2)I have selected this particular exit strategy because my parents have owned restaurants my entire life, it was my first job, and now my brother runs it for my parents. Since I have had so many good times within their restaurants I would like to be able to provide those sort of experiences for my children.
3) I suppose my exit strategy has influenced me in so much that I would like to own my restaurant solely without any partners, so that I would be able to pass it on to my kids.
I think you have a great strategy, Marco. If you have enough time to participate in your business and have a career, then I think this is great. Restaurants can be very profitable, if you do everything right. They can also be fun and a great way to spend time with our family. My exit strategy was different. I plan to sell my company in a few years after I am done with school because I will not have enough time to run my business and have a career in nursing. But even though I plan on leaving, I still look at opportunities for the long term, just like you. I still want my business to be successful, even after I am gone. So in a way, we are similar. Thank you for sharing. I think you have a great strategy. Check mine out at http://summerborges.blogspot.com/2016/04/my-exit-strategy.html
ReplyDeleteHello, your strategy is great (as long as you have the dedication, and love for your restaurant) it is always good to run a business that you love! I plan to sell my business as soon as possible because it isn't something I love, and then to find something I do love. Feel free to check out my blog at http://ufclassblog.blogspot.com/2016/04/my-exit-strategy.html
ReplyDeleteHi Marco,
ReplyDeleteI love that you see a long term in your business, and hope for it to continue on with generations to come. Give customers a reason to come back, and you should be golden. I plan on selling my business off after its success. Unfortunately, I did not complete this assignment but great job.
-Andrea
Hello Marco,
ReplyDeleteI can relate with your strategy on many levels. I myself never know what the future holds, so being able to plan accordingly is really what keeps our businesses afoot. I figured I'd sell my business within the first 3-4 years only because my idea probably only has a lifespan of that long (most apps become irrelevant after a couple months...if that). I think your idea has the potential to last and implore to expand upon it! My next venture will likely be creating an app with a shorter lifespan for a quicker return on revenue. Great job and keep up the good work!
Check out my post at:
http://flytyguy.blogspot.com/2016/04/my-exit-strategy.html