Exit Strategy (ENT3003 Assignment 28A)

1. The exit strategy that I plan to make withe my sports agency venture is to protect it as a family business and pass it down to my children eventually.
2. I have selected this particular strategy because it makes the most sense in every aspect. If it grows enough in only 5 years to command a high return then the chances are that it still has room to grow so you're not really selling it at its peak anyway. On the other hand, as an entrepreneur, these ventures should only open more doors to expand and get into other businesses so I am not interested in simply focusing on this venture for decades and then retiring. Building it enough to then pass it down to a competent family member to keep it going, while I explore other opportunities and am able to still serve as an advisor for this one seems like the most beneficial and lucrative strategy to follow.
3. I feel like my exit strategy hasn't and shall not influence the decisions I make in running the business. Regardless of my exit strategy, I will still operate to the best of my ability and utilize my resources as I see fit to give me the best possible return. Having that good balance of knowing when to take risks and when to be safe will make you successful no matter what the long term plan.