Assignment 28A- Your Exit Strategy

Assignment 28A- Your Exit Strategy

1. Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children?
   In all honesty, I dont believe I can see myself managing a business like this very far into the future. It was designed for college students to help other college students, and once I dont fall into that category anymore, I will sell the business and make a nice profit to start off my life with.
2. Why have you selected this particular exit strategy?
   I selected this strategy because I think while it would be a good experience and job to have coming out of college, I hope to be able to move higher and work with more recognized companies in the corporate world. I have no business managing a college campus housing unit for the rest of my life.
3. How do you think your exit strategy has influenced the other decisions you've made in your concept? For instance, has it influenced how you have identified an opportunity? Has it influenced your growth intentions or how you plan to acquire and use resources?
   I think my exit strategy may have influenced the way I thought about my business plan and how to improve it. Knowing that this wasn't a business I was planning to be in for the long run made me a little more relaxed about the venture concept idea since I knew there would be someone else dealing with it in the future. Admittedly, that may have not been the best way to think about it, but there's always room for improvement and this class taught me it was okay to fail.