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 intend on staying with the business for several decades until I cannot and retire. And as I retire, sell it off for a large return.
2) Why have you selected this particular exit strategy?
I selected this exit strategy because I love fashion and I want to continue staying in the field for as long as I can and continue designing clothes until I physically cannot or until I feel like I have found another younger individual to take over.
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?
My exit strategy has affected how I plan on using my resources to continue to create clothes; by staying in the industry as long as I can, I can continue to not only create connections but also strengthen relationships over the time I run the business venture. My exit strategy allows me to be creative and allows me to explore methods of expression through clothing and styling.
I think this is an interesting exit strategy for your business. It would be cool to see if it could develop into something that you would be able to pass down, but it definitely makes sense that you would want to profit off of selling it for a large return. If you decide to actually start this type of business it would be cool to see how this class has really helped! Nice job.
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