My Exit Strategy
I have decided to change my exit strategy. Initially I want
to start the venture and see it through while remaining a part of it throughout
the ventures life. However, now I would like to start the venture and sell it
for a profit within the first five years. I have selected this strategy because
it would be easier to develop the concept and sell it to a company that has the
ability to market it and grow it. I don’t think this particular exit strategy
has or would influence me to do anything differently. The only potential change
I would make is how I financed the idea. I would maybe finance it alone versus
having investors in the company.
Hi Jason,
ReplyDeleteWe actually came to similar conclusions with our exit strategies. I also wanted to sell my company for profit within a few years because it isn't my main focus. I like how you have definitive goals to develop your company to the point where you would have many offers in five years. Trying to finance an idea on your own might be challenging, but also at least you lead the direction of your company solely on your own. Great job, and enjoy your break!