My Exit Strategy
- I selected this course so I would be free to pursue other ventures, however, I would still be involved in this one. By sitting on the board of directors for however long is appropriate, I will have the time to pursue other opportunities as well.
- Because my venture is in nonprofit there is no sale to make in regards to the firm. What I would like to see happen though is to pass off leadership. I would like to begin as the director of the firm, see through the formation of my idea, and than hire a new director. At this point I would seek to be on the board of directors as to help with the guidance of the firm.
- I don't feel as though my exit had any bearing on the formation of my idea. I think that the only way my exit has influenced the decision is to design things in such a way that they may be taken over by someone equally as qualified.
Brett, I love your idea of maintaining some (even if its only a little) control in the say so of how your venture is run after you step down. I had not thought of keeping myself on the board. This is a great way to make sure your "baby" stays true to your original vision, while allowing you to have a hand in the decisions to change or innovate it as time goes on. Very good answer to this difficult question. I wasn't sure I could sell mine but not sure if I would want to keep running it forever either. Nice option!
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