I think I would eventually sell this business. I would not want to keep it in my family because I'm not sure I would want to stay in the Gainesville area. I would hope to sell this business to someone outside of my family and immediate connections for a large return, and therefore, leave the Gainesville area.
I think that this will give me the most return and will allow the business to continue to grow, thrive, and expand elsewhere if circumstance allows.
I think this exit strategy influences how my resources are acquired and used. Furthermore, I believe that this also influences what I believe comes next for my business. My hopes of expanding to non-GMO and organic products and then expanding to a larger target market (outside of just students) would be all the more possible after the business is sold.
Hey Emily,
ReplyDeleteGreat job, I also choose to sell my business. We college students don't like to get bogged down for too long on a project. Lets sell and make money. One suggestion would be to briefly describe what your company is so I know why you're selling it. Here is a link to my post on this: http://kevinleddysblog.blogspot.com/2016/04/my-exit-strategy.html
Hello there Emily! Great job on this assignment!
ReplyDeleteI can see your point in your exit strategy, most people don't want to stay in their college town for too long, specially after we graduate and hopefully get a job. In my case, I would want to sell my business because my end goal requires a whole lot of money, and expanding to more profitable markets and areas is necessary. If you are ever bored, you can read my post! (there is a funny picture of Elon Musk on it) http://gcwindow.blogspot.com/2016/04/my-exit-strategy.html
Take care.