Your Exit Strategy
1. What is my exit strategy?
To be honest, this is an immensely difficult question to answer, as all hypothetical questions seem to be. The hardest part of this question is the uncertainty of the future. In order to answer this question, I will assume that my goals do not change. If this is so, I believe that I would work at this business for as long as I can, and eventually pass it on to someone who I believe has good intentions.
2. Why have you selected this particular exit strategy?
I believe that this is what I would do because of my purpose for starting this business. I would start this business in order to help students become more efficient at learning and studying. I don't believe that this is a need that can be fulfilled. It is perpetual, and will probably always be relevant.
3. How do I think my exit strategy has influenced other parts of my business?
I believe that my exit strategy has most influenced my lack of growth. If I were to start this business, I would not be worried about growing quickly. I would try to grow as slowly as possible so that I can be assured that my business is still providing quality service. This is because my exit strategy is not to sell my company to a bigger business, but to pass my business onto someone else to continue my work.
Hey Cooper, think you did a great job on this post. This questions stumped me as well, this is something that I had never though of before. We get so caught up in our venture that we never really think past it. I enjoyed this assignment because it gave us the ability to think like that which opened up the door to even more potential scenarios with our products. I love your exist strategy because of the message behind it, you really do care about the cause. You want to expand slowly and make sure the company is in right hands so that the people you help always get the service you intend on them getting. Great post!
ReplyDeleteHey Cooper, I very much enjoyed reading your post, and I think you did a great job with your post. It was especially interesting to read your post because we had very different mindsets with our business and exit strategy. After reading your post, it is easy to see that you care a lot about the idea that you have presented and you want it to help as many people as possible. I, on the other hand, want my business to be very successful so that I can make as much money as possble from it.
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