Friday, April 12, 2019
28A Exit Strategy
My exit strategy would be to sell my company in 5-10 years for a major profit. My reasoning behind this is to give myself a chance to try out a new business. It's always been a dream of mine to follow in my mother's footsteps at Publix so after my condom vending machines take off I'll find someone to buy me out so that I can live another dream. I do believe my exit strategy has had an impact on my opportunity and resources, I've geared my company to have short term success while taking advantage of short-lived trends rather than long term ones. My demographic is also guided toward short terms use of the machines, once students graduate and start settling down there will be less of a reason to use the condom vending machines so I'd have to start stocking them in bigger clubbing and partying scenes and wouldn't be able to customize them as much, so a big reason why people would choose my product would be gone.
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I believe everyone's ideal plan is to let the company peak and then sell it off with the best profit possible. This would be the ideal case, I also want to build my company off of short trends to continue relevance and build small businesses on the side. A joint venture would be great in your case.
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