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 within 5 years, IF my imaginary business was large enough, I would sell it and move onto something new. I can't say for sure that is what I would do, however, I tend to get attached to things but I also like new challenges and adventures. My product was also technology related so therefore I think within a certain time frame it would be bombarded by better versions of itself so if I were not able to keep growing it would become obsolete.


2) Why have you selected this particular exit strategy?


I choose to sell and move onto another venture because if/when the product becomes out of date and customers move onto newer things, I will already be out and will not feel the down fall personally.


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 don't think it has influenced my growth intentions or how to acquire and use resources. I will have given this product my all whether I was going to stay with the company for its life time or leave it after it becomes successful. I give everything I do 100% and it does not matter if it's short term or long term!