My exit strategy for Metropolis consists of me sticking around for a lot longer than five years. I have passion and enthusiasm for this project, and I intend to see it through. I see it as a family venture, as well. I'd like to hand this project down to my children, and then keep it in the family for generations. My hope is that Metropolis is so successful that we start a franchise and empire of new malls across the state of Florida, and hopefully across the country.
I've chosen this particular exit strategy because this project is my baby, and I have concerns that things will go wrong if I'm not around. I believe my exit strategy and mindset have influenced my general decision making for this venture because it is all related to my vision for Metropolis. My vision for Metropolis has always been consistent with that of a luxurious one, and I don't want that to change, which is why I wish to stay with this venture forever.
Jared I couldn’t agree more with your exit strategy. Building a mall is an extensive project that in all likelihood would take a lot longer than 5 years just to get started let alone have a proven track record to cash out on. I also really like the franchising option. That would also be a really good way to exit. Great post!
ReplyDeleteYou did a great job on this post Jared! You have a very clear plan for your exit strategy. You have explained in great detail what you plan to do. Your ultimate goal of starting a franchise in this venture clearly shows how much passion you have. I do understand why you have chosen to hand this business to your children.
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