28A - Your Exit Strategy

1.) My exit strategy for my business would consist of me owning and working on my business for many years.  I would not sell the business to the big cable corporations and, out of fear that someone else might do that, I would probably not sell my company at all.  I understand that big corporations would most likely use predatory pricing strategies to get me to go out of business, but I don’t think it would be that effective due to my commitment to the local community. When I am older and can no longer operate the company, I would give it to my children or perhaps then sell it for a large profit and reinvest the profits to my family and my community (since you can’t take it with you when you die).

2.) I chose this strategy because I am a firm believer in family first and helping out the local community.  As such, I would hate for a big company to buy my company and essentially destroy whatever good was done for the community.

3.) My exit strategy didn’t really influence much of my other decisions. It did in the sense that I wanted to keep it primarily local and invest heavily in the community: something that would make no sense if I was just looking to sell the company for a huge profit.