28A – Your Exit Strategy
My exit strategy as of now is to keep my company and make it
grow. In the future I can see potential in selling my company after I have
exploited all of its resources.
I have chosen this specific exit strategy because I think in
the short term my idea can benefit me financially but in the long run I would
like to move on to different ideas that I would like to introduce to the world.
In my opinion the way that my exit strategy influenced my decision
throughout this journey is by me trying to make my idea very presentable. I was
and still am trying to make my idea concept in appealing as possible. By creating
a company that will talk to most people around the world I will increase my
chances of selling my business in the future for the best price I could possibly
imagine.
Hi Uri. I can see how the strategy of keeping the business long term and growing it would lead you to be focused on how you present the concept. You said that you would like to introduce other new ideas to the world. It sounds like you may really have the entrepreneurial spirit. I think your idea of growing the company globally not only to increase market but to increase your future acquisition price was novel.
ReplyDeleteHi Uri,
ReplyDeleteYour exit strategy sounds very reasonable. Entrepreneurship is a process that involves adapting to the environment and also learning how to do things better. It’s completely fine to have more than one business idea and develop them. In fact, it may be better to diversify after a while. I wish you good luck on your future ideas.
Uri, Your idea was very similar to my own in the fact that I would stick with it to enhance my finances short term and then sell it when I have gotten all that I can get out of it. It’s great how you are building your network through the process so that you will be easily able to sell the business.
ReplyDelete