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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?
I think that my exit strategy will be to aim to sell the company within a maximum of 10 years to either another buyer looking to carry on the company or to another larger company to whom we pose a threat to in the marketplace. 
2) Why have you selected this particular exit strategy?
I think that it is a really rewarding feeling knowing that you built something from the ground up that put a big dent in a far bigger company. I think that as an entrepreneur, allowing for a buy out to occur, put money in your pocket and allows you to move forward and start the process all over again. 
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 that this has played a large role in the formation of this company. I decided on this idea because I saw the flaws in the current mega companies that exist. For a company like Bed, Bath and Beyond, who depends on a large portion of revenue coming from dorm shoppers, being able to target their flaw and build a solution that fixes everything wrong with their company; such a large company could easily acquire a smaller startup and solve their own problem. 
I believe that a successful route of entrepreneurship could be taken in the direction of simply pinpointing a companies flaws, creating a solution in the form of a business, and simply soliciting an offer from the larger corporation for the solution you've created. 

Comments

  1. UnknownDecember 3, 2018 at 8:15 PM

    I find your take on the exit strategy interesting. I understand wanting to wrap up a project and start with something new; I totally get that part. What I found interesting was your point of view of what entrepreneurship can be. Pointing out a larger companies flaws and starting up a business just to correct one of those flaws is a cool take on entrepreneurship.

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  2. Andres BonellDecember 3, 2018 at 8:33 PM

    That is an interesting choice. I do agree with you that taking a company to a larger scale and size could be detrimental to the company itself and sometimes a gamble. I chose to have the same exit strategy; in a world of merger and acquisitions and where it is easier than ever to get others interested in you company to purchase it, it makes sense to open up to an early retirement.

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