1) I
have decided that for my “Snack Pack” my exit strategy will be this: when I
leave UF I will find a suitor that I deem worthy and pass them my business to
them upon my graduation date. I would love if my Snack Pack business could help
college kids get through school for years to come.
2) I
have selected this exit strategy because I think it will benefit students
beyond myself and my colleagues. The business will continue be passed on and growing
as UF grows and the needs change. I’m
hoping my business can benefit people beyond just selling a product. My
business can be a money maker, and a learning experience to other students besides
myself.
3) My
exit strategy has influenced my opportunity slightly, but not in any major way.
I’ve definitely always known this would be a temporary thing, and that has
resulted in me not being set on one design or way of making my product. I think
this mindset helps my business and I though. I think my business will last
longer if it is passed between owners and I think my product will grow for the
better with each owner.
Hi Courtney! Great strategy. So I'm assuming your business has to be at the University because it is for college kids? Would you ever consider spreading it to other college campuses and possibly running it from another city, or would you like to be finished with it once you leave Gainesville? My also wanted to sell my business idea pretty quickly, but because mine involves technology which is always changing. I'm nervous a new technology would come out and make my product unnecessary. Check out my post! http://cassiespinner.blogspot.com/2016/04/my-exit-strategy.html
ReplyDeleteHey Courtney,
ReplyDeleteI appreciate that you thought about how your exit strategy can help college students in the future. I never thought about my exit strategy in that way. You opened my eyes to possibly making a significant change to my exit strategy in order to use my business to help college students in the future. I never thought of my business as a temporary thing so it was cool to see that a different perspective.
Here's my link: http://brekts.blogspot.com/2016/04/my-exit-strategy.html
Hey Courtney! I think this strategy is an awesome idea. If you were able to pass this down to other college students, it would provide them with a great experience and also with a little bit of help on the financial end which can't hurt. My business isn't really geared to be built that way so I never thought of this strategy as an option, but I think it would be an awesome idea if you could do this. Check out my post at: http://sowersent3003.blogspot.com/2016/04/my-exit-strategy.html
ReplyDelete