Your Exit Strategy
When thinking about an exit strategy, I would most likely
sell most portions of the business and remain as a board member who would help
make decisions about the future of the company and step away from the daily
decision making.
I would want to make sure the customer/people would stay as
the number one priority while raising a profit and allowing those who are more knowledgeable
about the business’s needs. They will be able to make this company a long term
venture as the first project might take 3-5 years to plan and implement. Since
the time frames per project are longer than starting a restaurant or designing a
product, it will be important to bring in other subject matter experts.
I don’t believe this exit strategy has influenced the
decision to create this company but it has affected the way the business was
built. As the owner, I did not believe that my word is best, but tried to get
outside perspective to put the best service and product forward to our
customers. It has not influenced possible growth opportunities but hiring
passionate and knowledge people is important for any company.
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