1)
My end goal for this venture is to sell the
company for a large sum and, if possible, receive a perpetuity.
2)
I have selected this as my goal because I would
like to start other businesses. I plan to use the money I get from selling this
business to start a new one in a different field and use the perpetuity to live
off of until my next venture starts to earn a profit.
3)
I think that my exit strategy has influenced my
decisions by making me much more aggressive than I normally would be. Because I
want to grow this company as quickly and efficiently as possible, I have taken
what some may call, risky chances. However, everything has been a calculated
risk, not a gamble. I believe that I will continue to have a the same mindset
until I start a company that I think I can run very effectively until I am
ready to retire.
Cody,
ReplyDeleteIt is a great idea to try and get a perpetuity on your business. Even if it means taking a smaller amount up front, you can make out on top if the company does well. It would be great for you to have income flowing in to assist you in other start ups you may be interested in. That is a fantastic goal to have and I admire your ambition. Keep working hard and it'll happen soon enough!
Cody,
ReplyDeleteI like your post this week! Also, I like you said that you want to start other businesses after your sell your old business. Most people dare to do this because they have already get success on one business. Starting another business is something difficult. I am glad to see that you can challenge yourself. Great work overall!