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Exit Strategies - Coggle Diagram
Exit Strategies
Business Exit
Exit Strategy
LFlowers LLC plans to become a multi-functional, recognized, black, female, family-owned legacy and brand.
As LFlowers will operate as an LLC, my exit plan will strictly be to leave a legacy, a family operated empire.
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Business Transition
Begin LFlowers LLC as a company providing residential cleaning services, before transitioning into a multi-functional branded empire.
As LFlowers LLC will be fully family-owned and operated, my most loyal and trusted family will transition into my management team.
LFlowers LLC will become a legacy that will be left for my children, who will hopefully keep the legacy alive to pass down for generations.
Value Protection
Beginning LFlowers LLC at my age now, will allow me many years of hard- work to build the value of my company.
Behind many years of dedication to my company, I will be investing in my retirement, including my family's stability.
Operating LFlowers as an LLC will give me complete ownership over my business, therefore allowing me to chose how my legacy will be passed down.
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Ideal Situation
Transitioning
As LFlowers LLC will be family owned and operated, staff will include trusted and experienced workers for appropriate services/ functions.
All employees of LFlowers LLC will help with the transition of additional services for the company, by promoting our high-end, custom, one-of-a-kind fashion designs.
LFlowers LLC may begin as a self-made, family-owned, small business, but in due time, we will flourish into a multi-functional empire.
Exiting my Business
Exiting my business, I will have no debt, no complaints, no issues that could further risk my self-made empire.
Forming LFlowers as an LLC will make exiting my business simpler, as I will have complete control over the direction my empire will take.
With a lot of hard work and dedication, I plan to properly teach my children to successfully take over my legacy upon my exit.
Beginning my Business
I plan to establish LFlowers LLC as a recognized, trusted and experienced brand.
In beginning LFlowers LLC, I will personally oversee all day to day operations.
Beginning my business, I am prepared to work hard at all cost - no matter how demanding, to ensure a successful launch.
After Exiting
While working hard to build LFlowers as a black, female, family-owned, empire, I will enjoy the fruits of my labor during retirement.
LFlowers LLC will not decease upon my exit, but continue to blossom as the successful legacy it will become.
I am confident that my wife and I will set up our business and properly teach our children to successfully maintain our family's legacy upon my exit.