I intend to sell my business in the next ten years for a large return. I want to watch my business grow before I cash out, but I definitely don’t want to own the company for more than ten years. This is mostly due to the fact that I don’t ever want to focus on one thing for too long. I don’t know if it’s my ADHD or just my personality, but I’m always on the go looking for the next thing to catch my intention. I will cash out when I feel the time is right, and travel for a while before starting my next business venture. My exit strategy has influenced my growth intentions for the company. I plan on expanding the business rather quickly, since I’m exiting the company quickly. I want to sell to someone or some company that plans on continuing to grow the business.
I think your strategy is a good one and similar to mine. I, too, get bored of doing the same thing for a long period of time and want to get involved with something new. I think its great that you want to sell the company to someone that plans to continue to grow the business; However, I do think it could potentially be hard if the new owners do something you wouldn't do or makes a risky decision.
ReplyDeleteHi Grace!
ReplyDeleteI think selling your business in the next ten years for a large return is a great idea. I would also want to watch my business grow before I decided to sell it, but it is also very understandable to want to sell your business and not keep it longer for more than ten years.
If your business is successful and you get a significant amount of money from your venture then selling it would be an excellent idea. I agree that it could get boring leading the same business for so long so either taking a long break or starting a new business sounds like a good plan.
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