Your Exit Strategy
I think my ideal exit strategy for this company would be to stay with the business for around a decade and then sell it to someone else. The reason I have picked this particular strategy is because eventually I think my product might become obsolete as technology moves ahead rapidly. Within the next 10 years, I think that my product will still be relevant and could command a high price from buyers. My exit strategy has influenced other decisions made in my concept. The main thing it has influenced is the fact that I want to spread the product quickly for maximum growth. In ten years when I would go to sell my business, I would want to have a maximum amount of growth to command a higher price when selling the company. After selling the company, I would attempt to stay on in some sort of board member role that way I could still be involved in retirement.