Thursday, July 25, 2019
28A- your exit strategy
My exit strategy would be to have the business with me and pass it down to my children when I think they are ready to own and manage the company at my standards. This is huge to me because I truly feel like your family can only grow with a successful business. I would of course want them to go to college to learn business but it is all about what they will do and apply their skills to the business afterwards. I chose this one because each generation should be better than their last and by aiding my children to a very successful business will only make them have an easier life for them and their children. It has influenced in my business concept because with my plan I would need my child to know about banking and the world of business so schooling is a must to know the fundamentals. I acquire to get this information for my son or daughter byt making them prepared for several years and seeing how I run things day to day and when I think they are ready that is when I will let go hand hand it over to them.
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Hi Janan! I love this and how family is important to you. It should be a legacy and grow from one small idea into a huge business mind that everyone can enjoy. I think your concept can be good for any new person in your generation as long as you treat it as a business before a family affair. Other than that I think it is a great plan.
ReplyDeleteHey Janan,
ReplyDeleteI like your exit strategy and think it is really cool that you want you to build a family business. I feel like it unites a family and can make a business run very smoothly. I definitely agree you would have to teach your children the fundamentals at a young age so they are prepared for the future, so you seem to have a good plan for this strategy. Great post!
Hi there, Janan! Your exit strategy is very touching and powerful to me on a personal level, as for me, family is also a very important tenant of my life. The level of passion you expressed in this post is very inspiring, I think your idea is great and would also lead to having a great brand image as well. While I do find it to be a very heartwarming idea, you must also be very careful to not let business relationships consume and affect familial relations, as often this can sadly lead to tensions and could leave relationships worse off.
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