Assignment 28: Your Exist Strategy
So I guess for my exist strategy I would chose to stay with it and then retire.
I wouldn't want to sell the business because it could easily become something that damages the environment instead of helps it and I wouldn't save it for a family business because I don't know if I am having any children.
It would be nice to be able to do something that I am passionate about for the rest of my life. Being able to retire from that would be nice as well. Considering the fact that now a days many people don't get to stay retired and have had to go back into the work force to support themselves.
I think this strategy has effect my overall concept because it has kept the business some with only a few making decisions. Overall though I think it has influences my ideas because I have kept the business personal. I have tried to kept it about the cause instead of about making all the money right off the back, so selling the business as never been on the table for a return investment.
I wouldn't want to sell the business because it could easily become something that damages the environment instead of helps it and I wouldn't save it for a family business because I don't know if I am having any children.
It would be nice to be able to do something that I am passionate about for the rest of my life. Being able to retire from that would be nice as well. Considering the fact that now a days many people don't get to stay retired and have had to go back into the work force to support themselves.
I think this strategy has effect my overall concept because it has kept the business some with only a few making decisions. Overall though I think it has influences my ideas because I have kept the business personal. I have tried to kept it about the cause instead of about making all the money right off the back, so selling the business as never been on the table for a return investment.
Hi Kaitlyn. I think it’s great that you want to stick with a good cause and oversee it until your retirement. I agree that it would be nice to work on something you enjoy. We spend a significant portion of our lives at work, so it helps when we can find satisfaction in the work we do. Moreover, it’s commendable that you won’t let short-term profits guide your decision-making process for a cause with such potential for good. One recommendation I have is to surround yourself with employees who are just as invested in the cause as you are.
ReplyDeleteHi Kaitlyn,
ReplyDeleteI like how you want to help the environment instead of focusing in creating sales. I agree that when you are passionate about your work, you can enjoy and be more proactive. Not everybody gets to do what they love. I think that if you ever decide to sell your business, you could use that money to help social causes that you care about. Good post.