1. Depending on how profitable the business is I would
potentially sell it. However, in selling it I would want to sell it to someone
who would hold the business to the same standards I would of excellence. So
potentially I would sell it to someone I would trust rather than to just
anyone, or another company that would try to buy.
2. I intend on this strategy as I don’t want the work I put
into it to go to waste in a couple of years by selling it to someone who
wouldn’t have the same care of the business. It would also not look good on me
to sell a company for someone to then destroy it or not provide the same level
of excellence it had when I had it.
3. I really don’t think my exit strategy has influenced
anything. I always knew I wanted to build a business that has a good reputation
to it and provides a quality product to the customers. In terms of growth
intentions though I would plan to branch out into more areas to become
diversified. However, I would still want to maintain the level of excellence in
every aspect of the business. So, if that potentially means to sticking to one
area that I would do exceptionally well in, I would stick to only one area rather than being mediocre in a lot of potential markets.
