Wednesday, April 6, 2016

My Exit Strategy

This assignment is very challenging for me because I don't take my business idea seriously. I like my idea, and think it has potential to go far. But I have no desire to be an entrepreneur. I have no desire in opening a business or starting a company. So I can't honestly think of a true exit strategy for me or my company. 
I would probably sell it though. I still don't even have a full idea of how the business would run or work, so it's difficult to explain who I'd want to sell it to or when. I would probably sell it when I got bored of it I suppose.
I would choose to sell it because it's not something I'd want to keep in the family and I don't even like the idea of passing down a company to your kids because I want my kids to pursue their own dreams and interests. 

3 comments:

  1. Rachel, I see where you're coming from. Entrepreneurship isn't for everyone. The only way I'd keep a company I wasn't interested in is if it was mostly automated and took little work and made lots of money. I also agree that you shouldn't force a business on your children. Life's too short to not do what you're passionate about! I like the spongebob picture. Check out my post:
    http://keifermcclainent3003.blogspot.com/2016/03/my-exit-strategy.html

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  2. Rachel, I identify with you. The challenging part about this class is when I came up with my venture I didn't realize that we would have to go into this much detail for what I thought was just an idea for a business. Like you, I don't see myself starting a business or a company. Selling the company is a good idea though. Check out my post: http://isabellaruggeri.blogspot.com/2016/04/my-exit-strategy.html

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  3. First of all, I love the picture haha. I started this course with a similar mindset, but I actually had the opposite outcome, now I actually want to start my own business, at least for a little while. I hope you find something that you do want to do, and hopefully this class served some purpose for what you do desire. Here's mine: http://lfrancie.blogspot.com/2016/04/exit-strategy.html

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