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 plan to eventually sell the business in a few years or just let it pan out until our government fixes the gun violence problem in this country. Once the gun violence is reduced by restricting gun laws or allowing more extensive background checks so guns do not end up in the hands of the wrong person, I will feel accomplished. For me, it's not about the money, I just want to save the lives of innocent people. No one deserves to die because of someone who is mentally ill operating a gun, and I just want the government to realize that there needs to be more attention on this problem we have in our country.
2. Why have you selected this particular exit strategy?
I selected this strategy because like I mentioned previously, it's not about the money for me. I just want our government to implement new laws or regulations to save the lives of innocent people from gun violence. In the future, yeah it would be great to sell my business and make a little money from it but I would rather just see a change in our country than gain anything from this business. I would be willing to sell it or just let it die out after changes have been implemented in our government.
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 my exit strategy really influenced any of the other decisions I've made for my business concept. It has not influenced how I have identified an opportunity because for me it was never really about making my business a huge success, it was about gaining recognition about the gun violence issue in our country. My exit strategy has not influenced my growth intentions or any plans for resources that I had. I just want to see a change in our country and for people to feel safe leaving their homes.
Hey Emma, your exit strategy was very interesting to read about. Like you, I did not feel like my exit strategy influenced any other decisions I made in the class. Unlike you however, I do not want to sell my product. Instead, I want to build and grow it and then eventually begin to expand it to new locations. I wish you luck with this in the future!
ReplyDeleteYour reasoning behind your product is amazing. That's when people really become successful. They are not looking for money or glory, they are looking to change something that they believe needs to be changed. Great work on developing this mindset!
ReplyDeleteHi Emma! Great choice for exit strategy, I think the most important thing in your case is to get gun safety laws passed. Once this happens there, thankfully, won't be a need for your business anymore so you could maybe move on to other government issues to fight for. Greta job!
ReplyDeleteHi Emma, your exit strategy is definitely unique as you are not in it to make money but to really make a difference, I think this makes you stand out forth majority of the class in this area. I can see the passion of rite change that you want to see in our country and agree with you strongly on this topic. Vey good job and hope you make some changes to the country.
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