28 A Exit strategy
My exit strategy would be hard, actually, depends on how much money I can get from selling my business. If i satisfy with the money they suggested, I might sell it if I can get some returns. I know it is entrepreneurship class, I'm kind of safe-prefer person. Everything could happen in business, so I would sell it and stay rich later years.
Even though I do not sell my business, I will not pass it down to my children. Of course, I hope my child to maintain business and make it better. However, in my experience, when i was in Boston, most of my guys parents had their own business and worked well. When I asked them what are you going to do after college, they said they'll just follow up father's business. Some of guys had great visions and dreams, such as they want to build up their parents business bigger or make up as different way. However, in most cases around me were just being unmotivated and doing nothing. They think following up parents business is kind of insurance, so they do not have to try something on their life. Well, it is depends on my child's personality or background, I'll not let my child to maintain my business.
Even though I do not sell my business, I will not pass it down to my children. Of course, I hope my child to maintain business and make it better. However, in my experience, when i was in Boston, most of my guys parents had their own business and worked well. When I asked them what are you going to do after college, they said they'll just follow up father's business. Some of guys had great visions and dreams, such as they want to build up their parents business bigger or make up as different way. However, in most cases around me were just being unmotivated and doing nothing. They think following up parents business is kind of insurance, so they do not have to try something on their life. Well, it is depends on my child's personality or background, I'll not let my child to maintain my business.
I do agree that in a lot of cases going into family businesses is kind of insurance. I actually had no interest in being a part of my fathers business until maybe a year and a half ago. I realized how much i enjoyed what he did and all of the aspects that I would like my working environment to be is what his working environment is. It's a good learning experience and he would probably just sell it if I wasn't going to try and expand. But I would probably do the same to have it for my children and if they aren't interested just sell it.
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