28A- My exit strategy
My exit strategy
1.
Although I loved coming up with this idea and
creating a whole hypothetical company and product, I think that in five years I
would end up selling the company. This is because I have no sentimental value
to it and I purely did it out of making money out of an unmet need. It also
depends on how popular and successful the company is. If the company is very
successful then I will most likely keep it because of the amount of money it
produces.
2.
I’ve selected this particular exit strategy because
I believe that from this first company experience I will learn and with the money
I receive from it I will be able to start another company with more sentimental
value to me. I wouldn’t want to spend my whole life selling and improving
adapters even if it is a good unmet need.
3.
My product and company definitely has helped me understand
how the world of entrepreneurship works. This will help me create connections
and grow as an entrepreneur as I now know most of the strategies used to be a
good entrepreneur.
Great post Laura! I also plan on selling my business in 5 years. We have different reasons: you were in it for making money and I hope the technology will continue if I sold it to a bigger company like ESPN. I think it is cool to see how we have the same plan for our business idea, but just with slightly different intentions.
ReplyDeleteHey Laura, another great post! I also said I would sell my company within 5 years because it is just a great start up type of company. A way to make money to help us pursue bigger and better things. I said my goal was to become a lawyer, and I find it interesting that if you were able to make money off of this, you would end up basically reinvesting it into another company and ultimately creating more value.
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