Wednesday, April 6, 2016

My Exit Strategy


After thinking of all the options for how to exit the venture, I can see myself selling the company down the road to a mother company who would make it grow more in the future. I can not say how many years it would take to get to the point of a sale, but the business would have to be worth enough money that would allow me to start my next venture. The main reason I would sell my venture would be to get cash to start my next venture. I hope that in years down the road I will still be very dedicated to being an entrepreneur. 
The exit strategy, I believe has not influenced the decisions in my concept too much. The main goal of the venture is to create the best possible product that can be used by the most people possible. The exit strategy does affect how the concept is marketed, because if I wanted to exit earlier, the company would need to have more users earlier. Deciding the timeline of the exit strategy and not so much the strategy itself is very important for making decisions now. The overall growth plan of the company should be to grow at a steady but string pace and keep users on board. Exit strategies are very important to have early on and I hope I get to go through with one one day.


2 comments:

  1. Thomas,
    I too would like to sell my business in the future. Maybe I would start another venture like you, or maybe I would just retire, I am not sure. But I do know, I do not want to be running the business for my whole life. Also, I think it would be time to work in some different fields that aren't related to entrepreneurship. I would love if you looked at my blog post and gave me some feedback. Here is the link: https://principlesofentrepreneurship.wordpress.com/2016/04/06/my-exit-strategy/
    Good luck with the rest of the class!

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  2. Hi Thomas,

    I enjoyed your post and was able to relate to it since I too am interested in potentially selling off my own venture. I liked that you went further and explained your idea of who you would sell it to. Selling to a mother company can solidify its growth instead of an individual who was once in the same situation you intended to start it on. Feel free to check out the link to my page!
    http://entgrod.blogspot.com/2016/04/my-exit-strategy.html

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