Your Exit Strategy - Assignment 28

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  1. My exit strategy would be to start the company up so that my vision is there. I would like to stay at the company but would like to partner with another company or investors as the company starts growing in order to have more financial backing to expand the business and as the company grows so does the financial risk. 

  2. As the company grows, I will need more capital and financing options. Expanding the business entails more risk. Because the risk is bigger I don't want to carry the weight of the risk by myself.

  3. I created a concept that would be attractive to my competitors as it would be an opportunity to partner with a competitor company. This strategy has influenced the way I will get resources as I plan to acquire more resources by partnering and reducing my financial risk. 

Comments

  1. Sophia PinedaAugust 2, 2020 at 10:44 AM

    Hey Maria, I think its smart that your are thinking about the future and how it could impact your business. Of course your business should survive if it is thriving and if the future conditions are suitable for it. Its always important to look at the long term goals and plan ahead.

    ReplyDelete
  2. Isabella P.GAugust 2, 2020 at 7:25 PM

    Hey Maria, i like your idea of partnering up with another company or investor to decrease your risk. This is something that i didn't think about when creating me exit strategy. Looking out for the future and planning is essential for an entrepreneur and you are on the right path.

    ReplyDelete
  3. Morgan MoweryAugust 3, 2020 at 7:00 AM

    Hey Maria,

    I think you did a really great job of explaining your exit strategy. It seems like you have come up with really great ideas to expand your business in the future. I like that you mentioned your financial capital in order to expand in the future, which is obviously a very important aspect for your business.Overall, thank you for sharing I think your business is well on its way to being a HIT!
    -Morgan Mowery

    ReplyDelete

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