1. After running my business for a few years, growing it to be a leading shoe cleaning brand, I intend to sell it. This is after I feel like I have done all I can with the business. I would want to creatively and almost physically drain myself by giving the business my all. When I feel I have nothing left to offer I would be more than happy to sell. I would hope for a very large return, large enough that I could start a new business venture or invest in a start-up.
2. I feel like this is my best strategy because I like to do many things. My only interest is not in the shoe industry. I am interested in starting many businesses and I believe selling the company would give me a lot of capital to do more things. Also, I believe staying with one company for so long would make me feel stagnated. Getting fresh blood into the business would only help that venture more, and if you love something you have to let it go.
3. I think I have always had this exit strategy in mind when creating the business. I think it would actually help me give more effort into the company, as I know I will eventually leave, I will want to give it everything I have when I can. Also, I believe it will help me stay open to new ideas and new connections while running the business, which in turn could be an idea or connection that helps the business grow.
Hi Garrett, you did a great job coming up with your exit strategy! I think that this is great strategy being that you would like to start many other business ventures. Selling your company for hopefully a large profit will help you to create these new businesses. I also agree that it will help you put your all in your company and continue to successfully grow your business ventures.
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