I intend to protect the venture as a family business because my two brothers and my best friend are involved in this networking. Sometimes, people will sell your business without you knowing – people cannot be trusted nowadays. I believe family comes first and I know that it will mean a lot to my children if my business was passed down to them. I believe I am doing this concept for college students and businesspeople. I believe this can be a working issue for many centuries, since I know that airlines want to make profit off their customers. I believe family businesses keeps the family together, but I still want my children to go to college and get the right education.
Identifying opportunities definitely made me realize why I chose this exit strategy. Everyone wants their families to help them with their businesses since they're the most trustworthy and keep the stability of the family. Also, growing up with these people truly showed their colors. From conducting acquaintances and strangers, I realized that I want my family and my best friend to help me take on this business. These opportunities have helped me acquire and use resources by formulating concept maps and sketch maps of how we will be building the generator and talking to airplane staff about our concepts.
Hey Jake, that is awesome that your brothers and friend are working with you! I definitely know what you mean by people cannot be trusted. Family is definitely important and hopefully are people that you can trust, which it sounds like they are. I chose the same exit strategy because family is important to me too and I want to do something that they are proud of and want to be a part of as well. Great job!
ReplyDeleteHey Jake, I like that you are planning on keeping the business in the family. While working with family can sometimes get messy, I would take it over working with strangers every time. Also, I love that you still want to make your kids go to college and get educated. Sometimes people say they just want to take their whole family to some island and let them all retire at 25 and I can't stand that. Good for you for making your kids earn it, even though you are going to try and help take care of them with the business.
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