1 This is probably one of the harder questions of this course for me. When I originally thought of this idea, My plan would be to sell it after five to ten years. However, the main reason for doing this would be to focus on becoming a lawyer and law school which I have begun to start thinking about. I would really have to think hard about exiting and selling, especially if the business is going well and I am enjoying the role I am playing in the business. I think as of right now at this beginning stage of the company, I still plan to exit by selling the company in the next five to ten years, However, I would say that this plan is fairly flexible and it would be cool see what this company could grow into.
2. As stated above, the main reason I am choosing this route for an exit is mainly in order to go to law school and end up becoming a lawyer.
3. I think that this exit strategy has influenced where I have looked for my opportunity. I looked for this opportunity in the students of Gainesville. That being said, this strategy focuses on college kids and campuses. I guess in my head, I thought of this as just a five or so year deal where a couple years after graduation, 'I sell the business and try to go to law school to one day open up my own law firm.
Hey Brandon,
ReplyDeleteOverall great work, one thing I found tricky was the fact that I had no idea what your business was and how it was gonna help you to get into law school. I think an exit strategy is tough like you said because if you don't think of an end you won't know what to strive for. Here is a link to my blog: http://kevinleddysblog.blogspot.com/2016/04/my-exit-strategy.html
Hello Brandon,
ReplyDeleteYour exit strategy looks perfect. I am certain that your business will prosper when you sell it in 5 to 10 years, and you will end up earning more money. I hope you can achieve your dream being a lawyer! Great work! Please visit my blog and give me some feedback on my exit strategy. It is http://bongjukang.blogspot.com/2016/04/my-exit-strategy.html
Brandon,
ReplyDeleteOne thing you definitely have to consider is how dedicated you are to your venture, but as a concept there’s not much binding you to the project. Selling a business after 5-10 years is a great way to begin your career and lead you into more prosperous ventures. I wish you the best of luck in deciding your career path.
If you get a chance here is the link to my post. http://ericchyattesblog.blogspot.com/2016/04/my-exit-strategy.html