28A Your Exit Strategy

I personally do not think that with my business, I would have an exit strategy. Starting my business would come as a "retirement" for me after my few years in investment banking. I plan to start this business to provide myself with sustainable cash flow, while also enjoying myself by being around dogs and serving clients. I would plan to start with one location, and probably expand it to about 5-10. After I hit that mark, I would most likely keep the business at a mature level. When I retire, I would plan to give my business to my children, or sell to an outside buyer.

I selected this particular strategy because this business would be my passion. I could not think of a better way to spend my days than owning a dog cafe, serving animals and people. I want to be able to provide pets and people with a great, hybrid location where both parties can enjoy themselves in a safe, comfortable environment. Exiting early to gain a profit does not seem like a decision that would be in my best interest.

I think that the idea of an exit strategy was something that helped me come to this idea. When considering a good business idea, I thought of this. And, I thought that I wanted to something a bit slower than my investment banking job that I will have out of college. With the amount of capital I will have after working for a few years, I thought that this would be a safe investment that would provide to be successful in areas that I am interested in living in.