Your Exit Strategy - 28A

1. My exit strategy involves growing my fledgling business to effective maturity, tying up all loose ends as far as regulation and taxes goes, and then assessing current business worth. If I find that my business is worth more kept rather than liquidated or sold, I will continue to grow the business and look for additional outlets to success. In that regard, I can see myself holding on to my business for 5+ years.

2. I have selected this strategy because I know that I am probably the only person in my current and future family with this particular business interest. I would not want to pass on my business to my children because it takes a special person to grow such as business. As a result, I would rather leave an inheritance to my children to do with as they see fit.

3. My exit strategy revolves around the intention to grow the business to a certain degree, after which I will liquidate and move my resources to another business venture of my choosing. This idea will enable me to pursue my additional goals in life and ensure that I manage my finances in the best possible manner. 

Comments

Popular posts from this blog

Reading Reflection #3 - 27A