28A – Your Exit Strategy Submit Assignment

• 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 on staying with my idea for several years until I begin to see a decline.  I want to be able to make sure that I am making enough money to support my family and live a healthy life.  What also makes this questionable is how much more I can improve my idea.  If I am able to continue to add to the tablets with companies continuing to buy in, I think the sky is the limit on how long I would want to hold on.  If this was the case, I could see myself eventually passing it down to my children.
• Why have you selected this particular exit strategy?
• I have selected this particular exit strategy because I think it is the smartest way to go about it.  If the company went off at the beginning and was declining very fast, than I would consider selling it in 5 years but I think that is too early to make such a big decision that I have put so much time and effort into.
•  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 believe my exit strategy has influenced my decision on how I am going to go about making future decisions.  I say this because I do not plan on selling it early at all, with that, I am going to be making decisions that will be benefitting me more in the long term rather than early on.  If I see an opportunity that can benefit me early on I would still be open to it.  Mostly I believe my exit strategy will be effecting more long term if anything.  I feel as if planning for an early exit will slowly move towards that and eventually I will have no choice but to sell it early which is something I would not want to do.