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28A – Your Exit Strategy

1) I plan to hold on to my business for at least several economic cycles. This could mean 20-30 years of ownership. Once the business model has been proved out over at least two generations of customers, the business will be properly matured enough to sell at a good price.
2) The life-cycle of my business is extremely long, from launch to proof of concept, growth and into the maturity phase could take fifty or more years.
3) I think the reverse is actually true- my exit strategy hasn't affected my business. Instead, by business has affected my exit strategy. I am 100% on board with taking a reasonable salary from my business, as long as it delivers consistent cash flow. I won't be ready to sell until the business model is thoroughly vetted over several decades, and I can receive the highest multiple for my business.

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