2. I selected this strategy because if my concept got big it could make a lot of money and as a parent you want to give your children every advantage you can. My kids would go to school get their degrees and immediately have a business to work for if that is what they were interested in doing.
3. I do not think the exit strategy influenced me very much because I never thought of having one. If this concept blew up like I said I would just ride it for as long as possible and hopefully retired and pass it on.
*Hopefully I would look like this when I retire.
I can definitely see why you would want to leave this business for your family. This seems as if it would be a feasible idea for a family owned business that can be passed down for your children to have if they choose to. However, what if it did happen that your children did not want to manage the business? That would be my only concern with this kind of exit strategy. Here is a link to my post!: http://breyflynch.blogspot.com/2016/04/my-exit-strategy.html
ReplyDeleteHey Josh,
ReplyDeleteThe fact that you would plan to continue this business and utilize it as a means of supporting your family and children indicates a level of confidence in the endeavor. The prospect of a gym offers many opportunities for employment that your children could pursue if they chose.
Here’s a link to my post if you’re interested: http://madiganent.blogspot.com/2016/04/my-exit-strategy.html
Hi Josh,
ReplyDeleteI think its great that you would pass your business down to your family. I think that is an important aspect of a successful business. When families all work together and get along, it shows costumers great service. I like your attitude on the exit strategy.
Good luck!
http://ericanudelman.blogspot.com/2016/04/my-exit-strategy.html
Hi Josh,
ReplyDeleteI think its great that you would pass your business down to your family. I think that is an important aspect of a successful business. When families all work together and get along, it shows costumers great service. I like your attitude on the exit strategy.
Good luck!
http://ericanudelman.blogspot.com/2016/04/my-exit-strategy.html