The organization that I am a part of is a non-profit, so
selling it does not seem feasible. I think everyone in the organization, and I
would likely stay with the business until we feel like we have done everything
possible with the non-profit and that it is time for a new vision or direction
for the organization that we can foresee.
I selected this strategy because I think it fits with what
the organization stands for. The non-profit, to me, is there to help shelter
animals and the environment by making pet toys out of old materials such as
T-shirts. When I can no longer further the mission or grow the company, someone
who has the same passion for animal welfare can push the non-profit to the next
chapter.
Most of the decisions that I made we mostly based on what
the organization stands for and what it tries to accomplish. The exit strategy
was not really something that heavily influenced the decision I made throughout
this course. As for growth intentions, the organization needs to be successful
and established enough with its mission for someone to want to take over and
continue providing animals with homemade toys.
Taylor,
ReplyDeleteI agree with your exit strategy. Once you have exhausted all your ideas for expansion and new ways to help these animals in shelters, you will need a new person with a different vision to take over. They will need to have the same passion that you do for these animals in order to build upon your success.I Love your non-profit idea so much and I hope you stick with it till the end.
Hey Taylor,
ReplyDeleteI think your exit strategy is like most non for profit organizations. The plan is to continue making as big of an impact in society for as long as it is feasible for you to do so. It is a very noble act to do and a humble living. Because of the nature of the business, the options you have available to you as far as an exit strategy goes, are limited. It takes passion and commitment to the cause to continue it, especially when it does not provide you with money.