Friday, April 17, 2020

28A – Your Exit Strategy


Plan
When my company doing well and matured, I consider to exit from the company but will stay on the board of directors. Also, I want to be a counselor for my company. I don’t think about pass it to my children because maybe they are not interested in running a company. I would like to give them some stocks. I prefer to hire more professional managers to operate and lead the company, a powerful CEO.
Reason
Because I want my company running under a healthy framework. I should hire professional people to do professional things.
Influence
Even though I exit from the company, but I would like to be an investor to find potential industry and company. I will invest them and make another influenced company in that area.


1 comment:

  1. Hi Don,
    I wrote a similar idea in my post. That when I exit my company, at least the day to day aspect of it, I still want to maintain some aspect of ownership of it. I think it is important to make sure to hire responsible and effective people to take over the company once we leave it.

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