The exit strategy that I plan to make is to perfect this refereeing service and run it for decades. Once it is perfected to my standards and is utilized throughout various sports leagues. Once this happens, I will sell the company and retire. Hopefully, I will have made enough money for my family and I to live comfortably for the rest of our lives.
2) Why have you selected this particular exit strategy?
The reason that I selected this particular strategy is so that I can take pride in my company. If I sell the company early in its life, I will not feel the same pride I would feel if I ride with the company for awhile. This way I also give myself time during my early retirement in order to spend quality time with my loved ones.
3) How do you think your exit strategy has influenced the other decisions you've made in your concept?
I think my exit strategy has had a positive influence on the decisions that I've made for this concept. I have put more thought and effort into each stage in order to increase my chances for success. If I had planned on selling the company early, I would not have to worry about the concept as much as somebody else would be doing most of this work.
I think it is awesome that you want to carry out your company for a while, in order to make the most out of your time spent. I however felt that I wanted to get my money back fast and sell quick. I feel that after enough experience I would get bored and want to explore more opportunity elsewhere. I think this makes my company less established and maybe worth less.
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