What is my exit
strategy for Drylivery?
Thinking about my exit strategy for
Drylivery would be to build the business over a period of time maybe 5 years in
specific markets and try to sell it for a larger return. My mindset for doing
so would be to give enough time and energy to make the vision come through and
ensure systems are in place for its success. After the venture has seen success
and growth year over year, then I would sell. Selling the venture would be best
because I would be able to focus on the next opportunity that arises for a new
venture.
Why is this my exit
strategy?
The
venture of delivering dry cleaning to customers and assisting professional dry
cleaners in growing their amenities to their clients, the venture has a shelf
life on it. With a general decline in dry cleaning services being used, it
would only be a matter of time before the opportunity would not be appealing to
customers. Also, selling the business at its peak would give me to opportunity
to fund my next venture and/or give me more time to develop.
How has this strategy
influenced you?
The
decisions I have made for the concept have been in mind with a five year plan.
For example, utilizing existing businesses clientele would allow for a quick
start up and the targeted demographic that we would need to facilitate the
venture. Another key decision was the use of business leasing fees to generate
higher cash flow to create a more appealing venture to investors and potential buyers
alike. Knowing that I wanted a five year plan, I knew this opportunity could
exist for only so long.
Hello,
ReplyDeleteYour exit strategy was the same plan I shared for my travel app. It seems like most companies are going to this model these days. Build a great company and eventually have it bought in the matter of 5 years. Good work on this assignment. http://flgatorblogging.blogspot.com
Hi Nicolas!
ReplyDeleteI enjoy how analytical and logical you are about your venture. Having the ability to pull your emotions and personal feelings from your business and assessing the drawbacks and positives of it is a great weapon for success! here is my post! http://kellyquinnart.blogspot.com/2016/04/my-exit-strategy.html
Nicolas, unlike you, I wasn't really thinking about an exit strategy for this whole time. I think that there is too much that could change for me to make up my mind before even starting. I think you share the goal of most business owners, to cash out in five years. Nice job. Here is a link to mine: http://guntotinghippie.blogspot.com/2016/04/my-exit-strategy.html
ReplyDeleteNicolas, unlike you, I wasn't really thinking about an exit strategy for this whole time. I think that there is too much that could change for me to make up my mind before even starting. I think you share the goal of most business owners, to cash out in five years. Nice job. Here is a link to mine: http://guntotinghippie.blogspot.com/2016/04/my-exit-strategy.html
ReplyDelete