Tuesday, July 26, 2016
My Exit Strategy
My exit strategy is likely to continue on for the next couple years with the development of the actual business side of the concept. Additionally, I would like to configure the logistics before I ultimately sell the business. I don't think the concept is capable of maintaining it's worth as a family business. I have chosen this exit strategy because I am unsure of how successful my concept will be due to the main competitors. My exit strategy has definitely held me back during the development of my concept. I made certain decisions with the thought of wanting to ultimately sell it to a competitor. Additionally, I believe it influenced me to not want to acquire resources at all, because the capital I would need is far too expensive and I would be selling the idea and application more than anything.
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That's a unique way to look at your business and I can appreciate wanting to sell the business off since that is also what I would like to do. And thank you for sharing all that you did this semester with us and the ideas that you have had.
ReplyDeleteI thought that you did a really good job on your exit strategy. All together, you had a great concept, and I can see why you would choose to sell the business once you have it completed. Overall, I have enjoyed learning about your concept over the course of the class, and I think that you can go far with the idea.
ReplyDeleteHello Carter. Why do you not think it is not capable to be a family business? It is good that you know not to acquire resources since your plan is to sell it in the future. Why do you want to sell it after a while and not right away?
ReplyDeleteI wish you the best of luck in your future endeavors.
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