28A – Your Exit Strategy
1) As an exit strategy for Speech Bubble, I plan to grow and protect the venture as a family business so it can be passed down to my children in the future.
2) I have selected this strategy as I would like to see the fruit of my work grow and expand over the years. I have always dreamed and seeing something that I was able to star myself, grow into something meaningful that would help other people. For this reason, I believe this exit strategy is the most appropriate one for this plan come to pass.
3) This exit strategy has not changed my plans for this business, this exit strategy has been the same since the start of it. The plans to acquire and use resources have been the same since the beginning. Financially, I will use personal servings for the first investment on this business idea, on the technical part, I will use technical knowledge that I have acquired over the years to start building this mobile and web application myself.
2) I have selected this strategy as I would like to see the fruit of my work grow and expand over the years. I have always dreamed and seeing something that I was able to star myself, grow into something meaningful that would help other people. For this reason, I believe this exit strategy is the most appropriate one for this plan come to pass.
3) This exit strategy has not changed my plans for this business, this exit strategy has been the same since the start of it. The plans to acquire and use resources have been the same since the beginning. Financially, I will use personal servings for the first investment on this business idea, on the technical part, I will use technical knowledge that I have acquired over the years to start building this mobile and web application myself.
Hi Arthur,
ReplyDeleteI think your exit strategy is fantastic. Protection of our family's future is so important in this day in age. I want to pass down my businesses to my kids in the future as well. Our son already runs one of the businesses with my wife and I hope he decides to stay with it. If not, that's ok too as long he is doing something he really enjoys and if he changes his mind he can always re-evaluate things and take things over late.
Hi Arthur,
ReplyDeleteI think you have a pretty solid exit strategy. I really like how you already know that you want to pass your business down to your kids. I think this is a good idea because even after you retire you can still be a part of the business. Also since you know that you want it to stay in the family you might have more of a motivation to make sure everything is set up perfectly for your child to take over.
Hi Arthur,
ReplyDeleteLeaving the business within the family, and especially to our kids, it is an excellent decision. As parent, we use to think and work for our children’s future. Nowadays, we have more resources to do it! We have more information and are aware of any consequences. Having the venture as family business is the best strategy, between improvements and financial security for you and your loved ones. Great exit strategy!