My exit strategy for this business was certainly something that came across my mind, I intend to develop the business for the next decade, which is also the same time frame the marijuana business is expected to reach its zenith. The development of the marijuana economy will continue to grow allowing myself the opportunity to grow my business with it. However, i do intend to sell my business off within the next ten to fifteen, ideally I would like to sell my business to either a bigger industry leader or perhaps a bigger tech company.
I have selected this particular exit strategy because i believe that it will be a good way for me to develop and grow my business while also providing myself with a safety net in case i ever want to get rid of the business. By doing this I have influenced how I want to go about conducting my business and how I wish to grow it. I have decided that I should the limit of employees and also how big the business should get. I also seek to align myself with other industry financial leaders which are within my business to seek potential buyers., my users resources are also slightly different as it will be potential consumers and also buyers of my business
Hey Olufemi
ReplyDeleteI thought that your exit strategy post was very well made; you were sure to go into great depth and presented truly intriguing information about the direction you wish for your company to go when it comes to exit and administration. I was particularly curious about what you would say because of the uniqueness of your idea, and you did not disappoint. Great work!
I believe that your exit strategy is a good move especially because the marijuana business could end up eventually plateauing if and when it becomes legalized or decriminalized in all states. You certainly have a penchant for speaking and selling people on your idea so I don't think that'll be an issue for you
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