28A – Your Exit Strategy

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?

Though I am passion about my venture, after a few years of working on my business to get it where I have envisioned,  I would wish to sell. I would like to work out the logistics with adding design and accessories to the cup and making the name spread. I would love to sell my venture to a well known manufacture for cups like Thermos L.L.C.

2) Why have you selected this particular exit strategy?

I feel like once I get my venture to where I want it and assist it in spreading, I would wish to hand it off to work on other ventures and focus on my telecommunications career.

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 think my exit strategy has influences my other decisions made because I have taken feedback from peers and interviews in the class and immediatly tried to add them on to improve the cup, like adding designs or a charging port for the heater. I wanted to do everything effectively early so that selling could be an option.