happens before deciding what to do with your business. Based on projections I personally decided that I would want to sell my business but only because I would want another challenge. Mainly because I am a person who loves change. Your idea looked very promising and I hope that you can bring it to life soon!

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