Exit Strategy

My business was never intended to be my long-term source of revenue. I intend to sell the company after I have solidified its position in the kitchen appliance market. I want to get it to a point of stability and success, but, ultimately, I want to sell the company for profit.

My goal in life is to create an engineering conglomerate and simply research anything and everything that we can. I love knowledge, and I think that I am well equipped to solve problems and discover new problems to solve. I would use the profits from the business to establish my engineering company on my own dime in order to solidify my control over the venture that I truly care about. I would purchase a building to house several labs and a core office, as well as all of the equipment required for scientific study.

I think that my exit strategy has caused my venture to be a bit more short-sighted than it need be. I could eventually have tried to grow and expand my brand into other kitchen appliance innovations, but I simply wanted to solve a problem and create a foundation for monetary success. I still would care deeply about the success of my company, but would sell at least a majority of it to others in order to focus on my main desires. I would only be there long enough to make sure it would not fail, and then sell it for as much as possible.