1) Identify the exit strategy you plan to make.
- I hope to stay with DailyDiagnostic until I am able to take a risk somewhere else. This means I am financially stable and feel like I have got the experience I needed throughout my time at DailyDiagnostic. This would most likely be within 5 years. Hopefully, the buyer of my business will have the same passion for health as I do and continue to represent the company well.
2) Why have you selected this particular exit strategy?
- I selected this strategy because, although it is something I am passionate about, it is definitely not something I would be wanting to do for the rest of my life. My ultimate goal would be to create my own brand in either fashion/beauty or open up my own boutique one day. However, I know that the butterfly effect is very prevelant and am open to any new opportunities.
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 don't think it has influenced my past decisions but from here on out it will definitely influence my thinking and actions. I will be more open to opportunities and the people I come across. I want to be able to say I put in my all to DailyDiagnostic until I feel like it will be better in the hands of another company/person.
Hey Grace,
ReplyDeleteYour exit strategy interest me greatly. I had a completely different mindset of handing the future business off to my children, if of course they wanted it. I like how you incorporated the reading assignment and you are now looking for further growth in the future. I think you did a great job explaining your plan and how you would like to grow in another field after your stated 5 years of existence with DailyDiagnostics. Great post!
Grace,
ReplyDeleteThis was a great post. You have obviously thought out your exit strategy very well and know exactly what you want to do. I found it interesting that you decided to leave your company early on. Most people, including myself, want to stay with our businesses for a long while and see it fully develop and expand. I do like that you are going to leave your company to go into another market. Great job.
Grace,
ReplyDeleteThe way you presented your exit strategy is one that i had not seen before! I like the way you mentioned the opportunity to take another risk. If you sell the company your ideals for the company should still be upheld after your gone, for that is my hope as well!