28A – Your Exit Strategy

My exit strategy for this business venture would be to keep the business.  If everything is going well and I am making profit, I wouldn't want to sell it but instead hire more people to do the rounds and buy more trucks and equipment so I wouldn't have to do much of the labor anymore.  I do have a son and would want him to have a job in the future.  Having him start at the bottom from a young age and then teaching him about the business and other side of it would be a great learning experience for him as well.  I think I would always be aware of the competition though, and make sure I am keeping competitive prices along with great quality but always trying new products new technology and new marketing strategies will have to be implemented for the future. 

I wouldn't want to sell it unless I had another business venture already in the works with possibly better profits and benefits involved.  I have seen many small business owners sell their business and customers and then end up regretting it a few years down the road, so I definitely wouldn't want to make that same mistake.  My exit strategy has helped me make some decision in purchasing high quality equipment because it is something I plan to keep in the long term.  I don't want to buy used products and then sell it within a few years but at the same time I want to make sure I am getting the best for my money and equipment that will last me a good amount of time.