My Exit Strategy

1.) I plan to make adjustments to my business as I go. In the next 5 years I think I would be looking for the next big thing, how can I take what I have created and change it to fit in with the technology around it. If I was unable to make that change, of course I would be willing to sell it to someone who has the ability to do just that. I think ultimately, if it was successful, I would keep the business until I couldn't any longer. Keeping it in the family would be nice, however, I wouldn't want to force it on my kids if that isn't what they want to do. 

2.) I selected this particular exit strategy because I would love to have a successful business that I am able to continue growing and to watch the innovation happening. New technology will come out and I want to be able to adjust with it. However, I also want to be prepared for life. If I am not financially able to continue growing it, if my family needs to come forth and so on. 

3.) It has influenced my mission because I have created it to include my long term goals which would be changing the product/service as technology changes, innovation. I think it has changed the way I look at my opportunity, I look at it as something that is a good service for right now but years down the road it could need a lot of improvement which is why I have to develop my business to be focused on that kind of innovation. I need to use my resources wisely, to ensure that I have money saved to innovate as I need to. I wouldn't want to fall behind especially if there were other competitors following close by.