28A Exit Strategy

28A

My goal would be to exit in a couple years after it is successful. I would still maintain some share in the company, so I can keep a small stream of revenue in the future. I think it would be better to use the money from the sale on bettering my kids than giving them an ownership share on the company. I would help them come up with their own ideas and start their own companies. One thing that I have seen a lot is people not having the skill set to run a large organization. Once my company has more than 50 employees I am sure someone else would be better able to manage it than me. I selected this strategy because this is the way to cash out from all my hard work. At some point I will be burned out and not want to work 100 hour weeks anymore. If I don’t sell the company I will have some profits from it, but not a massive check. I will cash out and then continue to work. I don’t know if I would continue working at the company, because I might have some conflicts with future managers about the direction of the company.

I think it has influenced my decision making so far in the way that I want to set up the company to have large and fast growth at the start, and then slow steady growth after that. This will give me the best ability to sell the company after a while once I has steady income. Because I want to sell I would try to raise money through debt at the start, and not equity because I wouldn’t want my ownership shares to get diluted.