28A Your Exit Strategy

1) Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children?

I do not intend on selling my business, especially if it is doing well. My main priority is to provide comfort for students with my musical therapy facility. Instead, I plan on traveling to more universities to speak about my intentions on improving student experiences while at college. By the time I retire, I’d like to pass the business down to my children, only if they share a similar passion for it because I don’t want to force them into anything. I want people who are as passionate about the business as I am to someday take over.

2) Why have you selected this particular exit strategy?

I believe there is a dire need to accommodate students, especially when their feeling stressed out. I wouldn’t want to sell my business so that it would no longer be available.  

3) How do you think your exit strategy has influenced the other decisions you've made in your concept? For instance, has it influenced how you have identified an opportunity? Has it influenced your growth intentions or how you plan to acquire and use resources?

As I’ve mentioned, my goal was always to utilize my passions and strengths towards assisting the community. If someone makes a business just for the sole purpose of expecting a large return without actually helping consumers, then I don’t think the business will last. The owner would be more focused on amassing the largest sumps of revenue that they can achieve as opposed to engaging with their customers and hearing about their experiences.