Wednesday, July 27, 2016

My Exit Strategy

1
  .     This business venture that I have come up with is exactly what I envision for myself. Not only am I helping people in-need, but I am also maintaining a conservative income. I hope to continue with this business for many years to come and grow it to its fullest potential. When I am no longer able to manage the business, I hope to pass it along to my children. When the inherit the business they can do what they want with it whether that be sell it, franchise it, or just continue to run it.

2.     I have selected this because I know that once this business is up and running it is going to be some of my best work. I would not be ready to sell it after just a couple of years nor give the CEO position to anyone else besides my family. I think there is so much more passion and motivation to run a family business and I think this will contribute to the overall success of the company.


3.     Yes, for sure. Since I want to be running the company, I want to ensure that what I am doing is always helping others. I have always had a passion for giving back and helping those in need, so by building my business on the idea of helping those in wheelchairs makes me never what to give that up. I am in absolutely no hurry to retire and hope that this business will maintain the family name. Not only am I helping people, but I am calling in resources that are within my family and my family’s network. My rent-a-wheelchair van already has the family name behind it. I know that my resources have the same passion for the growth of the business as I do, which excites me for the future of the company.




7 comments:

  1. Hello Jayme, I was happy to read that you want to work through this venture for as long as you can. It takes a lot of patience, and thick skin, to see your own ideas through, especially until it reaches its full potential. I also think it's great that you want to pass it along to your children, because that will create a great sense of pride in your home and family for years to come.

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  2. Hi Jayme.
    I really like how passionate you are about keeping the business in your family. It shows that you really care about your venture, because you want to pass it into good hands that you know and trust and that will allow you to keep an eye on your baby. Plus, your children will get to know the company many years before they take over which will really help with an effortless transition.

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