1) My ideal exit strategy is to stay with the business for several decades and retire. I plan to retire in my late fifties or early sixties.
2) I selected this particular exit strategy because, during this time, I can help my venture grow to its full potential. I can also oversee the development of additional features/accessories for the Doggie Dootie Station and make sure this product is at the highest standards and quality. Once I am ready to retire, I will make sure to leave my business with someone who shares the same values as me.
3) One of the most valuable lessons I learned from this course is there are many aspects to starting a business. I tried to complete each of the course assignments with an open mind while being realistic about my business idea. I don't think my approach towards this assignment was different from the others because I thought about the various components involved, including financial and social capital. I think my exit strategy influenced the other decisions I made in my concept because it will give me more time to enhance the Doggie Dootie Station. As a whole, this decision will provide me with the ability to grow my venture before I retire. If I stay with it for an extended period, then I want to utilize my venture's resources to make sure the Doggie Dootie Station is the best product in this market. In regards to my social capital, I want to continue maintaining the professional relationships I cultivated in my local community because these connections are valuable to my business.
Hi Adriana!
ReplyDeleteI really enjoyed reading through your post since it was an exit strategy that I didn't choose for my post. I appreciate you mentioning that you will make sure to leave the business with someone who shares the same values as you. As well as continuing to grow and build your business until the end. I think that is very admirable! Great work!
Hello Adriana,
ReplyDeleteI really enjoyed reading your post for the exit strategy of your venture. I think it is great that you are focusing on developing your venture into the future and sticking with it. I personally am doing the exact same thing with my venture in order to bring it to its maximum potential. I definitely think you have a great deal of passion behind the Doggie Dootie Station and I hope you keep pursuing it into the future. Great post!
Adrianna,
ReplyDeleteWhy retire at all? Why not look for another mountain to climb. Sure, take some time to rest and enjoy yourself, but don't rust out, wear out. Your idea seems very feasible and it's something that pet owners will love. It's practical and needed. I really like the name of your product as well, it's catchy and descriptive at the same time. If you thought of something like this, I'm sure you have more up your sleeve. Best wishes.
Hey Adriana,
ReplyDeleteI enjoyed reading your blog post for your exit strategy. I think that it's a great thing that you want to keep working on your business until you retire. That shows real dedication. I also like how you included that you want to give the company away to someone that values you. It shows that you really care about your company and want to leave it in good hands.