I've selected this particular strategy because I believe this venture's value is going to stay stable. Even if students are satisfied with all the other restaurants on-campus, mine would be different in the same that it hosts and promotes restaurants that people don't know about. I, thus, don't want to stop operating my restaurant, but instead I could constantly improve it and eventually to transform it into something else.
My exit strategy has influenced me on how I have identified opportunities, since I am planning on seizing any opportunities that come in the future. My goal for now is to raise awareness on how to eat healthy by providing the appropriate resources to students. In the future, however, I would like to contribute into the food industry and maybe use some of the profits from my business to research that I'm planning on conducting.
Hi, it seems you have given your exit strategy some great thought. I would also like to sell my business venture after 5 years to someone who shares similar skills and values as myself. I enjoyed that you even took it one step further in saying you would take the money you earned from selling your business and invest it on research. Check mine out at http://palombiblogs.blogspot.com/2016/04/my-exit-strategy.html
ReplyDeleteI agree with the way you approach your exit strategy and feel it is similar to what I would do. I think it's important to set the next owners up for success and make sure we're leaving them with a great business. Because of my prior goals, my business is a side interest that I would ultimately like to sell once it is ready. Here is the link to my post if you're interested: http://rachelcmead.blogspot.com/2016/04/my-exit-strategy-rachel-mead.html
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