1) I plan on staying with the business passing it on to the future generations of my family. It will remain in the family forever.
2) I selected this particular exit strategy because I have created something original and capable of evolving through the years. I want it to remain as a product created and run by me until i pass it on.
3) My exit strategy influences my decision i made to create the ULTIjack into being capable of improving and evolving as necessary. I have identified that through the years and the new demands of the market, the ULTIjack can change and meet the needs of everyone forever.
I would like to maintain my business until I retire as well. I will give my children the option to take the business or sell it only because my idea isn't as original as yours. I see why you would want it to carry on from generation to generation. Great work! Here's the link to mine: http://tonyclements90.blogspot.com/2016/04/my-exit-strategy.html
ReplyDeleteHey so I think its an interesting point wanting to pass on your business to future generations to keep it in the family. Personally I just put that I would sell mine after I built it up as much as possible and then I would keep either a small stock or get some sort of royalty off sales. Also your product does sound cool, if you wana check out my blog feel free to at http://derekdonahueentrepreneurship.blogspot.com/
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