Assignment 28A

1. I would stay with the company for several years and continue to expand it throughout the region. I would then plan to keep it in the family and pass it down to the next generation, probably by the time I was in my fifties, and then retire in the future.

2. I have chosen this strategy for several reasons. I would pass it down to the family because I feel that doing so would give the next ownership a true sense of pride in the company not simply as a thing or as a title, but in the fact that this is something that their family began and has always run. My stepping down and letting my children take one by the time I am in my early fifties also serves three purposes. First, they would have time to work under and with me in leadership roles and begin to learn how things have been run. Second, they would still have me working under and with them as they take over and I can guide them as I see fit, while also giving them some freedom to try new things. Lastly, it will keep people that are younger, more up to date with the current (or in this case, the future's current) technology, and therefore allow the company to remain innovative.

3. My exit strategy is something that I had not thought much about, specifically. I do not truly consider it an exit strategy, in my case. I would be here for the long haul. With that in mind, it did have some effect on my business plan. I was not thinking of this as something that I would try to make worth a lot of money fast so that I can sell it for a maximum profit and move on; I was considering it something that would, theoretically, be my and my family's life work.