2) Another reason why is because my company can turn really fast as well. There are people out there that can also be thinking of the next big thing for transportation. Years to come there can be bigger and better things so I feel it would be safest to say to get out and make a profit while I can't.
3) I wouldn't say it influenced my decision making or other decisions I have made because I would only sell my company if the price was right. Everything that I did or made a decision about I did for the long run. I would sell my business for the right price and at the right time. Sometimes you can sell your company and still keep a certain percentage. It has influenced my growth intentions because the bigger my company is the more money I could get or even keep.
Hey, I was also thinking about selling my business and investing in something different. It is good to have new challenges and it would be more fun to get into something new with the experience gained from the old venture. Like you said, when the time is right, it would be nice to make money off something, you made from the scratch.
ReplyDeleteCheck out my post at http://janswitkowski.blogspot.com/2016/04/my-exit-strategy.html
Hey,
ReplyDeleteI like that you want to sell your business for a profit! I like that you said you would sell for the right price at the right time, instead of selling for the first offer you got. Smart move. I never really thought of doing this, as my idea would be more like a family business. This is especially a good idea since you want to open more businesses with that money. Great Job and keep up the good work! If you would like, check out my post:http://ament3003.blogspot.com/2016/04/my-exit-strategy.html
Hey K.,
ReplyDeleteI think it's great that you recognize the profit potential of your business, and I think that your company has potential for a large return due to its relevance to the transportation industry. It's also good that you recognize the importance of waiting for the proper price, and make sure that you don't try to sell your business too early. Also, make sure that you maximize the profit potential that you can make on your investment chains. The fact that you have ideas for different sources of revenue shows that you have a lot of promise as an entrepreneur. Good luck, and here's a link to my blog post so that you can check out my exit strategy.
http://camcoop8.blogspot.com/2016/04/my-exit-strategy.html
Hi Keith! Great post! Also the picture is really cool here. I think it would be a great opportunity to try to sell the business for a large profit to then invest in other new businesses. You could turn into a serial entrepreneur! Here is the link to my blog. Feel free to check it out! http://thereseverything.blogspot.com
ReplyDeleteHi Keith,
ReplyDeleteI really enjoyed your post. The reasoning behind your exit strategy seems very well-thought out and a mature business decision. I can relate especially when you mentioned where the business can turn. The market is always rapidly changing and it is up to us to be able to make some big decisions in order to keep up with it, and some big decisions entail the sale of a business. Feel free to check out the link to my page!
http://entgrod.blogspot.com/2016/04/my-exit-strategy.html
Hello Keith! This was a really good post! I also enjoyed your picture, coming from someone who has went skydiving, it is definitely an exciting exit strategy to have. But your business ventures would be similar! Taking the leap of faith and making sure that your company would be run the right way and remain successful.Good luck the rest of the semester and I hope you learned a lot in this class! You should also go on and check out my post about My Exit Strategy at http://jakesentrepreneurshipuf.blogspot.com/2016/04/my-exit-strategy.html
ReplyDelete-Jake