1. Although I know I would be very proud of my venture, I understand that its growth capacity is in the end limited. This is why I think that after I think that I have profited enough from it, I would hire someone else as a CEO, and give him/her a portion of the stock of the company.
2. I think is the best option because it would allow me to focus on new ideas in the future, while at the same time, I can give someone I trust the control of the company that I have worked so hard to establish.
3. The major thing where I think my exit strategy has affected is in the fact that I do not see myself as CEO of the company for a very large period of time. Therefore, I would try to make it grow as much and as fast as possible (to be able to profit), and at some point, sell a portion of it to someone else to manage it.
Hey Richard,
ReplyDeleteI think your idea to give over your position as CEO is a wise choice. It is hard to run a successful company with little experience. By handing over the position you can focus on learning and new ideas while still gaining experience. I personally would sell my venture, but I still think it is best to focus on new things. Keep up the good work!
Hello Richard,
ReplyDeleteI like the exit strategy you chose. It’s a good middle ground between remaining with the company and accepting a buyout offer. Before reading this post, I’d planned on simply accepting a buyout, but after reading your perspective, I find myself reconsidering. I think it would be good to continue owning a stake in the business, as it would allow me to remain a part of what I worked to create.
Great work!
Nolan