Assignment #28 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?

I plan to sell the business after a few years when I have turned it into a profitable company. I do not see myself wanting to work the crazy hours of an entrepreneur as I get older. I want to be able to have time to spend with my family especially when the time comes to start my own. My hopes is I will be able to get a large enough return that I can spend a few months with my family before starting to work again. 

2) Why have you selected this particular exit strategy?

I have selected this strategy because I do not see myself as a life long entrepreneur. I think it will be a good experience and fun to start a business when I am young, but I want to be able to spend time with my family when the time comes. 

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 this exit strategy has influenced my decisions by allowing me to go all in with all of my resources because I only plan to do it for a few years. I think the time for me to sell the company is after I have grown the business to a second university. This way I have set up a strategy and plan to expand the company and have shown that it is successful. This way who ever buys the company will have the information to expand the company as much as they want to.