28A - My Exist Strategy

Strategy Strategy!

1) After doing extensive research and finalizing my marketing strategies, target marketing, and funding. My exist strategy is put all that research into reality. Intend to sell my business for as long as it demanded by my customers. Whether that be 1 year to 20 years. I am not too sure I will pass the business down to my family. Most likely, I will pass it down to  any business partners that are interested in continuing my business. 

2) I chose to put a time-frame on my business because I knew that my particular business is definitely contingent on the demand on my customers. If my customers no longer feel the need for my business, I think that I will terminate the particular business and pay more attention something that customers are currently demanding. I chose to pass my business to close business partners instead of my family because they will be more knowledgeable about the business. I will be working close with them from the beginning so it only make sense to pass the business to them.

3) It definitely made me think of how I can maximize the success of my business as my customers have a demand for it ( unpredictable turn out).  Also I will use my resources much more effectively and efficiently. It also made me realized that when I do identify opportunities,  I need to think of long-term. Whether or not this opportunity is temporary and if it is worth it to do something about it. I would want to address an opportunity that customers will forever have a demand for; therefore, my business does diminished.