When it's time to exit the business, I will most likely just leave it to my brothers. I plan to build my business to a point where I can earn 50k-100k a year while going to grad school then I will give the company to my brothers while I pursue a career in law. I expect to work this opportunity for the next 4-5 years and exit.
From the beginning my brothers have been involved with the business and I have pursued it as a way to earn extra money while working on my degree. Thus far it has served that purpose and I will be grateful if it continues to do so. When I'm able to make as much or more in a professional position I will be happy to give my brothers the same opportunity that I had to get started in their lives pursuing their passions.
Everything I've done since day one has been in pursuit of long term growth-forgoing consumption today so that I came consume more later. I have built something from nothing using the help of my brothers and the property that we own together. I chose something that we all enjoyed and that we could pursue with the resources available to us. This approach has influenced my decisions and I hope my brothers are able to finish school with minimal debt as I have been able to.
Hi Cory,
ReplyDeleteI feel that your exit strategy is understandable. Definitely keeping it in the family does not hurt. Especially, if they have been involved from the beginning and have helped the process to make the product. Great work!
Hey Cory,
ReplyDeleteI find so amazing that you would like to make your company grow, and then give it to your brothers. I can just imagine how rewarding that would feel, and in the meantime, you would be having a blast in Grad school! That sounds like an amazing plan to me.