1.) My exit strategy would be starting my company up and then passing it to someone in the family then retire.
2.) I selected my particular exit strategy because this business idea is something I’ve had for a long time and believe it can keep me a good stable life. Eventually, I would want to retire and hand off the company to someone in my family who I believe it can take it to another level.
3.) I don’t think thinking about my exit strategy has really changed anything that I plan to do for my business. I want it to grow to it’s main few stores then come up with multiple product lines. For instance, fresh jams at the supermarket and then compete with the Uncrustable by making ready to go frozen peanut butter and jelly with many different flavors, unlike Uncrustables. So, I believe handing down at some point to a family member that can help it grow.
Hey Cameron!
ReplyDeleteI think it's great that you want to pass your company down through the future generations of your family. The passion that you hold toward this business venture is evident through the care and detail that you have put into the assignments for this class. I also love the idea of your product competing with Uncrustbles in the future; I think there is a lot that you can do with that idea. Great job on this post!
Cameron, I like the idea of your business being passed down to your family, especially since its something you have been thinking about for a long time. Many of us have just come up with a opportunity since beginning this class so I can see why you would want to keep yours in the family.I also love your idea of branching out and getting into grocery stores.
ReplyDeleteHi Cameron! I admire that you want to keep the business in your family. I can tell that you are really passionate about your business idea, and that is what is going to make it so successful! I think it could easily become your career and easy to pass it along to someone in your family. This was the complete opposite plan that I had, which I find interesting. My plan is to sell the idea as soon as I could.
ReplyDeleteCameron,
ReplyDeleteI enjoyed reading and learning about what you think your best move for an exit is. It seems that you have it all planned out that when someone is old enough, you can pass the business down to them resulting in you retiring. It seems that you are very passionate about your idea and want to keep it within the family which is very respectable. Nice job on this post.