1)Since my business relies so heavily on the Gainesville area and the RePurpose Project, I think it makes the most sense for me to sell my business or potentially pass it on to a club in Heavener. I think that Warrington Goes Green, the new Heavener club that emphasizes the importance of being environmentally conscious as business, could use my business as a way for members to actively be involved in this message while generating funds for the organization.
2) I think that it may be hard to sell the business since profits are too low. If the club is not interested, it may be advantageous for the RePurpose Project to hire someone to do this or to delegate this responsibility to their employees. I would have already done most of the hard work establishing relationships so they would just need to fill orders.
3) I think this strategy definitely impacts my strategy for expansion of the business. This is how it mostly impacts the business since it would be hard to build so many relationships and all of a sudden leave.
Good evening Alexis,
ReplyDeleteHello Alexis, I like both options that you have drawn out as far as your exit strategy. Potentially trying to sell your business is always a great option, but as you stated, if you do not feel as if it will be profitable, then it is probably best to take the other route. Giving the business off to an organization would be a very positive thing to do for the community. Great work!
Hello Alexis,
ReplyDeleteI like how you mentioned two options for your exit strategies. In my opinion, I think selling your business is a great idea but like you mentioned maybe it would be a little hard to do that since profits are so low. I think it is very generous of you to give the business off to an organization since they would benefit a lot from it. Keep up the awesome work!