1.
My exit strategy would be to sell my business to
a competitor like Magnaflow or Ark performance for a decent return. I realize the return would not be too great
because those companies could use the same money for their own research and development
of a variable exhaust system.
2.
I have selected this exit strategy because it is
not a business I would want to burden my family with and I think I would like
to get involved in other entrepreneurial ventures as well. As much as I love working with cars and
making them sound as good as possible, there are so many other possible ideas I
want to experiment with, which I could do with the return I get from selling
the exhaust system company.
3.
I think this desire to pursue other ventures has
definitely affected my growth intention.
I did not really want to create a business that dealt with a wide range
of car models, as I know it would be very difficult to continually be
innovating a quality product. The only
reason I talked about higher end growth was to fulfill the exercises for the
class, but in the real concept, I would keep my product line very small. With my current plan, I can design a few very
high quality systems, develop a name for myself, and then sell the company, in
which I had no invested a great deal.
Hi Jon,
ReplyDeleteI believe your exit strategy would be work well for your business, since experience would be key for the business that you have. In my exit strategy, I choose to closed it down after five years since it would be a business that can be open and close whenever necessary for the best of the business. The type of business varies the types of exit strategy. Here is the link to my exit strategy, http://jzent3003.blogspot.com/2016/04/my-exit-strategy.html, check it out if you have time.
I really enjoyed your post. I think you have an exit strategy the suits what you'd like to do with your life. I find it smart that you realize that it is difficult to create a business that has to deal with a wide range of products and I also find it smart that you would let your company go for a lower amount in order to fund new entrepreneurial ventures.
ReplyDeleteLink to my blog...
http://marcocraparottaent3003.blogspot.it/2016/04/my-exit-strategy-week-13.html