2) I selected this exit strategy because it is risky to keep a business going when it is based on a short lived fad. I think that I would be able to make money quickly and then get out before it collapses.
3) My exit strategy has affected how I see opportunity because initially I was looking at only inventing things as opportunities. It has also affected the way I acquire resources and how the company is structured. It has made me want to create an environment around minimalism to keep expenses low.
Hi Christopher!
ReplyDeleteI think it’s very smart that you know your business idea is just a current trend or fad, so you want to sell the business. Holding onto it would be risky, so I definitely agree that selling it would probably be your best option. I also liked that you mentioned it was a short term opportunity and that you wanted to keep expenses low. Great job overall!
Here’s a link to my blog if you’re interested in checking out my post: http://michellekelleyuf.blogspot.it/2016/04/week-13-my-exit-strategy.html
Thanks for sharing!
Christopher,
ReplyDeleteGood to see that you have taken the time to look a head and realize your business venture is just a fad. The only thing I see is, since you know it's a fad, I'm sure potential buyers will realize that as well and might hurt the value. So, I definitely agree selling it is your best bet and the sooner the better.
Check out my post @ http://entwill3003.blogspot.com/2016/04/my-exit-strategy.html
Christopher,
ReplyDeleteI totally understand where you're coming from when you say that your business is based on a trend so it won't last forever. I am in a similar situation with my service, and would also sell mine after a few years. This post shows that you really understand your company and that you want what's best for it! Here is my blog post in case you wanted to check it out: http://shannoncea.blogspot.com/2016/04/my-exit-strategy.html