2. I chose this specific exit strategy because if the business is fruitful why end it prematurely? When it can be both a great source of income and potentially become a family business.
3. I think that my exit strategy will influence other decisions that will be made for the business because I don't have an ending in mind for my business. That means that I will be constantly looking for innovative opportunities to prolong the business into a long fruitful life so that I wouldn't have to sell it or close it down. If my business expands as well, it would require for me to find resources for the business in order for it to thrive and gather the ingredients it needs to preform successfully.
Lauren,
ReplyDeletefirst off, i think your idea is great and it is truly a great goal to attempt to turn it into a chain. Chain restaurants are certainly very profitable. The strategy to sell is a tricky one as you never know truly what your needs are going to be in the future. Don't sell too early and keep working hard. If you would like to read about my strategy even more please feel free to go to: http://mitchallenent3003.blogspot.com
Thanks,
Mitch
I think it is awesome that you want to turn your business into a chain. This would be the best thing for your business and you wouldn't really need to sell it off. A drive through sushi place sounds great.
ReplyDeleteYou can check out my exit strategy here , http://darby95.blogspot.com/2016/04/my-exit-strategy.html
Hi Lauren,
ReplyDeleteI think this sushi to-go idea of yours can really take off! I also love your take on your future decisions. My exit strategy was to sell and seeing your post really made me rethink about my decision. Like you said in this assignment, if business is booming, I don't see a reason to sell it prematurely. I enjoyed reading your decision and you can check out my post at http://flatpeak.blogspot.com/
Brian D. Kim