Friday, November 30, 2018
Exit Strategy
I think the best course of action for an exit strategy would be to sell the business in the future. As an entrepreneur, you're always looking for new things to do and new things to begin. Even if there would be some attachment to my first real go at creating something, it would be in my best interest to not have to keep focusing on it down the road and be able to start something new. Because I plan on selling it I can look at things in a more short-term point of view, since I won't be there in the long-term.
Subscribe to:
Post Comments (Atom)
Shaun, you make a good point of entrepreneurship being something that is changing and creating new things. I think you should really think about this though because you should always have that insurance that if your business does take off once you sell it, you should have some kind of tie to it one way or another. I decided to have royalties if I were to sell the company, but there are other ways too, like I said look into it you can sell it for cash and still get some say or money after you sell it.
ReplyDelete