Assignment 28A- Your exit strategy

• Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children?
• My plan on how to exit this business is to stay with it for a couple decades, while branching out into other areas, and then eventually retiring. When I do retire I plan on selling the company to either a company I have created strong ties with or an individual I fully trust to run it the way I would run it.
• Why have you selected this particular exit strategy?
• I decided on this strategy because I want to continue to help and watch this business grow and develop into the business I imagined it to be. I also decided on this because the thought of some faceless and money hungry individual or group of individuals controlling the company makes me uneasy. In order to make sure this doesn't happen I plan on staying for a long time.
• How do you think your exit strategy has influenced the other decisions you've made in your concept? For instance, has it influenced how you have identified an opportunity? Has it influenced your growth intentions or how you plan to acquire and use resources?   
• I think the biggest influence it made on my decisions is the in the way I set up my business. I planned on it to be a starting point that helps to grow other ventures and for it to be a constant in my business plans. I never thought I would sell the business after a few years or when it became really popular. I always thought of it as a personal experience that I should be a part of and this lead me to handle the details and structure of the business in different ways than I would have handled it had I even thought about selling it before I retired.
• In the end the main reason I picked this strategy is that I don't trust anyone else to run the business the way I would want it to be run. For this reason I feel the need to stay involved in the company for many years until I can find someone that can and will run the company the way I would want it to be run.