Friday, November 30, 2018

28A - Your exit Strategy


Exit Strategy:
When approaching optimal performance of my business I would like to stay the face of my business with a board of directors that are strategically selected to ensure the everlasting performance of my business. I would not want to pass my business along as a family business because that become to picky. The oldest is sometimes not a guaranteed replica of the owner and I would not want to select one of my children over another. I look at having 3 children to become a balance off my personal growth where I only had an older brother. I select this exit strategy because it is less messy and I want my children to go off and do their own thing and not directly follow in my footsteps. if they develop an innovative way to operate my business then I hope the board of directors can acknowledge that and if not I want them to expand and find their own true calling off my principles of life. I feel this exit strategy is based off different principles of others who have been successful. I do not want my children to thrive off my success and become stagnant in life. I want them to find their own way and become something great by themselves.

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