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?
After I receive the funds for the playground built for children with autism, we would look into expansion. However, I think that eventually, I would find someone else to run the non-profit. Whether it is a family member, organization or company. I would want someone to take it even further than I did.
2) Why have you selected this particular exit strategy?
I selected this exit strategy because I think it is important to get a fresh perspective for any type of business and I would hope the best for my non-profit.
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 that my exit strategy encourages me to make my non-profit the best it can be before I do pass it to another person. It influenced me to find the opportunity that someone could give a fresh perspective on the company. I would have to build the non-profit up enough to receive growth from another person.
Hi, I really enjoyed reading about your book analysis. I did my post on the same one and found your insight very interesting. I think your exercise is super interesting and similar to the one I chose. Really good job on this.
ReplyDeleteGreat exit strategy. We all have our different businesses and ways to carry on with them and i find this to be ideal. I see that this is a no profit organization so I am guessing you wont really be making money but good idea to pass it on later down the road.
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