28A Your Exit Strategy

1) Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children?

• For my exit strategy, I would think about either selling it. If it were to grow as much as I would expect for it to grow, it would need to be industrial almost. I would want to same expectation and quality even it was in industry because I wouldn't want the quality of my product to decline just because it is monetarily more effective. I think this business idea would expand very much because many people are moving towards homeopathic treatments. 

2) Why have you selected this particular exit strategy?

• I selected this strategy because I believe it would become too much to do something out of your kitchen at home. With the sale of my company, it could be to someone who appreciates what the company is about and someone who continues the efficiency and quality of all my products. 

3) How do you think your exit strategy has influenced the other decisions you've made in your concept? For instance, has it influenced how you have identified an opportunity? Has it influenced your growth intentions or how you plan to acquire and use resources?

• My exit strategy has definitely influenced my growth intentions. Someone who would buy this company must appreciate and have the same values as me but they could also funnel money into the company to expand it outside the US and to obtain more pure fields for growth of plant material. These are things that need so much money poured into it and it would be a great resource to have after selling.