Although I truly believe this company could be quite successful throughout college campuses it isn't my desire to run this company forever. My passion lies in music and I hope to open my own music store and studio one day and running the day to day of both of these companies would be unrealistic. I think this company, Stud-ease, would provide a lot of tools and experience that would help my music venture to be successful along with financial support as well.
My exit strategy hasn't really affected the plans I made for my company. The only way I can think of that Stud-ease was impacted by my exit strategy is the intense focus on the short term as opposed to the long term. For example I consider expansion to be something that would happen in the short term as opposed to too many years down the line. This is because capturing a larger audience and market would put me on the big name education companies radar and would perhaps expedite the process of licensing or selling in the long term. Having those companies attention and perhaps seeing me as a threat would allow me to bargain and receive an offer for purchase that I wouldn't be able to refuse.
It seems that you have a very clear path as to what you want to do with this company in the future. If this is not your passion, it would probably be in your best interest to sell the company at some point and then follow your passions. You can never be truly happy in life unless you follow your dreams and drive your passions into something great. Here is the link to my blog post: http://brandonsblog1111.blogspot.com/2016/04/my-exit-strategy.html
ReplyDeleteHi Skylar,
ReplyDeleteConsidering I did not know much about your venture, so after reading more about it on your blog, I do see why you chose this particular exit strategy. I feel it is always best to follow your dreams and if music is the road that you would like to follow, I say go for it! I do see this as a pretty valuable and different venture that would most likely have some success if continued, however I feel that you will receive the most satisfaction following something you are passionate about.
Here is a link to my post!
http://breyflynch.blogspot.com/2016/04/my-exit-strategy.html
Skylar,
ReplyDeleteThis sounds like a great strategy. I think that it is very commendable that you want to follow your passions when you decided to eventually exit your venture. It also seems like you already have a good idea of who would be willing to acquire your company. This is an advantage that could definitely help you out in the long run. Good job on this assignment. Feel free to check out my blog at: http://uffarmer.blogspot.com/2016/04/my-exit-strategy.html