I think my exit strategy for this business would be to keep it and build it into a franchise that can support my family and possibly pass it down to my kids or grandkids. I have had a lot of interest in this item and feel like it would be an easy sell to many different demographics. I don’t think my exit strategy effected any other part of my business plan so far because when I came up with the idea I came up with it in mind to keep it and build it into a possible frachise.
Friday, July 26, 2019
28A your exit strategy
I think my exit strategy for this business would be to keep it and build it into a franchise that can support my family and possibly pass it down to my kids or grandkids. I have had a lot of interest in this item and feel like it would be an easy sell to many different demographics. I don’t think my exit strategy effected any other part of my business plan so far because when I came up with the idea I came up with it in mind to keep it and build it into a possible frachise.
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Nicholas,
ReplyDeleteI would do the same thing with my exit strategy. I would want to keep it and let it grow. Now, if an opportunity passed where a major firm wanted to buy my business for a good chunk of money, I would consider it. Otherwise, I would hold onto it until I am old or pass it down to my future kids if they are interested in business.
Hey Nick! Awesome post! I loved it, per usual! It's great keeping up with your business venture. I also agree on passing it down through the family. I also chose to do that for my exit strategy. I think your business could definitely get big, and become a franchise known to many as high-end and "up there". Good luck to you!
ReplyDeleteHello Nick,
ReplyDeleteI think your Idea is Interesting but there is so much competition in that specific sector of the market, I think it would be very difficult to make it a large scale business opportunity. There are so many different types of water containers that are all designed to keep water and Ice colder and longer. Even though there is such a large market for this product, I think the market maybe to saturated to compete.