28A – Your Exit Strategy

1) Selecting my exit strategy. 

My exit strategy for my venture is to sell my business franchise in the next 5 years for a large return. 
2) Why I've selected this particular exit strategy: 

As a rather young twenty-one year old, I have many more ideas and passions I'm interested in pursuing. One of which is working in marketing data and research. I believe an entrepreneur, oftentimes, is only as successful as their experiences. In order to be more successful I must first become more knowledgeable about various business aspects of different industries as well as continue to develop my network. Therefore, this particular exit strategy would best support this transition and maximize my payout. 
3) How my exit strategy has influenced the other decisions I've made in my concept. 

I believe my exit strategy has influenced my growth intentions and how I plan to acquire and use resources. There are many other universities, particularly closer to the Pacific Northwest, who are most likely familiar with the franchise as well. I've previously discussed this expansion within my concept. Therefore, this may be an excellent way to expand upon my concept while increasing my assets to then invest in other opportunities. But first, as stated previously, I need to gain more market knowledge and expand upon my network. 

Comments

  1. Tyler JacobsApril 16, 2020 at 10:09 AM

    Hi Caitlyn, I think this exit strategy makes sense considering you have other entrepreneural aspirations that you want to explore in the near future that this coffee initiative may take time away from. I think it'd be helpful to consider how realistic are the expansion goals that you have to be able to sell in 5 years. I suppose it depends on what type of return you are looking for, but many ideas take 5 years simply to become established in their own region, never mind multiple regions. How early you would be starting is to your advantage, but I think thinking through the realistic or practical steps in setting up this type of exit would be my next recommendation.

    ReplyDelete
  2. Cason SchneiderApril 18, 2020 at 12:42 PM

    Hi Caitlyn!
    My exit strategy was similar to yours, leaving your company after five years; instead, I plan to leave my business after seven years. Your idea to sell out to a larger company that makes perfect sense given you have so many more dreams to follow. I think it is so important to be able to move on to better things, things you enjoy even more. This process you’ve laid out seems to be a perfect tool to add to the many great experiences you’ve already had.
    Thank you for putting time into this assignment!
    Good Job!

    ReplyDelete

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