1. I think if my business is successful I would probably try to sell it in 2 or 3 years.
2. I chose this exit strategy as my business is for UF undergrad students, which means that after I graduate I would probably want to sell it as I plan on going to grad school. I also think it would be better if it were run by people who are still students at the University of Florida as they would have a better idea of any changes in the market or their needs.
3. I do not think my exit strategy has really influenced my decisions as I had not really thought about it until this assignment. I do see why the exit strategy might affect how I would have made decisions though. Someone who is thinking about selling their business might think more in short term profits instead of growing their business.
Dear Maria,
ReplyDeleteI think you have an interesting exit strategy. Even though you may not be a student, I would assume that your service can be profitable and relevant after 2-3 years. This is because there will still be many students in demand for alternative methods to find less expensive textbooks. However, I believe this product could gain value fast.
Hey Maria!
ReplyDeleteI think you have a good exit strategy. Once out of school, I feel that this business venture could feel a little low scale and juvenile. When you’re approaching 30 you could start a new business that you’re passionate about with the money you make from this business. You could pay off student loans, go to grad school, and start your career. I think it’s smart to sell this business because while profitable, you probably won’t be in Gainesville anymore and you could be going somewhere else in your career. Great job!
-Jenna