I don't believe my exit strategy had much of an impact of my selected venture, I chose it simply as something that I have a personal interest and passion about. I believe the model I set up would be successful long term, as I wouldn't want to create something that couldn't last past my ownership. I think there's a problem these days of entrepreneurs creating businesses with weak foundations because their intention is to sell of the business at the first opportunity to the highest bidder. Many brilliant ideas have been lost or held back due to this kind of entrepreneurship, and I wouldn't want to contribute to such a system.
Hi Graham.
ReplyDeleteI also chose to sell my concept due to the fact that I like doing many different things. I think you made a good realization about how entrepreneurship is today and how it can be seen as counterproductive. Overall, I think it is important to find something that interests you and you are passionate about. Good luck in the future!
Graham,
ReplyDeleteI had pretty much the same exit strategy as you. I am also a person that loses interest in things fast. Because of this, I also plan on selling my venture after several years. I like that even though you are planning on selling the venture you still want it to have a strong foundation. I agree with what you said about business creating weak foundations and am glad you don’t think that way.