1) My exit strategy: I think the exit strategy that I would take for this business would be to work really hard for about 5 years to develop my overall brand name for the company to get it very involved in the specific extreme sport industries that I am interested in targeting. I think once I have it established in a few different extreme sports, or even just a solid amount of locations for surfing, I think I will be able to sell this business as a franchise because people will see the opportunity for expansion.
2) I have selected this particular exist strategy because it will allow me to enjoy the process of establishing a successful business as well as reaping the benefits of selling a successful one. It will provide me with something to focus on for a period of time, and something to support me not focusing and relaxing for a period of time. I think it would be a very enjoyable exist strategy if I could pull it off.
3) I would not say that my exit strategy has effected the growth or formation of my business at all really. It just hasn't been a big thought in my head and I've been more focused on the concept and implementation of business. The exit strategy was just an afterthought but I think it would be a very seamless and easy exit strategy is I wanted to get out.
Hey Alex, I think that this is a great plan. I also plan on selling my business after it reaches a certain amount of success. I would just ask what you plan to do after you exit? My strategy can be seen here, great job. http://intellectualramble.blogspot.com/2016/04/exit-strategy.html
ReplyDeleteHey Big dog,
ReplyDeleteI think this is a GREAT strategy and that you are almost a GENIUS. I am an amazing surfer and I would shred all over this idea (if you catch the drift ;). I hear you get knocked out a lot but I really hope this strategy just PAys off!! Great Post !!!!!!!!!!
Check out my rad idea: http://sawyerlambert.blogspot.com/2016/04/very-short-interview-part-2.html
This is a good plan to stay involved in your business without having to handle every little part yourself. Having franchises allows you to expand while taking the load of finding each location off of your shoulders. Check out my blog at: http://ryanent3003.blogspot.com/2016/04/my-exit-strategy.html
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