Exit Strategy

Venture Concept: Allen Financial Services Inc.

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?

-I intend to take my business and develop into a nationally known name and then retire and pass it down to my children if they decide to do the same profession. Otherwise, the only solution i see is if I got bought out by a very large firm for an offer i could not turn down, only then would i sell my firm. 

2) Why have you selected this particular exit strategy?

-I have selected this strategy because I feel specifically that hard work pays off if you build something and developing a business over many years of hard work would be worth a lot. If i pass the same good habits to my children and they continue to develop it, then great success could be achieved. 

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?

-I think my exit strategy has influenced the other decisions I've made in my concept by it has allowed me to plan to work a long time and work towards what I want then to settle for some short term results. It also helped me identify the opportunity to breach the market itself.