After multiple years of profitability, and once my company becomes valuable enough, I plan to sell it, and use the proceeds to open my own investment banking firm or stock brokerage firm. It has been a lifelong dream of mine to become an investment banker and I feel like once I have accumulated enough capital, I'll be able to open my own firm, and with my finance degree from UF, have the knowledge it takes to make it successful. I love the entire industry of investment banking, and I feel like I would really thrive in that industry. It is one of my passions. I think that my exit strategy would definitely affect the way I conducted business while I owned this venture. I would be so caught up with adding as much value to the firm as possible, in order to sell it for the most amount of money.
I think that having a clear goal is a good sign. You already know what you want to do in life and have a plan to get there. Selling a successful startup can give you enough capital to start a bank, and also a good track record to help get financing and business connections for starting something in a highly regulated industry. Check out my blog at: http://ryanent3003.blogspot.com/2016/04/my-exit-strategy.html
ReplyDeleteTristan, I find your goals and exit strategy very interesting. I like that you will use the proceeds of this idea to help further your success in your future ventures. After all, this idea has you on the right track to a busy and happy life and will also assist you in your connections. Good luck with the rest of the semester, and if you're interested in viewing my strategy, you can here: http://emmaleeamay.blogspot.com/2016/04/my-exit-strategy.html
ReplyDeleteHello Tristan!
ReplyDeleteI enjoyed reading about your exit strategy. Mine was very similar- first grow the business and then sell it. However, I hadn't really thought about what I wanted to use to money I make off selling the business. My best friend wants to become an investment banker, I think that is such a great career that you could potentially make a ton of money with! I wish you the best of luck on your endeavors, it sounds like you know where you're headed and you have a good start!
Here is my exit strategy if you want to take a look:
http://mariakongosfirstblogever.blogspot.com/2016/04/my-exit-strategy.html