Your Exit Strategy

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?

My business will not begin in the next 5 years. It begins when I become an Ophthalmologist. But after five years of opening an optical with an ophthalmology practice, I do not plan on selling. I plan on having the business for the rest of my life and passing it down generations. 

2) Why have you selected this particular exit strategy?

I selected this strategy because I am part of a family business. My family owned many optical in Nicaragua till they were forced out, and now we are rebuilding and we have two optical with a third on the way. 

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?

It has influenced every facet of my concept. My whole concept revolves around the fact that I go into eye care. It has influenced my journey and what I want to become. It has influenced my future and what I expect from it.