28A - Your Exit Strategy

That's a fast exit!

All good things come to an end. Eventually, the entrepreneur exists the venture she or he created. Although exit comes at the end of the entrepreneurship process, its implications can be seen throughout. Exit can influence how you identify opportunities, develop products or services, and manage and grow the firm. In this exercise, I would like you to reflect on your own exit strategy.

Here's what you should do and write up for your post:

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?

Well, it all depends on how well the business is doing; however, from a present point of view, the food business is not where I see myself in 5-10 years, so I would use this business as a jump start to raise some capital and then by then invest on what I really am passionate about.

2) Why have you selected this particular exit strategy?

Simply because I see this business as a good opportunity venture to acquire experience and capital, but not to do for the rest of my life.

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?

Yes, since Gainesville has a particular market with its big number of students who a lot eat out everyday, it is a good bet to invest in the food department in Gainesville to have a good cashflow and acquire knowledge.