My
exit strategy is to sell my business in about 5 years. I’ve selected this exit strategy
because I plan on going back to college to pursue my Master’s in Psychology
after all of my children are in school. They will all be in school in the next
few years. So, five years in this business would be a good amount of time to
hopefully make and save money from selling the product. Then, I will sell the
business and it will be someone else’s to take care of and I can focus on my
future in psychology. With my chosen exit strategy, it is important not to waste
money or time. I will have to be choosy when it comes to employees and ensure
that I don’t have too many employees. Early on, I will be networking with
people who could possibly buy the business so it’s easier in the end.
Hello, Brandi
ReplyDeleteI think it is really awesome that you plan on selling your business in five years and then focusing on your masters in psychology. I personally love psychology and had to take many courses relating to this field since I am in the Pre-Physician Assistant route. Selling your business will be a great way to generate money that you will then use to pursue your masters in psychology.
Hi Brandi, great post. I think it is very cool that you are planning on getting your Masters in Psychology. I also said that my exit strategy would be to sell the business within five years. However, I made this decision because my business just doesn't line up with my career interests. Good luck with your plan to get your masters degree.
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