I intend to stay with my business for the next several decades and
continue to grow the company until I have made enough money to retire.
I have selected this exit
strategy because I believe solar energy will have more appeal in the upcoming
future than ever before. The environment is in dire need of an alternative to
fossil fuels and solar energy fits that bill. Taking advantage of predicting
this trend so early in the process is why I believe my business will be successful
for years to come. I understand that my idea may not blow up right away, which
is why I am prepared to play the long game until my business hits its peak.
This is why staying with this business for the next few decades are the best
route for me to take and the most profitable decision for my business idea.
I believe my exit strategy
has influenced the other decisions I have made by not feeling like I need to be
profitable right away. It is important for me to get all the information
necessary to make my business a success before it takes off so when it does it
has a higher chance to reach its full potential. I’m prepared to start as a
local company and expand from that because of my exit strategy. On the other
hand, if I wanted to sell my company in the next 5-10 years I would have to go
all-in acquiring resources in order to make profits right away. My exit strategy
allows me more flexibility and relieves a lot of the pressure that would come
with my other options.
Hey James! I agree with your exit strategy just because I do believe that solar energy is not going anywhere no time soon. In order for it to be profitable and for you to enjoy it overtime I think don't take it too seriously in the sense of strict but have fun since you do not want to have pressure. I can see this happening in the near future for sure. Good Job.
ReplyDeleteHi James! I do like your exit strategy because you want to see it fully be at its full potential and when you are good and ready to leave it and retire from it. It is a smart idea since you are the one putting all the time and effort into it and you want it to flourish for the future.
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