With this type of business venture, I plan on keeping the business as a family business. There will be always be great advances and technological changes made to make a more efficient and effective ways to improve the community. However, the need will always be there. As long as I am able to continue to advance with the market and not lag behind, if pursued, I would one day like to pass it down.
I have selected this particular exit strategy, because there is power in ownership and it is also a form of residual income and community advancement.
My decision didinfluence my opportunity. I did think far in advance to the future, I was thinking both in the now and in the future. I chose a more long standing opportunity, that had great opportunities to grow in a field I was more passionate about. Because I have made my decision to make this business longstanding, my goal would be to grow and hire experts in this field to help me along this journey.
Hey Mya,
ReplyDeleteI like that you chose to keep your business within the family. This type of business venture seems like one that could be passed down for many years. Choosing an opportunity that you are passionate about and that has the chance to be long standing will increase your business's chances of success. Overall, I think it is a very solid plan and should be pursued.