- My intention for my business is to grow it as much as possible over the next five years, and then sell it in order to gain capital for another business.
- This business concept is not something I could expand nationally on my own, and I think I can make a difference by building it up in the Gainesville community before turning it over to someone with more financial resources. I could then invest in something bigger, that I can hopefully keep growing with in the future.
- This plan has kept me focused when developing my business strategy. I want to grow quickly, but in a very specific direction. I don't want to expand to the point at which I am making a loss, because I don't want this to be a long term venture for me. I want to do the most good I can with the time I have, and focus on quality instead of quantity.
Tuesday, April 14, 2020
My exit strategy
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Hi Abby,
ReplyDeleteThis is a good exit strategy. Growing a business and then selling it for more capital and planning to start another one is a common strategy. Deciding which way to grow from the beginning and how you want to handle your venture is an amazing plan.