...the end game? I'm a poor entrepreneur because I have a hard time viewing 1, 2, 3 Play as a cash cow or as an investment to cash out later, but the bottom line is that once I've implemented all my plans, it will be time for someone else to step in and run my baby so that I can move on to the next venture. As for time line, I think I would be in and out in 1-2 years. That may seem brief but once the business is up and running, it will be ready for its new owner.
I'm a wanderer and a problem solver; put those two together and I'm a wandering problem solver (which is pretty accurate). Although I love 1, 2, 3 Play, my passion lies in fleshing out the idea, not running the business. I'm passionate about creating solutions, and I would like to replicate that over and over again. I hate admitting it, but the thought of running day to day operations is terrifying.
My intent to sell has made it easier for me to be objective and pull out potential problems with the business. I'm also well aware of the marketability and profit potential of 1, 2, 3 Play--it's a passion project but could be valuable to someone who doesn't intimately understand the struggles of parenthood.
Hey Kelly, thank you for sharing your exit strategy with us, I really enjoyed reading it. I think that you have a very unique view that comes from having kids with regards to your exit strategy. You are right in that you eventually have to let your kids run free, and I agree with a lot of that and grapple with it when I talked about my exit strategy over at http://jlopez3003.blogspot.com/2016/04/my-exit-strategy.html
ReplyDeleteHi Kelly,
ReplyDeleteYour post is spoken like a true parent, although sometimes, those kids that are hard to let go of! Your passion for solving problems and then moving on, will truly suit you well when it comes to finding solutions. Another good part of being a parent is that you can definitely build your multitasking skills. That should also help you as move from venture to venture. Good luck in the future and you can view my post here if you would like: http://jww3.blogspot.com/2016/04/my-exit-strategy.html
Thank you.
Jim
Hello kelly,
ReplyDeleteVery nice job on this write up! It was very realistic and well thought out. I think that your connection as a mother allows you a very good perspective on this product. I wish you the best as you continue to plan out this venture
Check me out at
http://antdavblogs.blogspot.com/2016/04/exit-strategy.html?m=1