Thursday, 26 July 2018
Exit Strategy 28A
I do not intend to sell my company within the next 5 years unless there are astronomical returns. I want to grow the company domestically and globally until i have developed enough cash flow to retire and move to a private island of the Amalfi coast, or live in Brussels, Belgium. But growth for the company is my main venture. I do not believe in quick turn and burn for the company once it sees a positive cash flow in the early life of the company.I do believe having my exit strategy has affected my business acumen and mindset in how I would run the company. As i mentioned before, I want to have low employee numbers early on, keep operating expenses low and loan costs low, until we have developed a mid-enterprise system where we can afford to increase employees, and operating expenses.
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Cody:
ReplyDeleteOf the other classmates that I reviewed their posts on exit strategy, you are the only business that is planning to hold onto their venture. Or at least I believe that is what you are saying. You did say that you do not plan to sell within five years, but I did not see an actual exit from the company in your post. I however plan to divest the company within approximately ten years.