Your Exit Strategy

Assignment 28A

Because it will take so much investing and so many years of planning and configuring, I plan to keep my business. My business has the potential to become extremely large-scale and take a life of its own. The grocery market will always exist because people need to acquire their food from somewhere. I am simply adding further convenience to this market. My operation has the potential to become trademarked and the service can become distributed worldwide and to all grocery stores across the globe. For that reason, I plan to keep the business. I would love if it was kept in the family lineage, seeing as it is a venture that could become explosive and handing it off to others may cause the purpose of it to cease. I have selected this strategy because I come from a large family with multiple businesses that date back many years. My father's side of the family has owned a restaurant for over 70 years, and they plan to keep this business within the family. My mother's side of the family have had a hardware shop for over 50 years now that they intend to pass down as well. For this reason, the idea of a business staying within the family has been instilled in me since I was a little girl. I have worked in both of these locations, and I know that if I ever need work, I can always rely on my family to provide me with it. However, a large-scale operation requires serious business entrepreneurs, which cannot always be found within the family. However, I see Nordstrom and the Nordstrom Brothers as a source of inspiration. The business was first opened up in 1901, and has exploded and remained part of the family for over four generations. This would be the dream for my venture.

In a sense, my exit strategy has made me consider the scale in which I would like this venture to head in. If it becomes a large-scale service that can be distributed nation-wide, then I would like the venture to have the aid from people who share the same message I do. However, if it remains regional and does not become large-scale, then a familial exit strategy will most likely be the primary option.