Remove Exit Strategy Remove Finance Remove Innovation Remove Planning
article thumbnail

Key Strategies for Aspiring Entrepreneurs Considering Franchise Ownership

Strategy Driven

They assist in determining if this entrepreneurial path aligns with personal goals and life plans, making the exploration into franchising a critical first step for potential owners. Budgeting wisely, preparing for unexpected expenses, and familiarizing oneself with various financing routes are elemental strategies for financial preparedness.

article thumbnail

Why Tech Entrepreneurs in Developing Countries Struggle to Raise Funds

Harvard Business Review

So, at the end of the academic session, I developed a business plan and sent copies to potential investors in the U.S. But there was one problem: my business plan had no exit strategy. They all asked exit strategy questions and my answer, naively, was that we would grow revenue and share profits!