2) I have selected this strategy because I believe successful family restaurants can be around for generations, and my concept is not a fad idea that will phase out in the next five years.
3) I think my concept influenced my exit strategy, not the other way around. I would definitely have a different exit strategy if I had a different, more volatile idea.
(picture of a family having brunch, because, you know, fam love and food)
Hi Amanda,
ReplyDeleteYour exit strategy is very well thought out! I would have to agree with you that the concept for my entrepreneurial venture is actually what influenced my exit strategy and not the other way around. Your restaurant idea sounds great and definitely will stay in business as long as you have people that are committed and dedicated to its success. Great job! You can check out my exit strategy for my company at http://amunozent.blogspot.com/2016/04/my-exit-strategy.html
Hey Amanda!
ReplyDeleteI think it is great that you plan to run your business as long as possible. We have worked so hard this semester to develop our business idea, I think we should reap the benefits of our hard work. I am sad that I will be able to pursue my idea. My business is very volatile and I have plans to attend law school so it just wont work out for me. Good luck with your business!
Here's the link to my own post: http://ckm-ent3003.blogspot.com/2016/04/week-13-your-exit-strategy.html
Amanda,
ReplyDeleteI love your outlook on your restaurant! This is so true, keeping it in the family adds a sense of customer loyalty and a competitive advantage over other chains. Your children may learn to love the restaurant business and this would help them to seamlessly enter the market!
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