Wednesday, April 15, 2020
28A- Your Exit Strategy
The exit strategy I plan to make has been a part of this business idea since its inception. As someone who has always had an interest in real estate investing, it is my intention to make enough money to be able to own a large real estate portfolio to live off in my older years. With that being said, my intention is to run this business as hard as I can for as long as I can, probably into my 40s, growing it as much as I possibly can. At this point, it is my hope to sell the business, and begin using the money that I have made from this business and its sale to begin purchasing large real estate properties. Ideally, I would like to purchase and develop properties while working with my former company. Either purchase buildings that they are running, or begin development programs with them. This way, I can be retired at an early age, have a significant passive income to live off of for the rest of my life, and maintain a relationship and influential position in the business I worked so hard to create and build for half or more of my life.
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Hi Ben,
ReplyDeleteI as well will want to run my business for as long as I can because I am very passionate about it. With that being said, I do still believe your business is a great idea and selling it and buying real estate properties sounds like a great idea! Especially since real estate is a great business. However, I think I will continue on with my business and then retire without selling it.