My Exit Strategy
My exit strategy for my venture would be to invest in the business for the next couple of decades and reinvent the business into a large corporation over watching multiple products and brands similar to Amazon. After being on top, around my 50s or 60s, I will retire from my CEO position to allow new blood to take over and live my days vacationing around the world.
I selected this exit strategy because I want to do or accomplish something throughout my life. I want to build an empire of businesses that I could look back on and see how much I have accomplished. Then, I want to retire and live the rest of my remaining life exploring the world and doing m bucket list activities like skiing the Swiss Alps.
I don't think my exit strategy influenced my venture concept because I want to retire after 20-30 years. This amount of time would allow me to accomplish everything I want to do in my business. If I don't accomplish something, at least I tried and failed. Although, I don't regret the what-ifs because I won't have the time excuse.
I selected this exit strategy because I want to do or accomplish something throughout my life. I want to build an empire of businesses that I could look back on and see how much I have accomplished. Then, I want to retire and live the rest of my remaining life exploring the world and doing m bucket list activities like skiing the Swiss Alps.
I don't think my exit strategy influenced my venture concept because I want to retire after 20-30 years. This amount of time would allow me to accomplish everything I want to do in my business. If I don't accomplish something, at least I tried and failed. Although, I don't regret the what-ifs because I won't have the time excuse.
I took this same exit strategy. I really think it is important to stick with a product you have created and ride with it. I think once you invest your time into something, you want to make money off of it and build it up throughout the years. It sounds like you are really proud of your product and want it to stick with you throughout life, and be something you live off of. This is important and clearly shows how proud you are of your product!
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