28A – Your Exit Strategy
Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children? Depends, I’m not one to plan far into the future (see failure post “go with ebb and flow”) so I cannot definitively state what I would do down the line with my company. It would really depend on if it’s still making consistent revenue or if we’ve hit a plateau. Definitely not a family business, not planning on children plus everyone can make their own way, I’ll sell to you though ;) Why have you selected this particular exit strategy? Because I really don’t plan for the future and I don’t want children. I'm going to try to get through college first. How do you think your exit strategy has influenced the other decisions you've made in your conc...