Your Exit Strategy

1) 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?

I intend to sell the business to someone that allows someone to manage the service but where I can serve as interim partner and then receive a revenue from a revenue agreement. I would receive a percentage of the revenue from the accounts that are open from the company. 

2) Why have you selected this particular exit strategy?

I have selected this exit strategy because it allows me to leave the business in a shorter amount of time so that I do not have a higher risk of losing money. It also allows me to leave the business and still be confident that I will have a return secure enough to be able to pursue other ventures and profit on the business. If I do not secure the royalty style revenue, then I may sell the business and not end up profiting in the long run, compared to if I had kept it. I also think my expertise will help in projecting confidence to the clients, so I want to stay with the business from a management perspective. This brings confidence to the buyers of the business that the value of the business will be maintained. I also will be rewarded in this way for the management work I am doing.

3) 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 because I am selling the business it limits how much I want to grow it. Knowing that I will sell it and stay on in a managerial role made me want to improve the value of those relationships and has made me want to maintain this strong relationship. I think the exit strategy has made not influenced the identification of opportunities, because the pursuit of new accounts would come regardless of the exit strategy. It affects how I enter a venture and therefore makes me more alert for opportunities that have easier exit strategies.