Your Exit Strategy

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?

I'm going to set goals for myself as well as for the business. I'm going to establish a value for the business. I guard my business as well as its value. I will write it all down. I'll plan my personal wealth as well as estate. I'll plan for my life after the business. I'll probably do a business transfer, possibly to a family member or maybe not. 

2) Why have you selected this particular exit strategy?

Because it seems realistic, and I don't wan to wait until it's too late. It's so I can plan for disaster as well. Succession planning will be necessary. With the business transfer type exit strategy, I can transfer the business without issues. 

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?

It has not influenced how I identified an opportunity. But now it has influenced my decision on how I will make future business plans.