Assignment 28A - Your Exit Strategy

Assignment 28A - Your Exit Strategy

Identification
My exit strategy for my business idea will be to sell it off once it is profitable. I want to make a large return off of my idea. I think there would be potential to sell the idea to individual universities or maybe bring it into a licensing agreement as well. After a while, I do not want this to be my sole profession.

Why
I have come to this decision because I think it is truly a great idea; however, I am not passionate about this business. I want to work in fashion but at the same time do not want to give up on this idea.
Ultimately, I think there is a great potential for it to succeed and become extremely profitable. I would want to retire from this idea and get into an industry with the profits for what I truly love.

Influence
I think this has influenced my other decisions because I want everything to be fast paced. I want the growth to be large and quick, so for that reason it makes sense that I chose a low price to infiltrate markets. It has influenced my need to grow to other universities in a quick manner was well.